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 and Jefferies will host a webcast on Human Capital Management for the financial community on July 28, 2022, at 8:00 a.m. PT (11:00 a.m. ET). Fran Katsoudas, Cisco's Chief People Officer, will discuss the company's initiatives in human capital and corporate culture, emphasizing their role in creating shareholder value. Interested parties can access more details on Cisco's Investor Relations website and find additional information in the company's ESG Reporting Hub.
Cisco AppDynamics released its Agents of Transformation 2022 report, highlighting a new class of technology leaders post-pandemic. The report indicates that 74% of respondents feel their careers have accelerated, yet only 10% achieve elite 'Agents of Transformation' status. Many technology leaders face rising complexity, with 66% finding it harder to meet transformation demands. Key insights include a strong need for enhanced application security and observability to navigate digital transformation challenges.
Cisco has launched Panoptica and Calisti, innovative additions to its suite of cloud-native, API-first solutions aimed at enhancing application development cycles. Announced at Cisco Live, these products facilitate modern application connectivity, security, and observability. They empower developers to manage distributed architectures across hybrid and multi-cloud systems. Additionally, Cisco is deepening its commitment to open-source projects, aiming to accelerate innovation within the developer community.
Cisco (NASDAQ: CSCO) partners with musician Pharrell Williams' non-profit, YELLOW, to enhance education through technology at YELLOWHAB, a tuition-free microschool in Norfolk, Virginia. Cisco's technology, including Webex Suite and Secure X, will empower underserved youth, emphasizing a competency-based curriculum in entrepreneurship, arts, and STEM. The partnership aims to bridge the digital divide and ensure equitable access to learning tools for historically marginalized communities. Both leaders stress the importance of technology in preparing students for future job markets.
Bluescape has partnered with Webex to launch Bluescape for Webex, enhancing collaboration for remote and hybrid teams. Announced at Cisco Live, this integration offers a superior meeting experience by allowing users to incorporate a Bluescape workspace into Webex meetings. Teams can share high-fidelity content securely, boosting productivity through real-time and asynchronous collaboration. This app requires both Webex and Bluescape accounts, which can be accessed easily to revolutionize operations.
Cisco announced innovations in cloud-managed networking at Cisco Live on June 14, 2022, focusing on simplifying IT operations and enhancing user experiences. Key developments include Cloud Management for Cisco Catalyst, enabling integration with the Meraki dashboard for better visibility, and the new Cisco Nexus Cloud for managing cloud networking efficiently. Additionally, ThousandEyes WAN Insights will help customers proactively manage their WAN performance, marking a major step towards Cisco's predictive networking vision.
Cisco has introduced AppDynamics Cloud, a cloud-native observability platform designed to enhance digital experiences across complex, distributed architectures. Launched at Cisco Live on June 14, 2022, this platform enables IT teams to swiftly detect and resolve performance issues by utilizing telemetry data to provide actionable insights. It ensures investment protection through integrations with OpenTelemetry™ and partners with cloud providers. AppDynamics Cloud will be commercially available starting June 28, supporting cloud-native environments on AWS and extending to other platforms.
Cisco launched its first hybrid Cisco Live 2022, showcasing new innovations across networking, security, and collaboration with an expected 15,000 attendees. CEO Chuck Robbins highlighted the importance of digital transformation. Key announcements include cloud management capabilities and the industry's first hybrid work phone, Cisco Video Phone 8875. The event features talks by Pharrell Williams and Mindy Kaling, alongside technological previews such as autonomous vehicle demonstrations, innovative workspace tools, and advanced video messaging solutions.
Cisco and Ford announced a discussion during the Cisco Live event about the digital transformation in the automotive industry. Cisco's CEO Chuck Robbins and Ford's CEO Jim Farley will explore topics such as electrification and connected vehicles. Ford has seen a 222% increase in electric vehicle sales, significantly outpacing the industry growth. The partnership aims to utilize Cisco's technology to enhance vehicle connectivity and customer experiences. Furthermore, Ford is investing $50 billion by 2026 to advance electric and connected vehicle capabilities.
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