Welcome to our dedicated page for Cisco Sys news (Ticker: CSCO), a resource for investors and traders seeking the latest updates and insights on Cisco Sys stock.
Cisco Systems, Inc. (NASDAQ: CSCO) regularly issues news and updates that highlight its role as a worldwide technology leader in networking, security, collaboration and observability, with a strong emphasis on the AI era. The CSCO news feed on Stock Titan aggregates these announcements so readers can follow how the company presents its strategy, technology developments and corporate actions over time.
Recent Cisco news releases focus heavily on artificial intelligence and digital infrastructure. Cisco has announced an AI Summit that brings together leaders involved in building the AI economy, reflecting its interest in AI’s impact on compute, infrastructure, design, the workforce and geopolitics. The company also reports on collaborations and investments across the AI landscape, such as its investment in spatial intelligence startup World Labs and a planned joint venture with AMD and HUMAIN to deliver large-scale AI infrastructure.
Cisco’s news also covers cybersecurity and digital resilience, including updates from Splunk, a Cisco company that focuses on security information and event management and security analytics. Additional releases discuss research on AI adoption and digital well-being conducted with the Organisation for Economic Cooperation and Development, highlighting generational and geographic divides in AI usage and the importance of digital skills and well-being.
Investors and followers of CSCO can use this news page to review Cisco’s earnings announcements, participation in financial conferences, annual meeting information, partnerships, research initiatives and product or infrastructure-related updates. By reading Cisco’s own disclosures in one place, users can better understand how the company describes its position in networking, security and AI, and how those themes evolve across time.
Cisco's Board of Directors has declared a quarterly cash dividend of $0.38 per common share, scheduled for payment on July 27, 2022. This dividend will benefit stockholders of record as of July 6, 2022. The upcoming dividend is consistent with the previous dividend amount, reflecting Cisco's commitment to returning income to shareholders. It serves as a positive indicator of the company's financial health and shareholder confidence.
Cisco has introduced its strategic vision for the Cisco Security Cloud, a comprehensive and open security platform for hybrid multi-cloud environments. This platform aims to provide seamless integration, ensuring resilience and connectivity for organizations of all sizes. Key innovations include continuous trusted access, a unified Secure Access Service Edge (SASE) solution, and custom threat research through Talos Intel On-Demand. The initiatives underscore Cisco's commitment to enhancing security amidst the evolving threat landscape.
Cisco will participate in several financial conferences in June 2022, including the Bank of America Securities 2022 Global Technology Conference on June 8 and the Nasdaq Investor Conference on June 14. These events will be accessible via webcasts on Cisco's Investor Relations website. Key executives, including Liz Centoni and Scott Herren, will represent the company during these sessions, which aim to engage with the financial community and share strategic insights. For more details, visit investor.cisco.com.
Cisco reported Q3 FY 2022 results with $12.8 billion in revenue, flat year-over-year. GAAP EPS increased by 7% to $0.73, while Non-GAAP EPS rose 5% to $0.87. Product orders grew 8% year-over-year, indicating strong demand, with Annualized Recurring Revenue (ARR) at $22.4 billion, up 11%. However, Q4 guidance anticipates a revenue decline of (1)% to (5.5)% year-over-year and GAAP EPS between $0.60 to $0.70. The ongoing impacts of Covid and geopolitical tensions were noted as challenges.
Cisco has announced a conference call on May 18, 2022, at 1:30 PM PT to discuss its Q3 FY2022 financial results for the period ending April 30, 2022. The financial results will be released after market close via PR Newswire. Investors can listen to the call by phone or online at investor.cisco.com. A replay will be available from 4:00 PM PT on the same day until May 25, 2022.
Cisco has unveiled predictive networking technology, enabling IT teams to foresee application issues effectively. After two years of development and customer trials, this technology enhances network reliability and user experience. Cisco plans to integrate these predictive capabilities into its SaaS offerings, making them accessible to businesses of all sizes. As organizations face increasing network demands, this innovation aims to prevent costly disruptions and ensure optimal performance, critical for maintaining customer satisfaction and productivity in the digital era.
Cisco will participate in the J.P. Morgan 50th Annual Global Technology, Media & Communication Conference on May 23, 2022, at 12:10 p.m. PT. The session will be webcasted, with access available on Cisco's Investor Relations website. This event underscores Cisco's ongoing engagement with the financial community and aims to provide insights into its business strategy and market position. Interested parties can find more information on Cisco's Investor Relations page.
Relay Robotics, Inc. announces a successful $10 million Series A financing and has acquired Savioke, enhancing its robotic service offerings. Michael O'Donnell has been appointed as Chairman & CEO, with Savioke's co-founder, Steve Cousins, becoming CTO. The Relay robots, deployed at major hotels and healthcare facilities, aim to leverage the growing hospitality market projected to reach $6.7 trillion by 2026. Relay Robotics focuses on integrating AI to address labor shortages in service industries while enhancing operational efficiencies.
Comcast Business has expanded its partnership with Cisco to include Cisco SD-WAN powered by Viptela, enhancing its managed SD-WAN solutions portfolio. This collaboration aims to provide enterprise customers with comprehensive global secure networking options, addressing evolving cybersecurity needs driven by new work models post-pandemic. The service facilitates simplified network management and supports hybrid work environments, integrating advanced security features like SASE and zero trust. This expansion positions Comcast Business to better serve enterprises' unique infrastructural requirements.
Duke University, DISH Wireless, and Cisco have announced a collaboration to launch a neutral host network pilot aimed at higher education institutions, utilizing Citizens Broadband Radio Service (CBRS) shared spectrum.
This initiative allows schools to establish private LTE and 5G networks, enhancing connectivity for mobile and fixed wireless access. The pilot, slated for summer 2022, aims to provide a reliable wireless infrastructure across campus. The collaboration is part of Internet2's efforts to improve wireless technologies in higher education, focusing on transformative connectivity solutions.