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 has announced new innovations in Webex aimed at enhancing the hybrid work experience, including a partnership with Ford to create a mobile office. Webex Calling has reached 6 million users, highlighting the growing adoption of cloud calling solutions. Enhancements also include extending the Embedded App Framework to various devices, enabling seamless app integration, and reimagining workspaces with features that support flexible work styles. Additionally, Webex Events is partnering with CLEAR (NYSE: YOU) to streamline health protocols for hybrid events.
NetApp and Cisco unveiled FlexPod XCS, a platform enhancing hybrid cloud connectivity and automation for modern applications. FlexPod XCS integrates with leading cloud providers, offering operational flexibility through a pay-as-you-grow model. Key features include enhanced visibility via Cisco Intersight, comprehensive automation, and tailored cost structures. This innovation aims to streamline IT operations and modernize cloud services, reinforcing NetApp's and Cisco's commitment to delivering robust data management solutions.
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Cisco announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 10, 2022, at 1:50 p.m. PT. The session, featuring Shaila Shankar, Senior VP and GM of the Security Business Group, will be available for webcast. This event highlights Cisco's ongoing engagement with the financial community and its commitment to transparency. Interested parties can access the webcast through Cisco's Investor Relations website.
Cisco and Rakuten Symphony have announced a strategic agreement to enhance 4G/5G mobile networks based on Open RAN technology. Signed during the Mobile World Congress in Barcelona on February 28, 2022, this MoU aims to help global service providers modernize network architectures. The collaboration builds on a four-year partnership that developed the first fully virtualized, cloud-native network for Rakuten Mobile. Key components include Cisco's mobile and automation solutions and Rakuten Symphony's orchestration applications.
Cisco announced its Private 5G as-a-Service at Mobile World Congress, aimed at reducing risks for enterprises managing private networks. Collaborating with ORAN vendors like Airspan and JMA, Cisco is currently conducting customer trials. The service integrates with existing WLAN systems and offers a pay-as-you-use model, enhancing financial transparency. Significant projects span various sectors, including education and manufacturing, showcasing the potential of 5G, IoT, and analytics in driving productivity.
Cisco has launched advancements to its IoT portfolio at the Mobile World Congress, enhancing the IoT Control Center to simplify the management of LPWAN/4G/5G IoT connectivity for service providers. The platform now supports nearly 200 million devices across licensed cellular networks, helping to address emerging use cases and reduce management complexity. This subscription-based service enables operators and enterprises to drive new revenue streams in the Mass IoT market.
Cisco will host a Tech Talk with Raymond James on February 28, 2022, at 6:00 am PT to discuss its Internet for the Future Business, focusing on its partnership in 5G and IoT. The session, led by Jonathan Davidson, Executive Vice President, will not cover new financial information. The event will be broadcast from Mobile World Congress in Barcelona and will also be available for replay for one month. Interested parties can register and find more details on Cisco's Investor Relations website.
Cisco reported Q2 FY 2022 revenue of $12.7 billion, representing a 6% year-over-year growth, with net income of $3.0 billion and GAAP EPS of $0.71 (up 18%) and Non-GAAP EPS of $0.84 (up 6%). The company also saw a robust total Annualized Recurring Revenue (ARR) of $21.9 billion. A 3% dividend increase was announced alongside a $15 billion stock repurchase authorization. Outlook for Q3 indicates 3-5% revenue growth and GAAP EPS of $0.70-$0.74. FY 2022 revenue guidance is 5.5%-6.5% growth.
On February 15, 2022, Cisco partnered with the NFL to secure Super Bowl LVI, ensuring 100% uptime during the event. Utilizing its robust security solutions, including Cisco Secure Firewall and Talos threat intelligence, Cisco provided end-to-end visibility and protection. The collaboration led to the creation of a repeatable network security playbook for future NFL events. Cisco's expertise in securing large-scale operations highlights its crucial role in safeguarding mission-critical functions for such high-profile events.