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. 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.
SAN JOSE, Calif., March 22, 2021 – Cisco's Accelerating Digital Agility Research highlights the core priorities for IT success, with a focus on security, collaboration, and the cloud. Key findings reveal that 56% of IT decision makers are investing in cloud applications and network security, while 89% prioritize maintaining security across distributed workforces. Additionally, 73% have adopted 'as a Service' solutions to enhance user experience. The survey reflects a global perspective, gathering insights from over 23,000 IT leaders across 34 markets.
Cisco appointed Marianna Tessel to its board of directors effective March 5, 2021. Tessel brings extensive leadership experience in technology and software, previously serving as CTO at Intuit and holding key positions at Docker and VMware. Her appointment expands Cisco's board to 11 members. Tessel's background in software solutions is expected to align with Cisco's strategy for enhancing customer support as businesses navigate digital transformations.
Cisco announced the preview launch of a new real-time translation feature for Webex, allowing translations from English to over 100 languages. This innovation aims to enhance collaboration in a global workforce, eliminating language barriers. Existing support expanded from 10+ languages to a wide range including Arabic, French, and Spanish. The feature also offers businesses significant cost savings, replacing third-party translation services, which average $172 per meeting. The full rollout is expected in May 2021.
Cisco has successfully completed its acquisition of Acacia Communications for $4.5 billion, following approval from Acacia's shareholders. The acquisition, priced at $115.00 per share, aims to bolster Cisco's Internet for the Future strategy by enhancing its coherent optical solutions. Cisco is committed to supporting Acacia's existing and future customers, which are crucial for meeting the growing demand for data across webscale companies, service providers, and data centers. Acacia will now operate under Cisco's Optics business.
Cisco will participate in the 2021 Morgan Stanley Technology, Media and Telecom Investor Conference on March 3, 2021, at 2:00 p.m. PT. The session, featuring Todd Nightingale, Senior VP and GM of Enterprise Networking and Cloud, will be webcasted for interested parties. Details can be found on Cisco's Investor Relations website. Cisco, a leader in technology that powers the Internet, continues to engage with the financial community to discuss its strategic direction and innovations.
AppDynamics, a Cisco company, released its global research study titled Agents of Transformation 2021: The Rise of Full-Stack Observability, highlighting the impact of rapid digital transformation due to COVID-19. The study shows a 3X acceleration in digital projects, with 89% of technologists feeling under pressure. Key challenges include technology sprawl (78%) and disconnected monitoring solutions (74%). The report emphasizes the need for full-stack observability to link IT performance with business outcomes, with 92% of respondents deeming this linkage crucial for innovation.
Cisco has been recognized as the 2020 Asia-Pacific Email Security Vendor of the Year by Frost & Sullivan, holding a 16.8% market share in the region. Its success is attributed to its comprehensive email security solutions, particularly the Cisco Email Security product, which effectively blocks and detects threats. Cisco's Talos threat intelligence enhances its offerings by providing critical insights into cyber threats, and its data loss prevention features ensure compliance with regulations. The award highlights Cisco's customer focus and continuous evolution in the email security market.
Cisco has successfully completed the acquisition of IMImobile PLC for approximately $730 million, paying 595 pence per share. This acquisition enhances Cisco's Webex Contact Center, allowing for a comprehensive Customer Experience as a Service (CXaaS) offering. IMImobile's cloud communications solutions will enable businesses to provide seamless interactions with customers across multiple digital channels, meeting rising customer expectations for better experiences.
Cisco reported Q2 FY 2021 results with revenue remaining flat at $12.0 billion, year-over-year. GAAP earnings per share (EPS) decreased by 12% to $0.60, while non-GAAP EPS rose 3% to $0.79. The company saw a 1% increase in total product orders and a 3% dividend increase. Q3 guidance anticipates 3.5% to 5.5% revenue growth y/y and GAAP EPS of $0.64 to $0.69. Despite challenges, Cisco's transformation towards software and subscription services continues, with 76% of software revenue now derived from subscriptions.
Cisco has launched Secure Application, an innovative solution designed to simplify vulnerability management and enhance application security. Co-developed with the Cisco Security team, this tool integrates security and application insights, promising reduced alert fatigue and automatic breach prevention. With applications migrating to cloud-native environments, organizations can now manage vulnerabilities more effectively during production. This offering supports enterprise IT teams in securing applications without compromising performance, ultimately safeguarding customer trust and brand reputation.