Cisco stock dips as $2 billion Axonius takeover report fuels security M&A chatter
Cisco shares slipped 0.3% to $75.80 Monday after Israeli outlet Calcalist reported the company is in advanced talks to acquire cybersecurity firm Axonius for about $2 billion. Axonius denied any discussions. The stock moved between a 1% gain and a 1% loss during the session. Investors are watching for further disclosures and Friday’s U.S. jobs report.