9 Must-See AI News Updates That Are Trending on Wall Street

4. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On February 5^th, Booz Allen Hamilton, a military-defense-focused AI company, announced that Cisco Systems, Inc. (NASDAQ:CSCO) has completed the acquisition of Snap Attack. The acquisition itself was completed on January 31, 2025, while the announcement from Booz Allen came today. Snap Attack is the cyber threat hunting and detection company created by Booz Allen DarkLabs, an elite team of cyber operators and defenders, to help clients stay proactive in the face of threats and fix gaps in cybersecurity. The company spun out of Booz Allen in 2021. SnapAttack will now be providing critical threat detection and engineering (TD/E) technology, intellectual property, and expertise to help Cisco’s Splunk improve its threat detection and engineering roadmap. Splunk is an AI-powered system for managing and analyzing network data, another firm that was acquired by Cisco to strengthen its AI-powered security and observability solutions. Snap Attack will also help Cisco customers switch to Splunk Enterprise Security from other platforms smoothly, Cisco has informed. Its TD/E management lifecycle solution enables security analysts to assess, organize, and optimize their security content, streamline research, writing, and validation and deployment of threat detections across their technology estate.

“We spun out SnapAttack because we believe in the power of dual-use technology to speed outcomes. When great products scale in the commercial market, their benefit expands across our government missions as well. This is an excellent outcome for all involved and we look forward to continuing to work with the SnapAttack team.”

-Booz Allen Chief Financial Officer Matt Calderone.