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 announced its participation in several financial conferences in November 2020, including the RBC Capital Markets Global Technology Conference on November 18 and the Credit Suisse 24th Annual Technology Conference on November 30. These events will be webcasted, allowing interested stakeholders to access them via Cisco's Investor Relations website. Leading the discussions are Cisco executives Scott Harrell and Jonathan Davidson, focusing on the company's advancements in networking technologies.
Cisco has announced the launch of its AppDynamics Software-as-a-Service (SaaS) offering in Asia, specifically in India. This move allows customers to access AppDynamics solutions via a local cloud, enhancing their ability to drive digital transformations. The new service addresses data sovereignty concerns, particularly with the anticipated Personal Data Protection Bill 2019 in India. This addition becomes the fourth SaaS region for AppDynamics, following offerings in Australia, Germany, and the US, affirming the company's ongoing commitment to the Asian market.
Cisco has announced a conference call on November 12, 2020, at 1:30 PM PT, to discuss its Q1 FY2021 financial results, covering the period ending on October 24, 2020. The earnings release will be distributed via PR Newswire after market close on the same day. Interested parties can listen via telephone or the internet, with options for live and replay audio available. The conference call will offer insights into Cisco's performance and initiatives.
Cisco Security unveiled new enhancements aimed at improving security portfolio efficiency amid evolving threats. Innovations include Extended Detection and Response (XDR), Zero Trust, and Secure Access Services Edge (SASE). The SecureX platform, gaining over 1,000 new customers monthly since its launch, boasts a 95% reduction in threat detection time and an 85% decrease in remediation time. Additionally, Cisco has streamlined product names by 50% to simplify customer experience and optimize security operations. These developments position Cisco as a leader in integrated cybersecurity solutions.
Cisco has unveiled new solutions, including Webex Legislate and Connected Justice, to support government operations during the Covid-19 pandemic. These tools enable remote legislative and judicial functions, allowing government bodies to maintain essential services safely. The Webex Legislate solution offers secure video conferencing tailored for legislative needs, enhancing participation and procedural integrity. Additionally, Cisco's expanded Public Funding Office aims to assist institutions in accessing stimulus funding. The initiative highlights Cisco's commitment to facilitating business continuity and efficiency in public governance.
Cisco (NASDAQ: CSCO) has launched new software-delivered solutions aimed at simplifying IT operations across multicloud environments. These innovations include Cisco Intersight, designed for hybrid cloud management, Cisco Nexus Dashboard for multicloud network operations, and enhancements to Cisco Identity Services Engine (ISE) for zero-trust network access. The new solutions aim to empower businesses to achieve greater agility and efficiency in a rapidly evolving technological landscape while promoting faster application delivery.
Cisco's recent surveys reveal critical insights about the challenges and opportunities in the shift to a cloud-first, remote-working environment. Key findings include that 85% of organizations deem cybersecurity more important than pre-COVID-19, with 62% facing secure access challenges. Consumer skepticism about data privacy remains high, with 60% concerned about remote tool privacy. Organizations are encouraged to enhance data security and transparency, addressing the concerns raised by both employees and consumers to build trust as remote work becomes the norm.
Cisco has launched its new Catalyst 8000 Edge Platform, a Wide Area Networking (WAN) edge solution aimed at improving secure and automated access to applications across various environments. This platform supports cloud adoption and offers flexible connectivity options, including Cisco Cellular Gateways for 5G connectivity. Adventist Health System plans to utilize this platform to enhance real-time application connectivity across its facilities. The Catalyst series includes multiple models optimized for different use cases, enhancing visibility and performance in network management.
On Oct. 7, 2020, Internet2 announced a strategic alliance with Cisco to enhance the U.S. research and education infrastructure. This agreement aims to establish a national R&E network with 400 Gbps capacity and on-demand cloud connectivity, significantly reducing carbon emissions by 668 metric tons annually. Cisco's technology, including the 8200 series routing platform, will support diverse research initiatives and improve network performance by utilizing advanced software orchestration.
Cisco has announced new Webex innovations aimed at enhancing remote and in-office work experiences. A global survey found that 95% of employees are uncomfortable returning to the office due to the ongoing health crisis. Key updates include improved video meeting features, new environmental sensors, and the Webex Room Navigator for smarter meeting management. These innovations are designed to optimize workspace utilization and ensure safety as companies prepare for a hybrid work model. Cisco's goal is to create a collaboration experience that is significantly better than in-person meetings.
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