Cisco Sys Inc Stock Price, News & Analysis

Cisco (NASDAQ: CSCO) has launched new software-delivered solutions aimed at simplifying IT operations across multicloud environments. These innovations include Cisco Intersight, designed for hybrid cloud management, Cisco Nexus Dashboard for multicloud network operations, and enhancements to Cisco Identity Services Engine (ISE) for zero-trust network access. The new solutions aim to empower businesses to achieve greater agility and efficiency in a rapidly evolving technological landscape while promoting faster application delivery.

Cisco Security unveiled new enhancements aimed at improving security portfolio efficiency amid evolving threats. Innovations include Extended Detection and Response (XDR), Zero Trust, and Secure Access Services Edge (SASE). The SecureX platform, gaining over 1,000 new customers monthly since its launch, boasts a 95% reduction in threat detection time and an 85% decrease in remediation time. Additionally, Cisco has streamlined product names by 50% to simplify customer experience and optimize security operations. These developments position Cisco as a leader in integrated cybersecurity solutions.

Cisco has unveiled new solutions, including Webex Legislate and Connected Justice, to support government operations during the Covid-19 pandemic. These tools enable remote legislative and judicial functions, allowing government bodies to maintain essential services safely. The Webex Legislate solution offers secure video conferencing tailored for legislative needs, enhancing participation and procedural integrity. Additionally, Cisco's expanded Public Funding Office aims to assist institutions in accessing stimulus funding. The initiative highlights Cisco's commitment to facilitating business continuity and efficiency in public governance.

Cisco's recent surveys reveal critical insights about the challenges and opportunities in the shift to a cloud-first, remote-working environment. Key findings include that 85% of organizations deem cybersecurity more important than pre-COVID-19, with 62% facing secure access challenges. Consumer skepticism about data privacy remains high, with 60% concerned about remote tool privacy. Organizations are encouraged to enhance data security and transparency, addressing the concerns raised by both employees and consumers to build trust as remote work becomes the norm.

Cisco has launched its new Catalyst 8000 Edge Platform, a Wide Area Networking (WAN) edge solution aimed at improving secure and automated access to applications across various environments. This platform supports cloud adoption and offers flexible connectivity options, including Cisco Cellular Gateways for 5G connectivity. Adventist Health System plans to utilize this platform to enhance real-time application connectivity across its facilities. The Catalyst series includes multiple models optimized for different use cases, enhancing visibility and performance in network management.

On Oct. 7, 2020, Internet2 announced a strategic alliance with Cisco to enhance the U.S. research and education infrastructure. This agreement aims to establish a national R&E network with 400 Gbps capacity and on-demand cloud connectivity, significantly reducing carbon emissions by 668 metric tons annually. Cisco's technology, including the 8200 series routing platform, will support diverse research initiatives and improve network performance by utilizing advanced software orchestration.

Cisco has announced new Webex innovations aimed at enhancing remote and in-office work experiences. A global survey found that 95% of employees are uncomfortable returning to the office due to the ongoing health crisis. Key updates include improved video meeting features, new environmental sensors, and the Webex Room Navigator for smarter meeting management. These innovations are designed to optimize workspace utilization and ensure safety as companies prepare for a hybrid work model. Cisco's goal is to create a collaboration experience that is significantly better than in-person meetings.

Cisco announced the completion of its acquisition of BabbleLabs, aimed at enhancing video meeting experiences through advanced noise removal and speech enhancement technology. This AI-driven technology, currently in customer trials, is set for general availability for Webex Meetings and select Webex Room devices in October. The integration is expected to deliver superior audio quality for users, contributing to a smarter and more productive experience on the Webex platform.

Cisco will host a conference call on October 5, 2020, at 8:00 am PT featuring speakers Gee Rittenhouse and Rakesh Chopra to discuss next-generation security and silicon architectures. The event will be moderated by Paul Silverstein from Cowen. A webcast will be available, with a replay accessible one month later. Participants can find details on Cisco's Investor Relations website. Notably, no financial information will be disclosed during the call.