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. reports developments across enterprise networking, security, collaboration, observability and AI infrastructure. Company news commonly covers quarterly earnings schedules, investor conference participation, new security and networking products, AI deployment architectures, industrial and wireless research, and governance updates such as board appointments.
Recent updates also highlight Cisco's work on AI security, Secure AI Factory with NVIDIA, quantum networking research through the Cisco Universal Quantum Switch, and reports on operational technology, wireless networks and cybersecurity readiness.
Internet2 has successfully transitioned its research and education network to a new fifth-generation backbone, enhancing capacity and efficiency. This upgrade features optical layers capable of supporting up to 32 terabits per segment and 8-16 petabits per second of port capacity. The network aims to reduce power consumption by 70% and supports vast data movement needs, having transferred over 2.75 exabytes in 2021. The initiative, carried out with key partners including Cisco and Ciena, promotes easier workflow for scientific collaboration while adapting to challenges posed by the ongoing pandemic.
Lockheed Martin (LMT), Amazon (AMZN), and Cisco (CSCO) are collaborating to integrate advanced human-machine interface technologies into NASA's Orion spacecraft for the Artemis I mission. This partnership aims to demonstrate how astronauts can leverage voice technology, AI, and video collaboration in deep space. The Callisto demonstration will feature Amazon Alexa and Webex technologies, enabling improved communication and operational efficiency during missions. Scheduled for early 2022, Artemis I will test these capabilities, potentially benefiting future crewed missions and engaging the public in space exploration.
Softchoice (TSX: SFTC) has achieved the Cisco Advanced Customer Experience (CX) Specialization, making it one of only two Cisco partners in North America with this recognition. This specialization highlights Softchoice's capability to enhance customer success across the entire lifecycle of Cisco solutions. The company emphasizes its focus on advanced technical competencies and customer-centric strategies. Additionally, Softchoice’s Enterprise Lifecycle Management service aids organizations in efficiently managing licensing, reducing compliance risks, and maximizing technology investments.
The Cisco Board of Directors has declared a quarterly cash dividend of $0.37 per common share, set to be paid on January 26, 2022. This payment is for all stockholders of record as of January 5, 2022. The latest dividend matches the previous amount of $0.37 paid on October 27, 2021. Future dividends will require Board approval.
Cisco's latest cybersecurity report, Security Outcomes Study Volume 2, surveyed over 5,100 professionals across 27 markets to identify effective security measures. Key findings highlight that organizations regularly testing their security are 2.5 times more likely to maintain resiliency. Additionally, those using integrated technology experience a 40% improvement in threat detection. The report emphasizes the importance of investing in cloud-based architectures and automation to enhance security operations and recovery capabilities amid evolving threats.
Cisco (NASDAQ: CSCO) will hold its 2021 Virtual Annual Meeting of Stockholders on December 13, 2021, at 8:00 a.m. PST. Participants, including Chair and CEO Chuck Robbins, can join via audio webcast. Only stockholders of record as of October 15, 2021, are eligible to vote and ask questions online during the meeting.
Stockholders can access the meeting here. A replay will be available on the Cisco Investor Relations website.
Cisco has announced its participation in several key conferences in December 2021 aimed at engaging with the financial community. The events include the Raymond James Technology Investors Conference and the UBS Global TMT Virtual Conference on December 6, followed by the Barclays Global Technology, Media and Telecommunications Conference on December 8. Webcasts of these sessions will be available on Cisco's Investor Relations website.
Cisco, a global leader in technology, will participate in the Wells Fargo Virtual 5th Annual TMT Summit on November 30, 2021, at 9:40 a.m. PT. Senior Vice President Kip Compton will present during this financial community event, which will be available for webcast. Investors can access the session through Cisco's Investor Relations website. This engagement highlights Cisco's commitment to transparency and communication with its stakeholders.
Cisco reported Q1 FY 2022 results with revenue of $12.9 billion, marking an 8% increase year over year. GAAP EPS rose 37% to $0.70, while Non-GAAP EPS grew 8% to $0.82. Strong demand was noted with 33% growth in total product orders. The company achieved a total annualized recurring revenue of $21.6 billion, a 10% increase year over year. Cisco forecasts Q2 FY 2022 revenue growth between 4.5% and 6.5% and maintains FY 2022 guidance at 5% to 7%.
AT&T has expanded its global managed Secure Access Service Edge (SASE) portfolio, introducing a new offering, AT&T SASE with Cisco. This solution integrates SD-WAN technology and security features to enhance cloud-based application utilization. It aims to meet evolving business connectivity demands, amid increased remote work and complex security needs. Available immediately, this service offers optimized network performance and centralized management for organizations, particularly in sensitive sectors like healthcare, by ensuring secure data access.