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Tech Stocks Analysis! Symantec Corporation (SYMC), Cisco Systems, Inc. (CSCO)

Shares of Symantec Corporation (NASDAQ:SYMC) ended Monday session in green amid volatile trading. The shares closed up +0.01 points or 0.04% at $25.11 with 5.22 million shares getting traded. Post opening the session at $25.08, the shares hit an intraday low of $25.03 and an intraday high of $25.18 and the price vacillated in this range throughout the day. The company has a market cap of $15.69 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.

Symantec Corp. (SYMC), the global leader in cyber security, revealed new research demonstrating how cybercriminal networks are taking advantage of lax Internet of Things (IoT) device security to spread malware and create zombie networks, or botnets, unbeknownst to their device owners.

Symantec’s Security Response team has discovered that cybercriminals are hijacking home networks and everyday consumer connected devices to help carry out distributed denial of service (DDoS) attacks on more profitable targets, usually large companies. To succeed, they need cheap bandwidth and get it by stitching together a large web of consumer devices that are easy to infect because they lack sophisticated security.

More than half of all IoT attacks originate from China and the U.S., based on the location of IP addresses to launch malware attacks. High numbers of attacks are also emanating from Germany, the Netherlands, Russia, Ukraine and Vietnam. In some cases, IP addresses may be proxies used by attackers to hide their true location.

Most IoT malware targets non-PC embedded devices such as web servers, routers, modems, network attached storage (NAS) devices, closed-circuit television (CCTV) systems, and industrial control systems. Many are Internet-accessible but, because of their operating system and processing power limitations, they may not include any advanced security features.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Monday session in green amid volatile trading. The shares closed up +0.04 points or 0.13% at $31.50 with 14.07 million shares getting traded. Post opening the session at $31.31, the shares hit an intraday low of $31.20 and an intraday high of $31.58 and the price vacillated in this range throughout the day. The company has a market cap of $159.61 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares.

Celestica Inc. (CLS) (CLS), a global leader in the delivery of end-to-end product lifecycle solutions, announced that it has received the 2016 Excellence in Sustainability award from Cisco®.

This prestigious award recognizes Celestica for Excellence in Sustainability for demonstrating sustainability leadership above and beyond standard sustainability practices, and leading the industry through its approaches to reduce negative environmental impacts and raise positive social impacts. The distinction was awarded during Cisco’s 25th Annual Supplier Appreciation Event, held September 8 at the Santa Clara Convention Center in California.

“The theme for our Silver Anniversary SAE event, ‘Celebrating the Journey’, puts the spotlight on our continued journey towards Digitization and the tremendous opportunities that come from connecting people, processes, data and things,” said John Kern, senior vice president, Supply Chain Operations, Cisco. “Cisco’s supply chain has evolved into the recognized leader it is with suppliers and partners playing an instrumental role in the company’s growth, development and success. We’ve come a long way, but we must continue to evolve, innovate and accelerate.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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