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Featured Company News - Cisco Completes the Acquisition of Viptela; Set to Expand Its Intent-based Networking Portfolio

Research Desk Line-up: Silicom Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 3, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Cisco Systems, Inc. (NASDAQ: CSCO), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CSCO. The Company announced on August 01, 2017, that it has completed the acquisition of Viptela, Inc., a privately-held software-defined wide area network, based in San Jose. Viptela is set to expand the Company's SD-WAN portfolio with increased flexibility and simplicity delivered throughout the cloud. Cisco's new Intent-based networking solutions announced in June 2017, help businesses to unlock new opportunities, and solve previously unsolvable challenges in the decade of advanced connectivity and distributed technology. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Networking & Communication Devices industry. Pro-TD has currently selected Silicom Ltd (NASDAQ: SILC) for due-diligence and potential coverage as the Company reported on July 24, 2017, all-time record revenues for its Q2 2017 and six months which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Silicom when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CSCO; also brushing on SILC. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=CSCO

http://protraderdaily.com/optin/?symbol=SILC

The Announcement

Viptela delivers multiple SD-WAN solutions, with advanced routing, segmentation and security capabilities for interconnecting complex enterprise networks. The Company's cloud-based network management, orchestration, and overlay make it simple to deploy and manage SD-WAN. Cisco announced that it would commit significant engineering resources to bring the next-gen SD-WAN solutions based on Viptela's industry leading technology portfolio to the market. Cisco plans to join Viptela's cloud-first network management, orchestration, and overlay technologies with industry-leading enterprise routing platforms and solutions from the Company.

Intent-Based Networking- The Network of the Future

On June 20, 2017, Cisco unveiled the Intent-based networking solutions, through which the Company plans to change the fundamental blueprint of networking with relevant hardware and the most advanced software. The Intuitive network, according to the Company, is an intelligent, highly secure platform, powered by intent and informed by context.

Post the announcement on June 26, 2017, Cisco reported that its global ecosystem of customers, developers, and partners are content with the Company's vision for Intent-based Networking solutions. According to the Company, over 75 leading global enterprises and organizations are conducting early field trials with these next-gen networking solutions, including the likes of NASA and Wipro.

The Company views the Viptela's acquisition as a perfectly aligned step under its growth strategy where it plans to leverage SD-WAN solutions to deliver full-fledged solutions. Cisco announced that Viptela would join its enterprise networking engineering and sales teams to begin extending the Company's vision for intent-based networking across the WAN, campus, and brand.

Other Announcements

Cisco Systems G.K. announced on August 01, 2017, that Softbank Corp. has adopted the Cisco Network Convergence System 5500 Series, delivering high-density 100GE routing and Segment Routing Technology for optimizing network operations for its next-gen mobile IP core network. Softbank, according to the Company, had been considering upgrading and expanding its existing equipment housing mobile Internet traffic, to meet the demand for mobile traffic capacity, forecasted to increase at a rate of about 50% per annum.

On June 22, 2017, Cisco and NetApp (NASDAQ:NTAP) announced the expansion of their portfolio of the integrated infrastructure and certified reference systems with a new offering designed especially for emerging business challenges. Cisco announced that the new FlexPod SF solution extends the FlexPod technology portfolio that has been deployed by over 8,400 global customers and 1,100 partners that serve over 100 countries. The portfolio has generated a total of $8 billion in combined revenue across Cisco and NetApp to date.

Last Close Stock Review

On Wednesday, August 02, 2017, the stock closed the trading session at $31.52, slightly down 0.41% from its previous closing price of $31.65. A total volume of 15.84 million shares have exchanged hands. Cisco Systems' stock price advanced 0.61% in the last one month, 3.34% in the past six months, and 2.94% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 4.30%. The stock is trading at a PE ratio of 15.94 and has a dividend yield of 3.68%. The stock currently has a market cap of $157.85 billion.

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