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.
Cisco (NASDAQ: CSCO) has unveiled new Wi-Fi 7 access points featuring AI-native capabilities, enhanced security, and smart workspace solutions. The new offering includes self-configuring access points with global use detection and location awareness, integrated with the Cisco Spaces platform for smart workplace transformation. A unified subscription licensing model provides flexible management across cloud, on-premises, and hybrid networks. The system features advanced threat detection, AI-native device profiling, and ThousandEyes integration for performance optimization. The Wi-Fi 7 access points will be available to order in November 2024 with shipping scheduled for December 2024.
Cisco and the OECD have launched the Digital Well-being Hub, a pioneering research initiative to study technology's comprehensive impact on human well-being. The project aims to examine the relationship between digital technologies and factors including life satisfaction, mental health, AI tools, digital skills, and cyber safety.
The study reveals that 40% of adults in OECD countries lack basic digital skills, while over half of workers worry about AI-related bias. The Hub will collect crowdsourced insights and combine them with OECD data to create the world's first holistic view of digital well-being, with findings expected in 2025.
Cisco Systems emphasizes the importance of neurodiversity in the tech workforce, particularly as AI transforms the industry. The company highlights how neurodivergent individuals, especially those with dyslexia, bring valuable skills like enhanced problem-solving, creativity, and pattern recognition. Cisco is implementing initiatives to support neurodivergent talent, including panel discussions on dyslexia, engagement through their Connected Disability Action Network (CDAN), and partnership with Inclusively platform. The company argues that as AI takes over routine tasks, human-centric skills where neurodivergent individuals excel become increasingly valuable.
ePlus (NASDAQ: PLUS) has received five prestigious awards at the 2024 Cisco Partner Summit, including Global and Americas Mass Scale Infrastructure Partner of the Year. The company was recognized for its excellence in building future-ready infrastructure supporting AI innovation through its AI Ignite initiative.
The awards acknowledge ePlus's expertise in developing mass-scale internet infrastructure, AI-optimized data centers, and scalable solutions with enhanced security. The company's achievements include engineering large-scale networks for service providers, enterprises, and education networks, while ensuring energy efficiency through Cisco's Silicon One architecture.
Other awards received include U.S. East Collaboration Partner of the Year, U.S. East Software Partner of the Year, and U.S. Northeast Partner of the Year.
Cisco Systems partners with Code.org, a nonprofit organization focused on expanding computer science education accessibility. The partnership supports Code.org's mission of providing free online coding courses and teacher training. The initiative has shown particular success in Native American communities, exemplified by Lance West's elementary school in Walker River Reservation, Nevada. Code.org developed a culturally relevant 'Star Quilt' module to engage Native American students, who historically face educational challenges. The organization is also working to integrate AI education in classrooms through TeachAI.org, addressing the growing importance of computer science in today's digital landscape.
C Spire has been awarded Service Provider of the Year and Regional Partner of the Year: Southeast Operation at Cisco Partner Summit 2024. These prestigious awards recognize C Spire's excellence in delivering innovative technology solutions and customer service. Drake Cushing, General Manager of C Spire Business, emphasized their commitment to providing transformative technology solutions through their partnership with Cisco. The awards were selected by a committee of Cisco executives from Global and Regional Partner Sales Organizations, highlighting C Spire's outstanding performance in the USA Central Area.
Cisco Systems announces the creation of a new Social Impact and Inclusion Office, merging its Diversity, Equity, and Inclusion (DEI) and Social Impact teams. This restructuring aims to simplify operations and enhance innovation in addressing social challenges. The company reports significant achievements, including surpassing its ten-year goal to positively impact one billion lives and achieving over 86% employee participation in giving back initiatives in FY24, with 700,000+ volunteer hours and $30M+ in employee donations and matching gifts. The new office will focus on Digital Inclusion, Economic Empowerment, DEI, Social Justice, and Critical Human Needs.
NTT DATA has achieved remarkable recognition at Cisco Partner Summit 2024, winning three prestigious Global Partner of the Year Awards and 37 additional awards. The company was named Enterprise Partner of the Year, APJC Partner of the Year, and EMEA Partner of the Year. These awards span across Cisco's portfolio, including Networking, Security, Collaboration, Observability, Data Center, Customer Experience, and Cloud Infrastructure.
The awards recognize NTT DATA's excellence in delivering transformative edge-to-cloud solutions and lifecycle services, demonstrating their commitment to empowering clients' digital transformation initiatives. The theme 'Forward as One' at the summit highlighted the power of partnership and shared success between Cisco and its partners.
World Wide Technology (WWT) has been awarded the Global Collaboration Partner of the Year and Webex Global Partner of the Year at the Cisco Partner Summit 2024. These prestigious recognitions highlight WWT's excellence in delivering innovative solutions and digital experiences. The company received a total of 15 honors, including multiple regional awards across Americas, EMEA, and APJC regions.
The awards span various categories including Data Center, Public Sector, Enterprise, and Federal Defense partnerships. Bob Olwig, EVP of Global Partner Alliances at WWT, emphasized their 25-year partnership with Cisco and commitment to delivering transformative solutions. Cisco's SVP Rodney Clark praised WWT's outstanding global accomplishments under the summit theme 'Forward as One'.
Softchoice has been awarded Cisco Canada's Commercial Impact Partner of the Year at Cisco Partner Summit 2024. The award recognizes Softchoice's excellence in serving commercial customers across Canada. As one of Cisco Canada's largest commercial partners, Softchoice holds both Gold Integrator and Gold Provider designations, reflecting their 20+ year partnership. The company previously won Cisco Canada's Application Resiliency Partner of the Year award in 2023 for their work with Cisco Intersight, ThousandEyes, and AppDynamics solutions.
FAQ
What is the current stock price of Cisco Systems (CSCO)?
What is the market cap of Cisco Systems (CSCO)?
What is Cisco Systems, Inc. known for?
Where is Cisco headquartered?
What are some recent achievements of Cisco?
How many employees does Cisco have?
What is Cisco's approach to manufacturing?
What is Cisco Hypershield?
What is the significance of Cisco's acquisition of Splunk?
How does Cisco contribute to sustainability?
What are Cisco's key areas of innovation?
What are Cisco's financial highlights for Q3 FY 2024?
