Cisco Systems, Inc. - CSCO STOCK NEWS

Cisco and Rakuten Symphony have announced a strategic agreement to enhance 4G/5G mobile networks based on Open RAN technology. Signed during the Mobile World Congress in Barcelona on February 28, 2022, this MoU aims to help global service providers modernize network architectures. The collaboration builds on a four-year partnership that developed the first fully virtualized, cloud-native network for Rakuten Mobile. Key components include Cisco's mobile and automation solutions and Rakuten Symphony's orchestration applications.

Cisco announced its Private 5G as-a-Service at Mobile World Congress, aimed at reducing risks for enterprises managing private networks. Collaborating with ORAN vendors like Airspan and JMA, Cisco is currently conducting customer trials. The service integrates with existing WLAN systems and offers a pay-as-you-use model, enhancing financial transparency. Significant projects span various sectors, including education and manufacturing, showcasing the potential of 5G, IoT, and analytics in driving productivity.

Cisco has launched advancements to its IoT portfolio at the Mobile World Congress, enhancing the IoT Control Center to simplify the management of LPWAN/4G/5G IoT connectivity for service providers. The platform now supports nearly 200 million devices across licensed cellular networks, helping to address emerging use cases and reduce management complexity. This subscription-based service enables operators and enterprises to drive new revenue streams in the Mass IoT market.

Cisco will host a Tech Talk with Raymond James on February 28, 2022, at 6:00 am PT to discuss its Internet for the Future Business, focusing on its partnership in 5G and IoT. The session, led by Jonathan Davidson, Executive Vice President, will not cover new financial information. The event will be broadcast from Mobile World Congress in Barcelona and will also be available for replay for one month. Interested parties can register and find more details on Cisco's Investor Relations website.

Cisco reported Q2 FY 2022 revenue of $12.7 billion, representing a 6% year-over-year growth, with net income of $3.0 billion and GAAP EPS of $0.71 (up 18%) and Non-GAAP EPS of $0.84 (up 6%). The company also saw a robust total Annualized Recurring Revenue (ARR) of $21.9 billion. A 3% dividend increase was announced alongside a $15 billion stock repurchase authorization. Outlook for Q3 indicates 3-5% revenue growth and GAAP EPS of $0.70-$0.74. FY 2022 revenue guidance is 5.5%-6.5% growth.

On February 15, 2022, Cisco partnered with the NFL to secure Super Bowl LVI, ensuring 100% uptime during the event. Utilizing its robust security solutions, including Cisco Secure Firewall and Talos threat intelligence, Cisco provided end-to-end visibility and protection. The collaboration led to the creation of a repeatable network security playbook for future NFL events. Cisco's expertise in securing large-scale operations highlights its crucial role in safeguarding mission-critical functions for such high-profile events.

Cisco has launched new technologies to enhance hybrid work environments. Key offerings include the industry's first high-end Wi-Fi 6E access points, a Private 5G managed service, and the Catalyst 9000X series switches powered by Cisco Silicon One. These innovations aim to improve network performance and connectivity, essential for remote and on-site employees. Cisco's suite of platforms supports the transition to smart, sustainable workspaces and secure IoT deployments, enabling organizations to adapt to evolving technological demands.

Cisco is set to announce its Q2 fiscal 2022 financial results on February 16, 2022, during a conference call at 1:30 PM (PT) (4:30 PM ET). The results cover the period ending January 29, 2022. Financial details will be disclosed via PR Newswire after market close on the same day. Interested parties can access the call by telephone or through an audio broadcast on Cisco's investor website. A replay will be available from February 16 to February 23, 2022.

Cisco's 2022 Data Privacy Benchmark Study highlights that 90% of over 4,900 surveyed professionals consider privacy a business imperative. Organizations are increasing their privacy investments, estimating a 1.8x ROI on average, down from 1.9x last year. 83% of respondents view privacy legislation positively, though 88% report increased costs due to data localization requirements. The study reveals strong customer demand for transparency in data usage, particularly in AI, with 91% valuing external privacy certifications.