Cisco Sys Inc Stock Price, News & Analysis

Cisco announced a quarterly cash dividend of $0.36 per common share, payable on October 21, 2020, to shareholders on record as of the close of business on October 2, 2020. This dividend matches the previous quarterly payment made on July 22, 2020. The declaration reflects Cisco's commitment to returning capital to shareholders while remaining subject to future Board approval.

The 2020 Small Business Digital Maturity Study, commissioned by Cisco, reveals that small businesses could contribute $2.3 trillion to global GDP by 2024, driven by digitalization efforts accelerated by the COVID-19 pandemic. Approximately 70% of businesses are enhancing digital capabilities to navigate changes and improve revenue resilience. The study indicates that small businesses in North America and Western Europe are more digitally advanced, with only 25% achieving the highest maturity stage. Key challenges include cashflow issues and a skills shortage, underscoring the necessity of technology adoption for survival.

Cisco announced its participation in several financial community conferences in September 2020. The events include the Citi 2020 Global Technology Conference on September 10, featuring Jonathan Davidson, and the JP Morgan U.S. All Stars Conference on September 16, with Wendy Mars. Webcasts for sessions can be accessed via Cisco's Investor Relations website. This engagement showcases Cisco's ongoing commitment to transparency and investor relations amidst its leadership in Internet technology.

Cisco announced its intent to acquire BabbleLabs, enhancing its Webex platform with advanced AI-driven noise removal and speech enhancement technology. This acquisition aims to improve video meeting experiences by minimizing distractions from background noise, thus promoting user productivity. The integration will uphold Cisco's commitment to customer privacy and security by processing noise removal at the source. The deal is expected to close in Q1 of Cisco's FY21, pending regulatory approvals. Cisco's Collaboration platform is trusted by 95% of the Fortune 500.

On August 19, 2020, Cisco announced a multi-year partnership with Riot Games, becoming the Official Enterprise Networking Partner for League of Legends Esports. This collaboration aims to enhance network performance by 200% during the 2020 World Championships and facilitate the construction of Remote Broadcast Centers (RBCs) globally. Cisco's technology will support competitive integrity and improve gameplay performance, enabling pro players to achieve sub-1ms ping. The initiative is expected to boost the esports broadcasting experience for fans worldwide.

Cisco reported Q4 FY 2020 results with revenue of $12.2 billion, a 9% decline year over year. Net income on a GAAP basis was $2.6 billion with GAAP EPS at $0.62, a 22% increase from the previous year. However, non-GAAP EPS decreased 4% to $0.80. For the fiscal year, total revenue was $49.3 billion, a 5% decrease, with GAAP EPS growing 1% year over year. Looking ahead, guidance for Q1 FY 2021 indicates a revenue decline of 9% to 11% year over year, with EPS expected between $0.41 to $0.47.

Cisco (NASDAQ: CSCO) has completed the acquisition of ThousandEyes, enhancing its internet and cloud intelligence capabilities. This strategic move allows Cisco to provide customers with comprehensive visibility into network and application performance over the internet and cloud. ThousandEyes' platform enables organizations to identify and address deficiencies in their digital application delivery. Cisco plans to integrate these capabilities across its Enterprise Networking, Cloud, and AppDynamics portfolios to improve overall service delivery.

Cisco has announced a conference call on August 12, 2020, at 1:30 PM (PT) to discuss its Q4 and FY2020 financial results, ending July 25, 2020. The financial results will be released after the market closes. Investors can access the call via telephone or online at Cisco's Investor Relations website. A telephone playback will be available from 4:00 PM (PT) on August 12 through August 19. Cisco continues to lead in technology for a global and inclusive future.

Cisco Systems (NASDAQ: CSCO) and Acacia Communications (NASDAQ: ACIA) announced ongoing communication with China's State Administration for Market Regulation (SAMR) regarding the regulatory review of their pending acquisition. Cisco remains optimistic about receiving clearance, which is the final regulatory hurdle, having already secured approvals in the U.S., Germany, and Austria. The closing of the acquisition is anticipated shortly after regulatory conditions are met, with both companies expressing excitement about the growth opportunities this merger will bring.