Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Wednesday session in red amid volatile trading. The shares closed down -0.08 points or -0.25% at $31.79 with 14.05 million shares getting traded. Post opening the session at $31.79, the shares hit an intraday low of $31.75 and an intraday high of $31.93 and the price vacillated in this range throughout the day. The company has a market cap of $160.10 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares.
On Sept. 7, 2016 Evergent Technologies and Cisco announced their alignment to accelerate delivery and monetization of OTT video services for operators and broadcasters.
The collaboration brings together the Evergent proven cloud-based Subscriber Management solution, which is deployed in over 150 countries with recent success in supporting massive OTT viewership for UEFA EURO 2016 in Europe and Asia, and the Cisco Infinite Video technology launched at IBC 2015, which helps service providers, media and entertainment companies deliver content direct to consumers.
At IBC 2016, Cisco and Evergent will jointly demonstrate an end-to-end solution based on the Cisco Infinite Video solution and the Evergent cloud-based subscriber management platform. Evergent and Cisco together provide end-to-end functionality that enables companies to quickly launch and expand OTT services on a global scale.
“Evergent’s carrier grade, cloud-based Subscriber Management system provides extensive functionality and a rich set of APIs that enable fast deployment of OTT services,” said Rajeev Raman, Senior Director, Service Provider Video Software, Cisco. “Evergent works with the world’s largest carriers and broadcasters and brings deep domain experience to the table.”
“OTT video is rapidly becoming a strategic imperative for mobile carriers, broadband providers, cable operators, broadcasters, and content owners,” says Vijay Sajja, Evergent CEO. “Companies around the world are eager to quickly launch OTT services and looking for an end-to-end solution that is easy to deploy, monetize, manage and scale.”
Shares of Zynga Inc (NASDAQ:ZNGA) ended Wednesday session in red amid volatile trading. The shares closed down -0.02 points or -0.72% at $2.76 with 12.24 million shares getting traded. Post opening the session at $2.79, the shares hit an intraday low of $2.73 and an intraday high of $2.80 and the price vacillated in this range throughout the day. The company has a market cap of $2.49 billion and the numbers of outstanding shares have been calculated to be 764.83 million shares.
Zynga Inc (ZNGA) on Aug. 04, 2016 announced financial results for the second quarter ended June 30, 2016.
- GAAP revenue of $182 million and GAAP net loss of $4 million
- Bookings of $175 million; above the high end of the guidance range, flat year-over-year and down 4% sequentially
- Adjusted EBITDA of $12 million; above the guidance range
- $868 million in cash, cash equivalents and marketable securities
- GAAP operating expenses of $132 million, down 15%, quarter-over-quarter
- Non-GAAP operating expenses of $118 million; down 5% quarter-over-quarter, driven by a 14% reduction in marketing expenses