Cisco Systems on Thursday announced its $5 billion acquisition of video technology developer NDS Group, but did that make it a stock to own?
Stephanie Link, director of strategy and vice president at TheStreet.com, wasn’t a buyer following news of the acquisition.
“I just feel like there’s other places in technology that have faster end-market growth,” she said on “ Fast Money .” “I just don’t see the real synergies there.”
Brian Modoff, an analyst at Deutsche Bank, sounded bullish on the purchase.
“It’s a complimentary deal for the company. It’s the kind we like to see, something that fits into something they’re already doing and focused on, not something off into the wheat,” he said.
Modoff also said that NDS Group had a healthy growth rate and brought exposure to emerging markets.
Modoff had a price target of $24 per share for Cisco. The stock closed at $19.91, down 1.4 percent.
Pete Najarian of OptionMonster.com also wasn’t a buyer.Page 1 of 3 | Next Page