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 been awarded the 2021 Global Market Leadership Award by Frost & Sullivan for its leadership in the global network firewall market. The recognition highlights Cisco's strategic vision to enhance multicloud security, providing enterprises with integrated security solutions to simplify policy management. Cisco's Secure Firewall, which includes evolving capabilities and integrates with the SecureX platform, aims to reduce costs and improve threat response times. With a focus on Zero Trust and Secure Access Service Edge (SASE), Cisco is well-positioned to leverage the growing need for robust security in hybrid environments.
The Cisco Board of Directors has declared a quarterly cash dividend of $0.37 per common share, scheduled for payment on October 27, 2021. This dividend will be distributed to stockholders of record as of October 5, 2021. The declared amount remains unchanged from the previous dividend, which was also $0.37 and paid on July 28, 2021. Future dividends will require Board approval.
Cisco has announced its commitment to achieving net zero greenhouse gas emissions by 2040, encompassing all scopes of emissions including product use, operations, and supply chain. The company aims to meet Scope 1 and Scope 2 emissions targets by 2025, with future targets for Scope 3 emissions to follow. This initiative is pivotal for Cisco's strategy to promote sustainability and reduce environmental impact.
The firm will report on its progress through its Corporate Social Responsibility Impact Report.
Cisco reported hosting a record 8 billion calls monthly via Webex, the highest among cloud calling providers. The company expanded its Cisco Calling Plans to the UK, bringing its coverage to over 65 countries. More than 39 million cloud calling users utilize Cisco's services, making it a leader in the industry. The latest innovations enhance customer experience with customizable PSTN solutions and improved integration, enabling faster provisioning. Major enterprises, including T-Mobile and Cigna Health, rely on Cisco for their communication needs.
Cisco will hold its Investor Day 2021 on September 15, 2021, starting at 8:00 a.m. PT and concluding around 12:30 p.m. PT. The virtual event will feature presentations from Cisco's executive leadership focusing on the company’s strategy, business transformation, and market opportunities. Participants can register and find more information on Cisco's Investor Relations website. An archived version of the event will be available within 24 hours post-event.
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.