Cisco Sys Inc Stock Price, News & Analysis

Cisco reported strong Q4 FY 2021 results with a revenue of $13.1 billion, up 8% year-over-year. Full-year revenue reached $49.8 billion, marking a 1% increase. Q4 GAAP EPS was $0.71, a 15% rise, while non-GAAP EPS stood at $0.84, up 5%. The company also saw 31% growth in product orders, the highest in over a decade. Guidance for Q1 FY 2022 indicates revenue growth of 7.5% to 9.5% and GAAP EPS of $0.61 to $0.66.

Cisco has announced a conference call scheduled for August 18, 2021, at 1:30 PM PT to discuss its Q4 and fiscal year 2021 financial results, ending July 31, 2021. The call will cover key financial metrics and performance indicators, with results released via PR Newswire after market close. Investors can listen via telephone or the Cisco Investor Relations website. A replay will be available from August 18 to August 25, 2021.

Cisco (NASDAQ: CSCO) has launched Vidcast, an asynchronous video messaging platform designed to enhance productivity in hybrid work environments. This innovative tool allows users to create and share short video messages, mitigating the challenges posed by time zone differences. Vidcast is the first offering from Cisco's new accelerator program, Webex Leap, aiming to rapidly develop innovative solutions for remote collaboration. The platform includes features like video recording, real-time feedback, and advanced navigation tools. A waitlist for beta testing is currently open.

Cisco and AppDynamics have released findings from the App Attention Index revealing a dramatic increase in consumer reliance on digital services since the COVID-19 pandemic. Over 13,000 consumers globally reported a 30% increase in app usage. Expectations for digital performance have escalated, with 76% of users expecting better service. If these expectations are unmet, 60% place the blame on the brand. The report indicates a shift in consumer loyalty towards brands that invested in digital experiences during the pandemic, underscoring the necessity for flawless application performance.

Cisco (NASDAQ: CSCO) has completed the acquisition of Socio Labs, Inc., enhancing its Webex portfolio with a modern event technology platform for hybrid events. This acquisition aims to provide event organizers a comprehensive tool for managing virtual, in-person, and hybrid conferences, offering features like customizable registration, actionable attendee data, and dynamic engagement strategies. Cisco's executive team emphasizes that this move aligns with their commitment to creating inclusive experiences for all attendees and reflects their strategy to adapt to evolving customer needs.

Cisco has finalized its acquisition of Kenna Security, a leader in risk-based vulnerability management. This strategic move aims to enhance Cisco's security offerings by integrating Kenna's platform with Cisco's SecureX, enabling quicker identification of cybersecurity threats. The combination is expected to streamline collaboration among security teams, automate threat detection, and reduce compliance friction. Executives from both companies emphasize the acquisition's potential to transform cybersecurity management.

Cisco will host a webcast with Oppenheimer on June 24, 2021, at 8:00 AM PT to discuss its collaboration business and competitive advantages. The call features Jeetu Patel, Senior VP and General Manager of Security and Collaboration, with Ittai Kidron as moderator. No new financial information will be disclosed during the event. Interested parties can access the webcast and subsequent replay on Cisco's Investor Relations website.

Cisco will host a webcast with Evercore ISI on June 22, 2021, at 9:00 am PT to discuss its optical strategy and portfolio evolution. Bill Gartner, Senior Vice President and General Manager of Cisco's Optical Systems and Optics Group, will lead the discussion. No new financial information will be disclosed during the call. Interested parties can access the event and a replay via Cisco's Investor Relations website.