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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.

News

Cisco: Building Inclusive AI Will Accelerate Innovation

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Cisco Systems Inc. announces Mary Fernandez as the global lead for disability and neuro-inclusion, aiming to enhance diversity and inclusion in the company. Fernandez will focus on implementing strategies to support employees with disabilities and neurodiversity, fostering a more inclusive work environment.
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Windstream Wholesale and Cisco Further Unlock the Potential of Coherent Optics with the Industry's First 1Tbps Wavelength Over 1,100 Kilometers

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Windstream Wholesale and Cisco announced the successful transmission of a 1 terabit per second (Tbps) wavelength over a 1,100-kilometer link across multiple routes on Windstream’s Intelligent Converged Optical Network (ICON). This achievement was enabled by the Cisco NCS 1014 C-Band 2.4T WDM Transponder Line Card with Acacia’s Coherent Interconnect Module (CIM) 8. The successful trial deployments demonstrate the industry's first 1.2Tbps faceplate pluggable coherent solution and reinforce Windstream's 800G wave strategy. The collaboration between Windstream Wholesale, Cisco, and Acacia has resulted in numerous successful milestones, showcasing the commitment to technology leadership and networking expertise.
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The Cisco Foundation: Investing in Africa's Clean Energy Transition

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Cisco Foundation announces a $100 million Climate Commitment to invest in early-stage climate ventures in Africa, including SHYFT Power Solutions and Jaza Energy, to address the critical energy shortfall in sub-Saharan Africa. The focus on distributed energy resources and solar mini grids is seen as a catalyst for inclusive growth and digital innovation.
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Cisco and OECD Launch Pioneering Research Initiative on Digital Well-being

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Cisco (NASDAQ: CSCO) is collaborating with the OECD WISE Centre to develop an interactive knowledge hub to understand how technology affects well-being and inclusion. The initiative aims to address the digital divide and promote responsible use of technology in a global digital economy. The collaboration seeks to examine the positive and negative impacts of digital transformation on people's lives and work.
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Cisco and New Street Research to Host a Tech Talk on Silicon One and AI

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Cisco Systems, Inc. (CSCO) to Host Webcast on Next Gen Networking at Scale for AI & ML with Silicon One. The event will feature Eyal Dagan, EVP, Common Hardware Group, and Rakesh Chopra, Cisco Fellow, Common Hardware Group, and will be moderated by Pierre Ferragu, Managing Partner, New Street Research. The webcast will take place on Wednesday, January 17, 2024, at 8:00 am PT / 11:00 am ET. No new financial information will be discussed on this conference call.
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Healthy Forests: Tribal Forestry and Science Innovations for Disaster Reduction

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Cisco Systems Inc. (CSCO) announces a partnership with Vibrant Planet Data Commons, aiming to reduce the risk and severity of wildfires while speeding the pace of forest restoration. VP Data Commons seeks to transform forest management by combining high-quality data packages with real-world stories from the forests, with a particular focus on illustrating the benefits of Indigenous forest practices. The partnership aims to provide innovative solutions to collect and share data, and to support and prioritize Tribal land management to mitigate devastating wildfires and restore forests.
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Partnering for Sustainability: Cisco's Collaborative Approach

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Cisco Systems Inc. (CSCO) aims to achieve net-zero status by 2040 through sustainability-focused programs, such as the Environmental Sustainability Specialization, Takeback & Reuse Program, Cisco Refresh, and Cisco Green Pay.
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Cisco: The Power of Purpose

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Cisco Systems Inc. (CSCO) released its annual Purpose Report, reflecting the progress made towards Powering an Inclusive Future for All. The report highlights the achievement of positively impacting 1 billion lives, a year ahead of schedule. It explores the theme, The Power of Purpose, emphasizing the interconnected and interdependent nature of global challenges and the need for purpose to address complex issues. The report also looks ahead, emphasizing the importance of pursuing Purpose in a multipolar world and the need for a global mindset in driving economic initiatives.
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Cisco’s Green Team Network: How to Be More Sustainable During the Holidays

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Cisco Systems Inc. (CSCO) announces plans for holiday season promotions and special events
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Cisco to Acquire Isovalent to Define the Future of Multicloud Networking and Security

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Cisco (NASDAQ: CSCO) announced the intent to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds. The acquisition will build on the Cisco Security Cloud vision, an AI-driven, cloud delivered, integrated security platform for organizations of any shape and size.
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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.

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Cisco Systems, Inc.

Nasdaq:CSCO

CSCO Rankings

#36 Ranked by Market Cap
#1123 Ranked by Dividends

CSCO Stock Data

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