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 Systems continues to impact global education through its Networking Academy, which has supported over 3 million learners annually in 190 countries. Celebrating its 25th anniversary, Cisco aims to train 25 million learners over the next decade in digital and cybersecurity skills. The program highlights the journey of Lynn Bloomer, Director of Business Operations, showcasing her commitment to empowering individuals through technology and education.
Student Freedom Initiative and Cisco have partnered to deploy wireless 5G internet service at Claflin University, enhancing connectivity for students, faculty, and the surrounding community. This initiative aims to address the broadband gap at historically underserved institutions, with 82% of HBCUs lacking adequate internet access. The program is expected to improve educational experiences and administrative efficiency, while also potentially serving local businesses and government entities.
The Indy Autonomous Challenge (IAC) announced Cisco and Luminar as premier sponsors for the Autonomous Challenge @ CES 2023, taking place on January 7 at Las Vegas Motor Speedway. This event will showcase nine teams competing to break autonomous racing records. Cisco is highlighted as a leader in technology, while Luminar focuses on making autonomous vehicles safer through innovative lidar technology. The challenge aims to push the boundaries of autonomous systems in transportation, demonstrating significant industry potential.
T-Mobile has partnered with Cisco to unveil a cloud-native 5G core gateway, enhancing its 5G and 4G services. This upgrade has resulted in a performance boost, with over a 10% improvement in speed and latency. The new gateway simplifies operations and accelerates service deployment, especially for 5G and IoT applications. T-Mobile's Extended Range 5G now covers 323 million people across 1.9 million square miles, with plans to expand Ultra Capacity 5G coverage to 300 million next year.
Cisco's Board of Directors has declared a quarterly cash dividend of $0.38 per common share, set for payment on January 25, 2023. This dividend will be distributed to all stockholders of record as of the close of business on January 5, 2023. The amount is consistent with the previous dividend paid on October 26, 2022. Future dividends will require Board approval.
JPIX partners with Cisco and Qwilt to enhance streaming in Japan by deploying the Edge Cloud for Content Delivery solution. This collaboration combines Qwilt’s open caching technology with Cisco’s edge infrastructure, improving the quality of live streaming and video-on-demand services. J-Stream, Japan's leading online video platform, will be among the first to utilize this solution. The partnership aims to optimize content delivery, increase capacity, and meet the growing demand for high-quality media experiences across Japan.
The Security Outcomes Report, Volume 3 by Cisco reveals that 62% of organizations faced security incidents affecting operations in the past two years. Key findings stress that 96% of executives prioritize security resilience, making it critical for business continuity. The report identifies seven success factors for achieving resilience, emphasizing executive support and a strong security culture. Companies employing advanced measures like Zero Trust and extended detection capabilities reported significant improvements in resilience scores, highlighting the importance of strategic security investments.
The inaugural season of UNDERRATED Golf, launched by Stephen Curry, concluded successfully with the Curry Cup on August 30, 2022, at TPC Harding Park, naming Ashley Shaw and Roman Solomon champions. This initiative, aimed at empowering underrepresented youth in golf, involved support from significant corporate partners, including CDW and Cisco, providing training and equipment to 136 junior golfers. The program also addresses gender equity in sports, focusing on educational opportunities and career-building courses through Curry's upcoming 'Curry Academy'.
Cisco (NASDAQ: CSCO) is set to hold its 2022 Virtual Annual Meeting of Stockholders on December 8, 2022, at 8:00 a.m. PST. This meeting will be accessible via audio webcast, featuring a participation opportunity for stockholders of record as of October 15, 2022. Attendees can vote and ask questions online. To join, visit here. A replay will also be available on Cisco's Investor Relations website. For further details, download the Annual Report and Proxy.
Cisco AppDynamics has launched new capabilities within AppDynamics Cloud designed to enhance observability for cloud-native applications in correlation with business context. This update will initially focus on applications running in AWS environments, enabling IT teams to address potential issues and optimize performance efficiently. A survey indicated that 71% of IT professionals recognize a need for improved observability in their organizations. These updates aim to streamline operations and enhance the value derived from AWS services.
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