After failing to land a big acquisition in the security space last year and suffering a steady decline in market share, Cisco Systems Chief Executive John Chambers is determined to turn around his company's lagging security business - whatever the cost.The growing expectation, from Silicon Valley to Wall Street, is that Chambers will not be able to do it with its SecureX product range, and needs to go back to the deal table to boost the business with an acquisition in the coming months.In December, Chambers said he had granted Chris Young - Cisco's first executive for security at a senior vice president level - a "blank check" for the next two to three years to hire and acquire as he sees fit to overhaul Cisco's security business and spark a rebound.Cisco has lost around 10 percent of its market share in network security over the past five years to smaller, more innovative rivals such as Juniper Networks Inc, Checkpoint Systems Inc, and Palo Alto Networks Inc . The network equipment company fell behind in web applications, social media and video streaming that call for more complex security protection than traditional firewalls provide.
Checkpoint Systems, Inc. is a global manufacturer and provider of technology-driven end-to-end loss prevention, merchandising and labeling solutions to the retail and apparel industry. Shares of CKP fell by 0.09% or $-0.01/share to $11.46. In the past year, the shares have traded as low as $6.69 and as high as $12.64. On average, 160898 shares of CKP exchange hands on a given day and today's volume is recorded at 214372.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO traded higher by 1.56% or $0.32/share to $20.80. In the past year, the shares have traded as low as $14.96 and as high as $21.30. On average, 39622300 shares of CSCO exchange hands on a given day and today's volume is recorded at 31228212.
Juniper Networks, Inc. (Juniper Networks) designs, develops, and sells products and services that together provide its customers with network infrastructure. Shares of JNPR traded higher by 0.41% or $0.085/share to $20.74. In the past year, the shares have traded as low as $14.01 and as high as $25.04. On average, 7870370 shares of JNPR exchange hands on a given day and today's volume is recorded at 4456566.
Palo Alto Networks, Inc. is a United States-based network security company, which develops enterprise network security solutions. Shares of PANW traded higher by 0.37% or $0.198/share to $53.01. In the past year, the shares have traded as low as $47.00 and as high as $72.61. On average, 703118 shares of PANW exchange hands on a given day and today's volume is recorded at 941755.
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