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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.
Cisco has announced its intent to acquire Kenna Security, a leader in risk-based vulnerability management, to enhance its security solutions and support customers in improving their security posture. The acquisition, expected to close in Cisco's fourth quarter of fiscal 2021, aims to integrate Kenna's advanced technology with Cisco's SecureX platform, enabling better threat detection and response. This strategic move addresses the growing complexity of cybersecurity, streamlining collaboration between security and IT teams while prioritizing vulnerabilities based on real-time intelligence.
Cisco (NASDAQ: CSCO) announced its intent to acquire Socio Labs, enhancing its Webex platform to better serve the growing demand for hybrid events. Socio Labs' technology will support live streaming, networking, and advanced analytics, providing a comprehensive solution for event organizers. This acquisition, expected to close in Q4 fiscal 2021, follows Cisco's purchase of Slido, further solidifying its position in the event management industry. Cisco's collaboration tools are already trusted by 95% of Fortune 500 companies, emphasizing the strategic importance of this move.
Cisco has announced a conference call for May 19, 2021, at 1:30 PM PT to discuss its Q3 fiscal year 2021 financial results for the period ending May 1, 2021. The financial results will be released after market close on the same day via PR Newswire. Investors can access the live audio broadcast and related materials online at Cisco's Investor Relations website. A replay of the call will be available from May 19 to May 26, 2021.
Cisco Webex (NASDAQ: CSCO) and Box (NYSE: BOX) have announced enhanced integrations aimed at improving secure cloud collaboration. Users will now be able to link Box folders directly within Webex messaging, allowing shared content to be securely stored in those folders. Furthermore, Webex has become a Recommended App within Box, enabling users to initiate meetings and share materials seamlessly. The updates build on their existing partnership to support hybrid work environments, enhancing user experience and ensuring content security.
Cisco announced its participation in the J.P. Morgan 49th Annual Global Technology, Media & Communication Conference on May 24, 2021. The presentation will be webcasted, allowing investors and interested parties to access it through Cisco's Investor Relations site. Jonathan Davidson, Sr. VP and General Manager of Cisco Mass-Scale Infrastructure, will represent the company. Cisco continues to position itself as a leader in technology that drives the Internet, focusing on innovation and infrastructure transformation.
Randstad US has launched new partnerships via its TRANSCEND program with Cisco, TechBridge, and Urban Strategies, Inc. to enhance job opportunities for disadvantaged communities. The initiative aims to fill the skills gap projected to cost the U.S. economy $1.2 trillion over the next decade. Participants will receive training in fields like account management, financial services, and technology. Randstad aims to reskill 40,000 workers by year-end 2021, with the first cohort commencing training in March.
Cisco has expanded its AppDynamics Software-as-a-Service (SaaS) platform by launching five new locations: Cape Town, Hong Kong, London, São Paulo, and Singapore, enhancing its global reach built on Amazon Web Services. This expansion aims to address regional data residency regulations and provide secure access to full-stack observability solutions. With existing locations in Portland, Frankfurt, Mumbai, and Sydney, AppDynamics strengthens its position as a leading SaaS provider, enabling enterprises to meet growing user demands while ensuring data privacy and security compliance.
The Cisco Foundation has pledged $100 million over ten years to combat climate change. This funding will support nonprofit grants and impact investments focusing on technology-based climate solutions, community education, and green jobs. Cisco aims to enhance net zero and circular economies while reducing greenhouse gas emissions and fostering community engagement. The initiative aligns with Cisco's commitment to sustainability, aiming for 100% renewable energy and significant reductions in Scope 1 and 2 emissions by 2022.
Cisco Systems has been awarded the 2020 Global Enabling Technology Leadership Award by Frost & Sullivan for its Cyber Vision platform, which enhances cybersecurity across industrial control systems. The platform enables collaboration between IT and OT teams, offering comprehensive visibility into IoT/OT security and simplifying deployment through existing network infrastructure. Cyber Vision integrates with Cisco's security suite, enhancing threat detection and response capabilities. This recognition highlights Cisco's strong position in the ICS cybersecurity market.
Cisco's AppDynamics has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Application Performance Monitoring for the ninth consecutive year. This accolade highlights AppDynamics' success in addressing the growing demand for business analytics and cloud-native application monitoring, particularly amid the challenges posed by the COVID-19 pandemic. The company attributes its leadership position to innovations in its Business Observability platform, offering enhanced internet and SaaS monitoring, and continued global expansion. AppDynamics aims to provide enterprises with deep insights to improve digital experiences and drive business outcomes.