CSCO - Cisco Systems, Inc.
| Previous Close | 44.28 |
| Open | 44.54 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 27000 |
| Day's Range | 44.43 - 45.77 |
| 52 Week Range | 40.25 - 58.26 |
| Volume | 27,073,511 |
| Avg. Volume | 19,321,115 |
| Market Cap | 200B |
| Beta (5Y Monthly) | 1.20 |
| PE Ratio (TTM) | 18.17 |
| EPS (TTM) | 2.51 |
| Earnings Date | Feb 12, 2020 |
| Forward Dividend & Yield | 1.40 (3.07%) |
| Ex-Dividend Date | 2020-01-02 |
| 1y Target Est | 52.12 |
- Financial Times
Why Cisco’s OpenRoaming could transform access to WiFi
The remote Orkney Islands off northeastern Scotland may seem an unlikely frontier for the future of connectivity, but alongside the Canary Wharf business district in London, they are one of just two testing grounds for a new technology that promises to streamline access to the internet. OpenRoaming, which has been developed by US network equipment maker Cisco, allows users to connect automatically to trusted WiFi providers without ever having to go through a login process, mirroring the kind of seamless connections that users take for granted as they move around mobile networks with their smartphones. Combined with the latest generation of wireless WiFi 6 tech and 5G phone coverage, the potential for superfast, uninterrupted internet access is huge.
- GuruFocus.com
US Indexes Close Higher Thursday With China Trade Developments
President Trump likely to sign limited trade agreement before Sunday Continue reading...
- MarketWatch
Dow's 225-point climb highlighted by gains for Cisco, JPMorgan Chase shares
DOW UPDATE Led by strong returns for shares of Cisco and JPMorgan Chase, the Dow Jones Industrial Average is climbing Thursday afternoon. The Dow (DJIA) was most recently trading 227 points, or 0.8%, higher, as shares of Cisco (CSCO) and JPMorgan Chase (JPM) are contributing to the index's intraday rally.
- MarketWatch
Dow climbs 150 points on gains in Cisco, JPMorgan Chase shares
DOW UPDATE Shares of Cisco and JPMorgan Chase are seeing strong returns Thursday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of Cisco (CSCO) and JPMorgan Chase (JPM) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 152 points, or 0.
- Barrons.com
Ciena Missed Earnings Forecasts. Here’s Why Its Stock Is Surging.
Revenue at the optical networking company was higher than expected, but per-share profit fell short.
- Benzinga
Cramer Gives His Opinion On Synopsys, Cisco And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said Synopsys, Inc. (NASDAQ: SNPS ) is a buy. He thinks the company is doing better than the stock indicates. Lockheed Martin Corporation (NYSE: ...
- Investor's Business Daily
Dow Jones Today Jumps Ahead Of White House China Trade Meeting; Starbucks Rumbles, These 4 Blue Chips In Buy Range
Starbucks staked out an early lead, as the Dow Jones today led the stock market higher ahead of a White House meeting on China trade issues.
- MarketWatch
Dow jumps 150 points on gains for Caterpillar, Cisco shares
DOW UPDATE Powered by positive growth for shares of Caterpillar and Cisco, the Dow Jones Industrial Average is up Thursday morning. The Dow (DJIA) was most recently trading 153 points (0.6%) higher, as shares of Caterpillar (CAT) and Cisco (CSCO) are contributing to the blue-chip gauge's intraday rally.
- Zacks
Cisco Enters Chip Market: Should AVGO, INTC, ANET Take Note?
Cisco (CSCO) ups its game in networking chip market with Silicon One Q100, putting Broadcom, Intel, Arista Networks, and Juniper Networks at risk.
- American City Business Journals
CEO Chuck Robbins: Silicon launch is biggest company news in years
Cisco's "Internet for the Future" launch is a massive development for the company, CEO Chuck Robbins told the Business Journal.
- TheStreet.com
[video]Cisco's Bold Strategy Change Could Boost its Cloud Exposure
In a challenge to Broadcom and others, Cisco plans to sell a new switching/routing processor and license its routing software to other hardware makers.
- Bloomberg
SoftBank Vision Fund’s Praveen Akkiraju Is Stepping Down
(Bloomberg) -- SoftBank Vision Fund managing partner Praveen Akkiraju is stepping down from the behemoth investment vehicle to explore working with early stage startups in either an operational or investment role.Akkiraju joined SoftBank in April 2018 and was previously the chief executive officer of Viptela, a cloud software company that was acquired by Cisco Systems Inc. His departure was confirmed by a Vision Fund spokeswoman.Axios earlier reported Akkiraju’s exit. The outlet noted that Deep Nishar, a senior managing partner, will assume many of Akkiraju’s responsibilities including his board seat at Automation Anywhere. SoftBank’s Vision Fund invested $300 million in the San Jose, California-based robotic process automation company last November.SoftBank has raised roughly $2 billion for its second Vision Fund so it can start making new investments, people familiar with the matter said last month.Akkiraju’s departure follows the resignation of London-based Vision Fund partner David Thevenon.Akkiraju didn’t immediately respond to a request for comment.(Updates with second Vision Fund details. A previous version of this story corrected the size of first fund in story link.)To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Robin Ajello, Jillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Cisco Enters Chip Market, Supplying Microsoft, Facebook
(Bloomberg) -- Cisco Systems Inc. has started supplying switch chips to major data-center operators, including Microsoft Corp. and Facebook Inc., opening up a new avenue to win orders from some of its largest networking-equipment customers.Cisco Silicon 1 is a switch semiconductor that’s already being used by Microsoft and Facebook in crucial networking equipment, the companies said Wednesday at an event in San Francisco. San Jose, California-based Cisco is now offering the chips, which it says are the fastest in the industry, to all of its customers, regardless of whether they buy its networking machinery. Previously Cisco’s chips were only available as components of its machines.The shift toward standalone chip sales is another departure from the business model that made Cisco one of the biggest companies in the technology industry. Cisco’s expensive proprietary combinations of hardware and software make up the backbone of much of the internet and corporate networks, and these products generate the bulk of the company’s revenue. The new initiative has the potential to attract business from customers who want to build their own machines instead of buying whole packages. It also puts Cisco in direct competition with its suppliers, Intel Corp. and Broadcom Inc., which also make switch chips that the networking equipment maker uses in some of its products.“From today -- and this is something that some of you never thought we’d do -- some of our customers will buy our silicon and build their own products if that’s what they choose to do,” Chief Executive Officer Chuck Robbins said at the event. “We really want our customers to consume this technology in any way they want.”As the internet infrastructure business moves away from suppliers who provide all the needs through locked-down combinations of hardware and software, Robbins has been pushing Cisco to adapt by becoming a bigger supplier of networking services and software. On his watch, software has risen to provide about 11% of revenue. Hardware still generates more than half of sales.Cisco shares rose less than 1% to $44.24 at 2:02 p.m. in New York. The stock gained 1.8% this year through Tuesday’s close.The move into selling components is an attempt to win orders from the hyperscalers, such as Microsoft, Google and Amazon.com Inc.’s AWS, a group that has increasingly turned away from Cisco’s offerings and equipped their data centers with computers and networking gear designed in house. Those big cloud-computing vendors contribute as little as 2% of Cisco’s total sales, according to Raymond James analyst Simon Leopold.Switch chips perform the crucial function of deciding where packets of data should go in a network of computers. They are designed to handle that task at great speed, and only a few companies have been successful in the market. Broadcom is the biggest provider of this type of chip as an individual component and has as much as 80% share, Leopold said. Intel took a bigger interest in the market in June when it bought startup Barefoot Networks.Cisco’s new offering will combine the attributes of both switch and routing chips, the company said. It’ll be able to move data very quickly and still be programmable, carrying the ability to have its function changed. Routing, directing traffic among networks, is typically conducted by groups of chips that bring other attributes but are unable to direct data fast enough for modern internet traffic loads. One chip providing all of the functions will simplify the operation of networks by eliminating the need for different layers of software, Cisco executives said.Offering up what was previously guarded as a proprietary advantage shows a flexibility at Cisco that has been increasing as Robbins works to transform the company. Analysts predict the build-it-yourself approach to networking, pioneered by the large cloud-service operators, over time will be copied by companies looking to reduce the cost of their data-center spending. That corporate market is one of Cisco’s biggest sources of revenue.Cisco’s equipment, including its chips, is designed by the company and manufactured by a third party, which it hasn’t identified.The company also announced a new router machine at the event, designed to better serve as the backbone for new fifth generation, or 5G, cellular networks. The Cisco 8000 will be based on the new chip. The company also unveiled plans for products that will support faster data transmission speeds over fiber-optic cables. Like the rest of the networking industry, Cisco is positioning itself to be a main provider of equipment for the predicted surge in internet traffic and data created by the proliferation of mobile systems.(Updates with comment from Cisco CEO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
Cisco Unveils Plan for Building Internet for the Next Decade of Digital Innovation
News Summary:
- American City Business Journals
Cisco says its new silicon, software, router products will 'change the economics of the Internet'
“Today is the moment when we enter a new phase of the Internet,” Jonathan Davidson, the senior vice president and general manager of Cisco’s service provider business, said in a blog post.
- American City Business Journals
Facebook, Google plummet in Glassdoor rankings of top companies to work for
Facebook Inc. and Alphabet Inc.-owned Google have both dropped out of the top 10 of Glassdoor's annual Employees’ Choice Awards "best places to work" awards, a sharp decline for a pair of Silicon Valley giants that have long been known for their sky-high salaries and cushy employee perks. The No. 1 company on Glassdoor's list, released Wednesday and based on ratings from employees on the career website, is Cambridge, Massachusetts software maker HubSpot. The highest-ranked Bay Area company is DocuSign, Inc., at No. 3.
- Yahoo Finance
This new publicly traded company is going to transform how the antiquated United States Postal Service communicates
Zoom Video Communications is about to do its part to save the USPS.
- Investor's Business Daily
Cybersecurity Stocks To Watch Amid Shift To Cloud Computing, Zero Trust
Many cybersecurity stocks enjoyed a big run this year. But shifts in corporate spending to cloud computing could determine winners in 2020 and beyond.
- American City Business Journals
Two senior executives leaving Cisco, the latest in a slew of changes at the top
Cisco's senior vice presidents of global data center sales and customer transformation are leaving the networking giant.
- PR Newswire
Cisco Declares Quarterly Cash Dividend
Cisco (NASDAQ: CSCO) announced that earlier today its Board of Directors declared a quarterly cash dividend of $0.35 per common share to be paid on January 22, 2020 to all shareholders of record as of the close of business on January 3, 2020.
- Investor's Business Daily
Cisco Stock: Shift To Sell Chips To Impact Broadcom, Arista, Juniper?
Cisco may announce a shift in its business model to sell semiconductors at a "Future of the Internet" event on Wednesday, says one analyst. Cisco's move would challenge Broadcom and Arista.
- TheStreet.com
China's Moves to Stop Buying U.S. Tech Aren't Going Away - But They Have Limits
Beijing is intent on reducing its dependence on American hardware, software and chips. But reducing it and eliminating are two very different things.
- Zacks
IDC Posts Q3 Server Market Data: Dell, HPE & More in Focus
Here's a look at the performance of leading server vendors in third-quarter 2019 per IDC report.
