Cisco Systems, Inc. - CSCO STOCK NEWS

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.

Cisco's Kenna Security released findings revealing 20,130 software vulnerabilities reported in 2021, with only 4% categorized as high risk. The research demonstrates that prioritizing high-risk vulnerabilities can reduce an organization’s exploitability score by up to 29 times. Utilizing Twitter mentions for software fixes is shown to be twice as effective as the traditional CVSS scoring system. The report suggests that nearly all IT assets have exploitable vulnerabilities, pointing out the need for a shift in focus from CVSS to exploitability for effective vulnerability management.

Internet2 has successfully transitioned its research and education network to a new fifth-generation backbone, enhancing capacity and efficiency. This upgrade features optical layers capable of supporting up to 32 terabits per segment and 8-16 petabits per second of port capacity. The network aims to reduce power consumption by 70% and supports vast data movement needs, having transferred over 2.75 exabytes in 2021. The initiative, carried out with key partners including Cisco and Ciena, promotes easier workflow for scientific collaboration while adapting to challenges posed by the ongoing pandemic.

Lockheed Martin (LMT), Amazon (AMZN), and Cisco (CSCO) are collaborating to integrate advanced human-machine interface technologies into NASA's Orion spacecraft for the Artemis I mission. This partnership aims to demonstrate how astronauts can leverage voice technology, AI, and video collaboration in deep space. The Callisto demonstration will feature Amazon Alexa and Webex technologies, enabling improved communication and operational efficiency during missions. Scheduled for early 2022, Artemis I will test these capabilities, potentially benefiting future crewed missions and engaging the public in space exploration.