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.
Randstad US has launched new partnerships via its TRANSCEND program with Cisco, TechBridge, and Urban Strategies, Inc. to enhance job opportunities for disadvantaged communities. The initiative aims to fill the skills gap projected to cost the U.S. economy $1.2 trillion over the next decade. Participants will receive training in fields like account management, financial services, and technology. Randstad aims to reskill 40,000 workers by year-end 2021, with the first cohort commencing training in March.
Cisco has expanded its AppDynamics Software-as-a-Service (SaaS) platform by launching five new locations: Cape Town, Hong Kong, London, São Paulo, and Singapore, enhancing its global reach built on Amazon Web Services. This expansion aims to address regional data residency regulations and provide secure access to full-stack observability solutions. With existing locations in Portland, Frankfurt, Mumbai, and Sydney, AppDynamics strengthens its position as a leading SaaS provider, enabling enterprises to meet growing user demands while ensuring data privacy and security compliance.
The Cisco Foundation has pledged $100 million over ten years to combat climate change. This funding will support nonprofit grants and impact investments focusing on technology-based climate solutions, community education, and green jobs. Cisco aims to enhance net zero and circular economies while reducing greenhouse gas emissions and fostering community engagement. The initiative aligns with Cisco's commitment to sustainability, aiming for 100% renewable energy and significant reductions in Scope 1 and 2 emissions by 2022.
Cisco Systems has been awarded the 2020 Global Enabling Technology Leadership Award by Frost & Sullivan for its Cyber Vision platform, which enhances cybersecurity across industrial control systems. The platform enables collaboration between IT and OT teams, offering comprehensive visibility into IoT/OT security and simplifying deployment through existing network infrastructure. Cyber Vision integrates with Cisco's security suite, enhancing threat detection and response capabilities. This recognition highlights Cisco's strong position in the ICS cybersecurity market.
Cisco's AppDynamics has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Application Performance Monitoring for the ninth consecutive year. This accolade highlights AppDynamics' success in addressing the growing demand for business analytics and cloud-native application monitoring, particularly amid the challenges posed by the COVID-19 pandemic. The company attributes its leadership position to innovations in its Business Observability platform, offering enhanced internet and SaaS monitoring, and continued global expansion. AppDynamics aims to provide enterprises with deep insights to improve digital experiences and drive business outcomes.
The NFL and Cisco (NASDAQ: CSCO) announced a multi-year partnership, designating Cisco as an Official Technology Partner. This collaboration aims to develop a Connected League platform, enhancing connectivity across the NFL with improved speed, intelligence, and security. Cisco's technology is already integrated into NFL stadiums, underpinning replay control and gameday operations. The partnership also includes Cisco's commitment to the NFL's Inspire Change initiative, promoting technology education and opportunities in underserved communities.
Cisco has been awarded the 2020 Global Enabling Technology Leadership Award by Frost & Sullivan for its Cyber Vision platform, which enhances cybersecurity for industrial control systems. This platform facilitates collaboration between IT and OT teams, offering a comprehensive view of IoT/OT security. Key features include integration with existing IT security tools, seamless deployment within industrial networks, and a consultative approach to improve cybersecurity strategy. Cyber Vision's installation within network devices reduces costs and simplifies management, making Cisco a strong player in the ICS cybersecurity market.
On March 31, 2021, Cisco announced enhancements to its Webex People Insights feature, set to launch this summer for select customers. This tool aims to promote personal well-being and improve collaboration in hybrid work environments by offering insights on meeting attendance, collaboration habits, and time management. With over 400 features released in the last six months, Webex continues to prioritize employee engagement and productivity. Cisco aims to create more inclusive work experiences, leveraging AI to support employees in managing their time and connections effectively.
Cisco (NASDAQ: CSCO) has unveiled an expanded Secure Access Service Edge (SASE) architecture aimed at simplifying networking and security operations. The new SASE offering allows organizations to purchase all components in a single package, facilitating an easy transition to a unified subscription model. Enhancements to the SecureX platform are also introduced, significantly reducing the time to detect and remediate security threats by up to 95%. These innovations address the rising challenges of remote work and security management, making it simpler for organizations to secure their networks and data.
Cisco hosted its annual Cisco Live! event on March 30, 2021, with over 100,000 attendees expected from 200+ countries. The digital format focuses on innovation and collaboration amidst ongoing hybrid work trends. CEO Chuck Robbins highlighted technological advancements aimed at enhancing connectivity, security, and automation for organizations. Significant announcements included the integration of ThousandEyes for enterprise observability, an expanded SASE architecture, and the introduction of Cisco Plus, a flexible solution-as-a-service.
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