Cisco Sys Inc Stock Price, News & Analysis

On August 24, 2022, GLO Pharma announced the appointment of Brent Saunders to its Board of Directors, expanding the board to six members. Saunders, currently Executive Chairman of The Beauty Health Company, brings extensive leadership experience in biopharma and medical aesthetics, having previously held CEO roles at Allergan and Forest Laboratories. His expertise is expected to bolster GLO Pharma's strategy as it enhances its consumer brand, Ourself, which launched in February 2022 with $40M in funding. Chairman Scott Glenn emphasized Saunders' pivotal role in company innovation.

Cisco has declared a quarterly cash dividend of $0.38 per common share, set to be paid on October 26, 2022. Shareholders of record as of October 5, 2022 will receive this dividend. This follows a previous dividend of $0.38 paid on July 27, 2022. Future dividends will require Board approval.

Cisco concluded fiscal 2022 with Q4 revenue of $13.1 billion, flat year-over-year, and full-year revenue of $51.6 billion, up 3%. Q4 GAAP EPS was $0.68, down 4% year-over-year. However, non-GAAP EPS was $0.83, down 1%. Cisco recorded a strong demand with record product orders and backlog, leading to a total Annualized Recurring Revenue (ARR) of $22.9 billion, up 8% year-over-year. Guidance for Q1 FY 2023 indicates 2% to 4% revenue growth, while FY 2023 guidance projects 4% to 6% growth.

Cisco has been awarded the 2022 Global Secure Web Gateway Enabling Technology Leadership Award by Frost & Sullivan for its innovative Cisco Umbrella Secure Internet Gateway. This solution provides cloud-delivered security, integrating multiple security functions into a single platform. Cisco boasts a 10.4% market share in the secure web gateway market, showcasing significant growth and innovation in a competitive landscape. The award acknowledges Cisco's continuous improvements, essential for organizations adopting Secure Access Service Edge (SASE) security approaches.

Cisco will host a webcast with Loop Capital on August 24, 2022, featuring Bill Gartner, SVP and GM of Optical Systems and Optics Group. The discussion will focus on Cisco's optical strategy and market dynamics. The event will be available for replay one month post-event on Cisco's Investor Relations website. Notably, no new financial information will be disclosed during this call.

Cisco is set to announce its fourth quarter and fiscal year 2022 financial results on August 17, 2022, following the market close. The scheduled conference call will take place at 1:30 PM PT (4:30 PM ET). Investors and stakeholders can access the financial results through PR Newswire and on Cisco's newsroom. A telephone playback of the conference call will be available from 4:00 PM PT on August 17 until August 24. The event can also be listened to via the internet.

Cisco and Qwilt have partnered to launch a cutting-edge content delivery solution across Kinetic by Windstream's North American network. This deployment enhances streaming performance and significantly increases capacity for live and on-demand content, leveraging Cisco's edge compute infrastructure and Qwilt's Open Edge Cloud. The partnership aims to address the surging demand for streamed content while establishing a telco cloud foundation for future applications. This initiative supports Kinetic's goal of delivering high-speed, reliable media services to its customers.

Cisco has announced its participation in the Deutsche Bank 2022 Technology Conference on August 31, 2022, at 9:00 a.m. PT. The session will be webcast and can be accessed via Cisco's Investor Relations website. This event is part of Cisco's ongoing engagement with the financial community, aimed at showcasing its technological leadership and innovations. By continuing to share insights into its strategic direction, Cisco reinforces its commitment to transparency and investor relations.