Cisco Sys Inc Stock Price, News & Analysis

Cisco announced its participation in the Goldman Sachs Technology and Internet Conference 2021, scheduled for February 10, 2021, at 5:00 a.m. PT / 8:00 a.m. ET. The session will be webcast live, and interested parties can access it via Cisco's Investor Relations website. CEO Chuck Robbins will represent the company during the event, which aims to engage with the financial community and discuss key business developments.

Cisco has announced a conference call scheduled for February 9, 2021, at 1:30 PM PT to discuss its second quarter fiscal year 2021 financial results. The results for the period ending January 23, 2021 will be released via PR Newswire after market close on the same day. The earnings press release will be available on Cisco's website. Investors can listen to the call through telephone or internet, with a replay available from February 9 to February 16.

Cisco's 2021 Data Privacy Benchmark Study reveals significant privacy concerns arising from the pandemic, reflecting a global shift towards remote work. Key findings include that 60% of organizations felt unprepared for privacy requirements, while 93% sought guidance from their privacy teams. Many businesses now view privacy as a fundamental human right, with over 140 jurisdictions passing privacy laws. Additionally, 75% of organizations recognize substantial business value in privacy investments, contributing to enhanced security and consumer trust.

Cisco has announced an amended merger agreement to acquire Acacia Communications for $115 per share, totaling approximately $4.5 billion in cash. This acquisition aims to strengthen Cisco's 'Internet for the Future' strategy by enhancing its coherent optical solutions. The deal is expected to close by the end of Q1 2021, pending stockholder approval. Cisco is committed to supporting Acacia's existing and new customers, integrating its teams to offer advanced optical technology solutions.

Cisco (NASDAQ: CSCO) is seeking confirmation from the Delaware Court of Chancery regarding the closing conditions for its acquisition of Acacia Communications (NASDAQ: ACIA). This includes confirmation that all necessary conditions, including approval from China's State Administration for Market Regulation (SAMR), have been met. As of January 7, 2021, Cisco received notification from SAMR that its submission addresses relevant competition concerns. Cisco also seeks a court order to require Acacia to proceed with the transaction.

Cisco has appointed John D. Harris II to its board of directors as of January 7, 2021. Harris brings over 30 years of experience in technology and has previously held significant roles at Raytheon, where he led global business operations. Cisco's CEO, Chuck Robbins, noted that Harris's leadership will enhance Cisco's strategy and strengthen customer relationships as they advance digital agility. Harris's extensive background in managing large-scale global businesses is expected to positively impact Cisco's future direction.

Cisco (NASDAQ: CSCO) has declared a quarterly cash dividend of $0.36 per common share, payable on January 20, 2021, to shareholders of record as of January 5, 2021. This announcement mirrors the previous quarterly dividend amount, which was also $0.36 and paid on October 21, 2020. Future dividends are subject to Board approval, maintaining a consistent return for its investors.

On December 8, 2020, Cisco unveiled significant updates to Webex, enhancing collaboration with over 50 new features. Key innovations include real-time transcription, enhanced video layouts, and AI-powered insights tailored for teams and individuals. The announcement coincides with Cisco's intent to acquire IMImobile and Slido, aiming to embed omnichannel engagement into customer experiences. Cisco emphasizes a vision for a hybrid work environment, asserting that the new features will help organizations achieve a seamless blend of remote and onsite interactions.

Cisco announced at WebexOne on December 8, 2020, the launch of three new collaboration devices: Webex Desk Camera, Webex Desk Hub, and Webex Desk. These devices aim to support hybrid work environments by enhancing productivity for remote and office workers. The Webex Desk Camera features AI capabilities and a gesture-based microphone control, while the Webex Desk Hub facilitates personalized hotdesking. The Webex Desk provides immersive presentation features and is designed for easy setup and use.