Cisco Sys Inc Stock Price, News & Analysis

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.

Cisco (CSCO) has launched an all-new Webex Suite aimed at enhancing hybrid work collaboration. The suite integrates over 800 features and devices introduced since September 2020, offering a comprehensive solution that combines meetings, calling, messaging, polling, and events at 40% lower cost than a-la-carte options. The integration of Slido and upcoming Socio tools aims to enhance audience engagement for hybrid events. CEO Chuck Robbins emphasized the importance of this offering as organizations adapt to ongoing changes in work culture.

Cisco and AT&T have partnered to enhance cloud communications for enterprise clients, particularly in adapting to a hybrid workforce. Over the next five years, they aim to provide up to 1 million users access to the UCMC platform via Webex Calling. This collaboration promises 99.99% uptime, facilitating rapid feature updates. Cisco’s solutions aim to streamline operations for businesses navigating the transition to hybrid work, leveraging AT&T’s robust network capabilities. Both companies emphasize the importance of integrating cloud, collaboration, and security technologies to meet evolving business needs.

Cisco (NASDAQ: CSCO) announced a quarterly cash dividend of $0.37 per common share, scheduled for payment on July 28, 2021. Shareholders of record as of the close of business on July 6, 2021 will receive this dividend. This amount is consistent with its previous dividend paid on April 28, 2021. Future dividends will be subject to board approval. Cisco remains a leader in technology that powers the internet, continuously working to enhance infrastructure and empower teams globally.