STOCK TITAN

Cisco Systems, Inc. - CSCO STOCK NEWS

Welcome to our dedicated page for Cisco Systems news (Ticker: CSCO), a resource for investors and traders seeking the latest updates and insights on Cisco Systems stock.

Cisco Systems, Inc., commonly known as Cisco (NASDAQ: CSCO), is a leading American multinational digital communications technology conglomerate headquartered in San Jose, California. Cisco is the world's largest provider of networking equipment and one of the top software companies globally.

The company's core business revolves around selling networking hardware and software, including leading market shares in these sectors. Cisco is also a prominent player in cybersecurity with products like firewalls, and offers collaboration tools such as the Webex suite. Additionally, Cisco provides observability tools to enhance network visibility and performance.

Recent achievements underscore Cisco's commitment to innovation and sustainability. For instance, the Cisco Foundation is actively working on environmental protection projects in the Amazon Basin, highlighting the company's dedication to Corporate Social Responsibility (CSR). Cisco is also at the forefront of AI and data security, unveiling groundbreaking solutions like Cisco Hypershield to protect modern workloads across various platforms.

Cisco is investing heavily in emerging technologies. The company recently launched a $1B AI investment fund to support the startup ecosystem and advance AI solutions, reflecting Cisco's strategic focus on innovation and customer needs in the AI era.

Financially, Cisco continues to perform robustly with substantial investments in R&D, strategic acquisitions, and partnerships. In Q3 FY 2024, Cisco reported revenue of $12.7 billion, demonstrating resilience and adaptability in a dynamic market environment. The acquisition of Splunk, a leading data platform, further strengthens Cisco’s product portfolio and market position.

With a workforce of 80,000 employees across 90 countries, Cisco's global reach is vast. The company outsources its manufacturing but maintains a substantial sales and marketing team to drive global sales. Key partnerships with tech giants like NVIDIA further bolster Cisco's capabilities in AI and cybersecurity.

Overall, Cisco Systems, Inc. is a powerhouse in digital communications, continuously innovating to meet the evolving needs of its customers while maintaining a strong commitment to sustainability and corporate responsibility.

Rhea-AI Summary
Cisco announces Motific, a SaaS product designed to accelerate trustworthy generative AI (GenAI) deployments in organizations, reducing deployment times from months to days and providing controls for security, compliance, and cost. Motific aims to address the challenges faced by organizations in tailoring GenAI applications to their specific use cases, while also providing insights into operational and business metrics. The product is expected to be generally available by June 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
AI
-
Rhea-AI Summary
Cisco (NASDAQ: CSCO) has announced a series of innovative solutions on the Cisco Observability Platform, including Digital Experience Monitoring, observability for Kubernetes workloads, Unified Observability Experience, and Cisco AIOps for Full-Stack Observability. The enhancements aim to empower customers with better visibility, insights, and actions across domains, delivering secure and performant user and application experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary
Cisco has scheduled a conference call to announce its second quarter fiscal year 2024 financial results. The call will take place on February 14, 2024, and the financial results will be released after the close of the market. The earnings press release will be posted on Cisco's newsroom, and there will be options to listen via telephone or the internet. A replay of the conference call will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Hitachi Vantara, a subsidiary of Hitachi, Ltd., announced a new partnership with Cisco to introduce Hitachi EverFlex with Cisco Powered Hybrid Cloud, a suite of hybrid cloud services focused on addressing data management challenges for modern enterprises. The joint offering integrates automation solutions and predictive analytics to provide advanced infrastructure management, cost efficiency, and operational effectiveness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
Tags
none
-
Rhea-AI Summary
Cisco Systems Inc. launches Sustainability 101 blog series to educate on environmental sustainability topics. The blog aims to provide accessible information for those unfamiliar with sustainability concepts and practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
-
Rhea-AI Summary
Cisco, Microsoft, and Samsung announced new integrated video collaboration solutions for Cisco Room Series at Integrated Systems Europe (ISE) 2024. The partnership aims to deliver enhanced collaboration experiences for hybrid meetings, featuring Microsoft Teams Rooms with Front Row and Samsung's Smart Signage displays. The solutions promise immersive views, advanced AI-powered collaboration, simplified management and deployment, increased scalability, and seamless interoperability. The products are generally available today, with Cisco support for 21:9 displays available starting March 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
none
Rhea-AI Summary
Cisco Systems, Inc. (CSCO) has announced a strategic partnership with a leading cloud computing company to enhance its network infrastructure and security solutions. The collaboration aims to provide advanced cloud-based services and improve the overall performance of Cisco's networking products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
Tags
none
-
Rhea-AI Summary
Cisco launches Smart Agent for Cisco AppDynamics to simplify agent lifecycle management, automate application instrumentation, and improve operational efficiency. The Smart Agent automates the installation and upgrade of agents, speeds up compliance and upgrades, and provides valuable application performance and business insights at speed. The auto-deployment functionality will be generally available in CYQ2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
Tags
none
-
Rhea-AI Summary
GlobalMeet, a leading virtual event technology company, has appointed Kim Niederman as CEO. Niederman, a former president at 8x8 and executive at Polycom and Cisco, brings a wealth of experience in driving tech companies to success. The company aims to expand its influence and seize market opportunities in the digital events space under Niederman's leadership. Pivotal Group, the company's private equity sponsor, remains dedicated to finding qualified and passionate leaders to assist in this journey. Niederman's appointment is expected to reinforce GlobalMeet's brand as an innovative industry leader and create long-term value for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
Rhea-AI Summary
Cisco Systems Inc. was honored for topping the 2023 List of Companies That Care due to its employee culture of giving back. The company's multi-year journey to engage employees for positive impact resulted in significant increases in donations and volunteerism, leading to tangible benefits for Cisco. By leveraging business transformation, Cisco achieved an 81% employee participation rate in giving back. This resulted in a 176% increase in volunteer hours and a 150% increase in employee donations and matching. The company provided a total of $130 million to over 7,000 nonprofits over the past four years, leading to increased social impact and substantial business value. A longitudinal study conducted by Cisco's Research and Intelligence team revealed that employees who engaged in community impact actions had higher retention rates, bonuses, promotion odds, and recognition. The study also found that leaders who engaged in giving back had teams with higher rates of promotion and recognition, as well as 20% lower attrition rates. This demonstrates that doing good for the world is good for business, forming the foundation for building a purpose-driven employee culture at Cisco.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none

FAQ

What is the current stock price of Cisco Systems (CSCO)?

The current stock price of Cisco Systems (CSCO) is $57.46 as of November 15, 2024.

What is the market cap of Cisco Systems (CSCO)?

The market cap of Cisco Systems (CSCO) is approximately 233.6B.

What is Cisco Systems, Inc. known for?

Cisco is known for being the largest provider of networking equipment and one of the top software companies worldwide, specializing in networking hardware, software, and cybersecurity products.

Where is Cisco headquartered?

Cisco Systems, Inc. is headquartered in San Jose, California.

What are some recent achievements of Cisco?

Recent achievements include the launch of Cisco Hypershield for AI security, a $1B AI investment fund, and significant environmental protection initiatives through the Cisco Foundation.

How many employees does Cisco have?

Cisco employs approximately 80,000 people globally.

What is Cisco's approach to manufacturing?

Cisco primarily outsources its manufacturing to third parties while maintaining a strong sales and marketing presence.

What is Cisco Hypershield?

Cisco Hypershield is a revolutionary new security architecture designed to protect AI and other modern workloads across data centers, clouds, and physical locations.

What is the significance of Cisco's acquisition of Splunk?

The acquisition of Splunk strengthens Cisco’s product portfolio, especially in data analytics and security, contributing to future growth and market resilience.

How does Cisco contribute to sustainability?

Cisco contributes to sustainability through initiatives like the Cisco Foundation's projects in the Amazon Basin, focusing on environmental protection and sustainable development.

What are Cisco's key areas of innovation?

Cisco is focusing on AI, cybersecurity, networking, and observability tools, investing heavily in these areas to meet evolving customer needs.

What are Cisco's financial highlights for Q3 FY 2024?

In Q3 FY 2024, Cisco reported revenue of $12.7 billion, demonstrating strong financial performance amid a dynamic market environment.

Cisco Systems, Inc.

Nasdaq:CSCO

CSCO Rankings

CSCO Stock Data

233.58B
4.05B
0.06%
79.22%
1.43%
Communication Equipment
Computer Communications Equipment
Link
United States of America
SAN JOSE