Federated Hermes Inc. decreased its position in Cisco Systems, Inc. (NASDAQ:CSCO – Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,477 shares of the network equipment provider’s stock after selling 59,116 shares during the quarter. Federated Hermes Inc.’s holdings in Cisco Systems were worth $17,480,000 at the end of the most recent reporting period. Get Cisco Systems alerts: A number of othe ...

Core Viewpoint - Data Storage Corporation has successfully completed a tender offer to acquire approximately 72% of its outstanding shares, positioning itself for a disciplined acquisition strategy while maintaining a strong cash reserve of over $10 million [1][3]. Group 1: Tender Offer Details - The company acquired 5,625,129 shares at a price of $5.20 per share, totaling approximately $29.25 million, funded entirely through cash on hand [3]. - The tender offer expired on January 12, 2026, and the shares accepted for purchase represent about 72% of the total outstanding shares as of December 8, 2025 [1][3]. Group 2: Financial Position and Strategy - Following the tender offer, Data Storage Corporation retains over $10 million in cash, allowing for future strategic initiatives [2][3]. - The company aims to pursue a disciplined acquisition strategy focused on technology-enabled services, particularly in areas such as GPU environments, AI-driven software applications, cybersecurity, and telecommunications [3][4]. Group 3: Future Outlook - The company is actively evaluating strategic opportunities that align with its growth plan, emphasizing businesses with recurring revenue, high margins, and established customer bases [3]. - The management believes that this approach could be transformative for the company over time [3].

Industry Overview - The Zacks Computer - Services industry includes companies providing cloud and software-based solutions, including consulting, research, security, and business support solutions [2] - Participants serve various sectors such as intelligence, defense, government agencies, banking, financial services, insurance, healthcare, and media [2] Current Trends - The shift towards remote and hybrid work is driving demand for cloud and cost-efficient business support solutions, enhancing industry growth prospects [3] - Increasing cyberattacks are creating a heightened need for cybersecurity solutions, particularly within government agencies [4] - Regulatory compliance is becoming more complex, leading to increased demand for services that help businesses adhere to governmental and industry norms [5] Industry Performance - The Zacks Computer - Services industry ranks 47, placing it in the top 19% of over 244 Zacks industries, indicating positive near-term prospects [6][7] - The industry's earnings outlook is optimistic, with a 7.7% increase in the Zacks Consensus Estimate for 2026 earnings since March 31, 2025 [8] Stock Market Performance - Over the past year, the industry has underperformed compared to the broader Zacks Computer and Technology sector and the S&P 500, with a rise of 10.7% versus 19.7% and 27.6% respectively [11] - The industry is currently trading at a forward 12-month P/E of 16.85X, lower than the S&P 500's 23.51X and the sector's 27.94X [14] Notable Companies - **PDF Solutions (PDFS)**: Focuses on data solutions for semiconductor and electronics ecosystems, benefiting from increasing complexity in manufacturing processes and investments in AI-driven collaboration [16][17] - **WidePoint (WYY)**: Provides Technology Management as a Service (TMaaS) and is positioned to benefit from a growing addressable market worth $36 billion, driven by remote work and cybersecurity needs [22][23] - **Forian (FORA)**: Offers data science-driven solutions to healthcare and financial services, with expected revenues between $28 million and $30 million for 2025, indicating a growth of 39-40% from 2024 [26][27]

RT Jake Bleiberg (@JZBleiberg)New: Two former employees of cybersecurity companies pleaded guilty on Thursday to federal crimes for launching their own ransomware attacks in a plot to extort millions of dollars from victims around the US.https://t.co/L2x1XTFMCc ...

Core Insights - ServiceNow, Inc. (NYSE:NOW) is recognized as one of the 12 Best Long Term US Stocks to Buy Now [1] - BTIG has initiated coverage of ServiceNow with a Buy rating and a price target of $1,000 [2] Company Developments - ServiceNow's AI platform has evolved significantly since the launch of Now Assist two years ago, transitioning from a simple AI feature to a comprehensive system where humans and AI collaborate [3] - The introduction of an AI Control Tower for oversight and governance is a key development, alongside a partnership with Microsoft to implement agent-based AI workflows across enterprises [3] Financial Projections - BTIG's optimistic outlook for ServiceNow assumes the company will maintain performance above the Rule of 50, projecting revenue growth in the high teens and free cash flow growth in the mid-20% range [3] Acquisition News - ServiceNow is reportedly in advanced discussions to acquire cybersecurity startup Armis, which was last valued at $6.1 billion, with the potential deal reaching around $7 billion, marking ServiceNow's largest acquisition to date [4] - Armis specializes in securing and managing internet-connected devices, addressing cyber risks for organizations [5]

Kevin Mandia, founder of the cybersecurity firm Mandiant—which was acquired by Google for $5.4 billion—has formed a new company called Armadin that will take on the imminent threat from AI hacking https://t.co/PC87UVT615 ...

We are beginning to explore trusted-access programs for defensive cybersecurity work. ...

Startup Exein raises $118 million in fresh funding with the goal of keeping hackers out of connected devices including cars, home routers and baby monitors https://t.co/oO74DHrL5b ...

Asahi is considering to create a new cybersecurity team after disruptions to operations and financial reporting from a September ransomware attack are expected to continue into the new year https://t.co/0TFte5uHvZ ...

Core Insights - Tata Consultancy Services (TCS) has agreed to acquire Coastal Cloud, a Salesforce consulting firm, for $700 million in cash, gaining full ownership of the company [1] - Coastal Cloud specializes in Salesforce consulting services for enterprise-scale transformations across various sectors and has a team of over 400 professionals with more than 3,000 multi-cloud certifications [2] Company Overview - Coastal Cloud was established in 2012 and is recognized as a Salesforce Summit Partner, participating in the Salesforce Partner Advisory Board [2] - The company provides advisory and business consulting in areas such as sales, service, marketing, revenue, CPQ, commerce, and Salesforce data cloud [2] Strategic Implications - The acquisition is expected to enhance TCS's global Salesforce advisory and business consulting capabilities, increasing access to the mid-market customer segment [3] - TCS aims to build a world-class Salesforce practice by combining Coastal Cloud's multi-cloud capabilities with the expertise of ListEngage, another recent acquisition [4][5] Future Plans - TCS plans to continue pursuing acquisitions aligned with its strategic focus areas, including AI, cloud, cybersecurity, digital engineering, and enterprise solutions [4] - The completion of the acquisition is subject to regulatory reviews and standard closing requirements [6]