CSCO - Cisco Systems, Inc.
46.20 -0.10 (-0.22%)
After hours: 6:49PM EDT
Chart Events
Triple Moving Average Crossover
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 47.82 |
| Open | 47.15 |
| Bid | 46.37 x 4000 |
| Ask | 46.34 x 800 |
| Day's Range | 46.23 - 47.28 |
| 52 Week Range | 32.40 - 58.26 |
| Volume | 18,706,555 |
| Avg. Volume | 31,306,411 |
| Market Cap | 195.492B |
| Beta (5Y Monthly) | 0.95 |
| PE Ratio (TTM) | 18.36 |
| EPS (TTM) | 2.52 |
| Earnings Date | Aug 12, 2020 |
| Forward Dividend & Yield | 1.44 (3.01%) |
| Ex-Dividend Date | Apr 02, 2020 |
| 1y Target Est | 46.19 |
Fair Value
Related Research
- Barrons.com
Zoom Video Stock Soars Past $200. Earnings Are Due Tomorrow Afternoon.
(ZM) shares never cease to amaze. The stock has nearly tripled for the year to date, driving the company’s market capitalization to $56 billion, about 60 times projected revenues for the year. For the April quarter, Zoom has projected revenue of $199 million to $201 million, with profits of 10 cents a share.
- MarketWatch
Dow flat despite losses for shares of Pfizer, Cisco
DOW UPDATE In spite of negative returns for shares of Pfizer and Cisco, the Dow Jones Industrial Average is nearly flat Monday morning. Shares of Pfizer (PFE) and Cisco (CSCO) account for -13% of the index's intraday losses, as the Dow (DJIA) was most recently trading 2 points lower (0.
- Bloomberg
FCC Chief Takes On the Pentagon...and DOT, and NOAA, and Energy
(Bloomberg) -- In his quest to expand U.S. mobile broadband capacity, Federal Communications Commission Chairman Ajit Pai hasn’t been afraid to anger colleagues in government.He’s taken on the Pentagon, the National Oceanic and Atmospheric Administration as well as the departments of Transportation and Energy. Those agencies have warned that his plans to reallocate spectrum could endanger national security, harm weather forecasts, loosen control of the electrical grid and degrade vehicle safety.So far, Pai has prevailed.“Pai is willing to get himself on the hot seat,” said Doug Brake, telecom policy director for the Information Technology and Innovation Foundation, a Washington-based policy group that works to accelerate innovation.The fights are worth billions of dollars as industries jockey for rights to airwaves, riding a boom in usage for such things as online shopping, streaming television and social media. Appetite for gadgets and the airwaves on which to run them is only growing: the U.S. will have 1.2 billion mobile connected devices by 2023, up from 560 million in 2018, according to a forecast by Cisco Systems Inc.Pai’s independence may be tested in coming months as President Donald Trump has ordered the FCC to draw up regulations to keep social media companies such as Twitter Inc. from censoring political speech.“This debate is an important one,” Pai said in a statement. “The Federal Communications Commission will carefully review any petition for rulemaking filed by the Department of Commerce.”Pai, whose office didn’t reply to requests for comment, has an insiders’ profile that doesn’t suggest a penchant for inter-agency skirmishing. He is a former FCC commissioner, agency staff lawyer and U.S. Senate aide, and before that an attorney for Verizon Communications Inc. President Donald Trump elevated him three years ago to chairman of the commission, which was created in 1934 to keep radio signals straight and now doing the same with wireless broadband.Pai, 47, presents a whimsical public face for an agency steeped in arcane technical policy making. He spices his remarks with pop-culture references, citing the TV sitcom “The Office” and the film “The Big Lebowski.” His Twitter feed branches from telecom policy into philosophy, architecture and sports teams from Kansas City, not far from his childhood home in Parsons, Kansas.As chairman, he has made priorities of pruning regulations and pushing for more mobile broadband to feed the nation’s insatiable appetite. With backing from the agency’s Republican majority, he’s compiled a series of victories for the wireless industry -- and at times setbacks for older uses of airwaves.NOAA, for example, said the FCC’s push to reallocate some spectrum would set back satellite-assisted weather forecasting decades. The Transportation Department warned about road safety when a patch of airwaves set aside for driverless cars was reassigned. The Energy Department opposed taking spectrum used by the power companies.Perhaps most memorably, the Defense Department raised alarms about the FCC’s April 20 approval of a mobile broadband network, saying the service will interfere with military and civilian GPS.Wins and losses are closely linked in airwaves policy because of the nature of spectrum -- the invisible electromagnetic waves that carry communications. Each slice of airwaves can carry one use; a second use on the same frequencies threatens interference, just as a shouted conversation in a room can drown out a quiet chat.To avoid conflicts, regulators including the FCC put different services on separate airwaves. Antennas listen for the chatter on their assigned channels, and don’t pick up signals at higher and lower frequencies, which in turn are left to other users.Assignments, including some set decades ago, have come under question as the mobile broadband revolution deepens, bringing fresh demand for airwaves to handle booming wireless traffic. Old services are being forced to move to different airwaves or share their frequencies with new arrivals.Pai’s FCC has worked to set up frequencies for more Wi-Fi and the high-speed gadgetry that will combine to form the 5G revolution of fast, ubiquitous wireless connections -- a priority for the White House and big tech and telephone companies. The changeover promises such wonders as remote surgery, autonomous cars, rich virtual reality video feeds, and factories humming with connected equipment.Pai takes credit for rearranging a dozen swaths of spectrum. The amount of airwaves affected is more those used by all U.S. mobile broadband providers, Pai said in a video posted on the agency website last year.Friction is inevitable as broadband and other wireless technologies vie for space in the crowded tableau of airwaves swaths, known as bands.“Finding new bands or new opportunities to reallocate for new purposes is more difficult than ever before,” said FCC Commissioner Michael O’Rielly, a Republican. “There’s no greenfields to pick from. And so finding new spectrum for a new purpose means reallocating someone who already exists there.”To others, the FCC’s airwaves fights show lax management by the Trump administration, leaving cabinet officers to push their own airwaves priorities.“This is a result of running the administration as if it were an episode of ‘The Apprentice,’” said Harold Feld, senior vice president with the policy group Public Knowledge. “The federal agencies have just stopped cooperating.”Space Force Commander General John Raymond said in a May 6 congressional hearing that Ligado Networks LLC’s plans for a mobile broadband network would interfere with GPS receivers, which rely on faint signals from satellites, and harm training.The FCC shot back that it wouldn’t be moved by “baseless fear mongering.”In a May 26 letter to Representative Adam Smith, chairman of the Armed Services Committee, Pai defended the Ligado decision, saying it “included strict conditions to ensure that GPS operations continue to be protected from harmful interference.”In a teleconference with lawmakers on May 19, Pai said “America needs to lead in 5G and that requires us to think creatively about a variety of different spectrum bands.”Changes keep coming. The FCC in April voted to allow Wi-Fi on the 6 gigahertz airwaves, despite an expression of concern from the Energy Department. Utilities said the change risks interference to electric, water, and gas transmission and distribution systems. Chipmaker Broadcom Inc. called the action “momentous” and “a definitive moment in U.S. wireless history.”Airwaves AuctionMobile providers will get more opportunities in an auction slated to begin in July. Another, potentially larger airwaves sale is to begin Dec. 8 as the FCC offers a wide swath of prime airwaves now used by satellite providers such as Intelsat SA and SES SA. The satellite providers will move aside, keeping enough frequencies to serve current customers; new users will offer mobile broadband.Bidders may include largest U.S. providers Verizon, AT&T Inc. and T-Mobile US Inc., who all snapped up airwaves in earlier FCC auctions.“It isn’t easy to get the government to move quickly on anything,” Meredith Attwell Baker, president of CTIA, a wireless industry trade group with members including AT&T and Verizon, said in an email. Pai “deserves tremendous credit for making sure wireless providers have the spectrum they need to meet our nation’s 5G ambitions.”Not easy, and not without turmoil. The debate with NOAA concerned power levels for an airwaves swath that Verizon won in an FCC auction. The disagreement persisted for much of 2019 before agencies, working with the State Department, arrived at a unified position. The result was a lower power level than the FCC wanted, and more than NOAA preferred.Bipartisan leaders of both the House Science Committee and the Commerce Committee have asked the Government Accountability Office to probe how the NTIA and other federal agencies interact to resolve spectrum disputes.“Under the Trump administration, spectrum coordination efforts have repeatedly failed,” Democratic Representative Frank Pallone, of New Jersey, the Commerce Committee chairman, said in an email.Representative Greg Walden, of Oregon, the Commerce Committee’s top Republican, in an email said that “not everyone will be satisfied all of the time” as spectrum allocations are made.Others see confusion.“In this administration, instead of having everyone pull in the same direction, we have disputes that are pulling us apart,” said Commissioner Jessica Rosenworcel, the agency’s senior Democrat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
Here’s 1 Sign That Not All Is Well in the World of Tech
HP’s notebook sales have been strong, but demand is waning. And there’s no one in the office left to print.
- GuruFocus.com
US Indexes Close Mostly Higher on the Last Trading Day of May
Nasdaq has a gain of 4.42% for the year Continue reading...
- MarketWatch
Dow up 31 points on gains in shares of Intel, Cisco
DOW UPDATE The Dow Jones Industrial Average is climbing Friday afternoon with shares of Intel and Cisco seeing positive momentum for the price-weighted average. Shares of Intel (INTC) and Cisco (CSCO) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 31 points higher (0.
- Motley Fool
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
- Zacks
Cisco (CSCO) to Buy ThousandEyes to Boost Software Offerings
Cisco's (CSCO) acquisition of ThousandEyes is expected to aid it boost customer experience with enhanced visibility into application performance, and strengthen software and services portfolio.
- PR Newswire
Cisco Live 2020--Here's everything you need to know
For the first time in its 30 years, Cisco Live 2020 is an all-digital event. The conference will bring attendees everything from the annual customer and partner conference—online and for free. On June 2nd and 3rd on the Cisco Live website, Cisco will celebrate "Possibilities" with digital sessions, keynotes, innovation talks, technical education training, demos, and more. The all-digital experience is an innovative way to explore and imagine everything that's possible with technology. This year, over 80,000 attendees have registered to date, and the global Cisco Live community is ready to engage with how tech can best solve the world's most pressing issues.
- Motley Fool
Cisco Expands Further Into Software With ThousandEyes Acquisition
Cisco Systems (NASDAQ: CSCO) has inked a deal to acquire ThousandEyes, a privately held cloud software company hailing out of San Francisco, in an effort to expand its software business. Terms of the deal were not disclosed, but Bloomberg reports that Cisco is paying close to $1 billion. In a press release, Cisco said the rapid adoption of cloud networks by businesses and their reliance on the Internet and networks outside of their organizations has created a "chaotic and unmanageable" IT environment for many companies.
- Investor's Business Daily
Dow Jones Slides 250 Points Before Trump China Conference; Snap Breaks Out, While Twitter-Trump Feud Escalates
The major stock indexes were mixed ahead of President Trump's news conference on China Friday. Twitter escalated its feud with President Trump.
- Investor's Business Daily
Tech Industry's Work-From-Home Plans Could Reach Beyond Silicon Valley
The list of tech companies that are letting employees work from home much longer than initially planned, permanently in some cases, keeps growing and could sharply alter work landscapes.
- TechCrunch
Cisco to acquire internet monitoring solution ThousandEyes
When Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO, the company sent a clear signal it wanted to move beyond its pure network hardware roots into the software monitoring side of the equation. Yesterday afternoon the company announced it intends to buy another monitoring company, this time snagging internet monitoring solution ThousandEyes. Cisco would not comment on the price when asked by TechCrunch, but published reports from CNBC and others pegged the deal at around $1 billion.
- Benzinga
Cisco Consolidates Cloud Software Foray, Acquires ThousandEyes For Nearly $1B
In a push to consolidate its cloud software unit, Cisco Systems Inc. (NASDAQ: CSCO) has purchased ThousandEyes, a firm that helps companies monitor network outages.What Happened Since Chuck Robbins took over as CEO in 2015, Cisco has been focused on expanding its cloud-based software portfolio to better serve customers who are moving to distributed environments, reported CNBC.The purchase of ThousandEyes for nearly $1 billion will bring it into the fold of Cisco's newly-formed Networking Services business unit, run by Todd Nightingale. Previously, Cisco acquired AppDyamics for $3.7 billion, a company whose software spots bugs in applications and fix them.Nightingale said in a statement, "I'm excited to welcome the ThousandEyes team to Cisco." Adding, "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks. This will give customers end-to-end visibility when accessing cloud applications, and Internet Intelligence will improve networking reliability and the overall application experience."Why It Matters This is the first-ever acquisition Cisco has made completely online using Cisco's Webex video-calling service due to the stay-at-home orders in place since March, reported CNBC. Last year ThousandEyes raised $110 million from venture investors, and according to its CEO Mohit Lad, it has retained those funds.ThousandEyes' key customers include Microsoft Corporation (NASDAQ: MSFT), Slack Technologies Inc. (NYSE: WORK), Paypal Holdings Inc. (NASDAQ: PYPL) and Lyft Inc. (NASDAQ: LYFT).Cisco Price Action Cisco shares traded 0.12% higher at $45.65 in the after-hours session on Thursday. The shares had closed the regular session 0.79% lower at $45.60.See more from Benzinga * Saudi Arabia On A Pandemic Bargain Hunt, Buys Shares in Facebook, Disney, Boeing, Others * Zoom Corrects Blog Saying It Had 300M Daily Active Users, Admits It Was Wrong * Next 45 Days Will Be 'Most Critical Period' For US, Says Alan Lancz Who Predicted 1987 and 2008 Crises(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- SmarterAnalyst
Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential
Cisco Systems (CSCO) has announced its intent to acquire privately held ThousandEyes, Inc. for a reported sum of close to $1B, in a deal that is expected to close before the end of Cisco’s Q1 FY’21.San Francisco-based ThousandEyes is a SaaS-based NPM vendor focused on diagnosing performance issues with applications and underlying network infrastructure (cloud, enterprise, and Internet) using synthetic and user experience monitoring methods. Notably, the company recently announced that its customer contractual commitments surpassed $100M in FY20, growing almost 80% year-over-year.Cisco will incorporate ThousandEyes’ capabilities across Cisco’s core Enterprise Networking and Cloud, and AppDynamics portfolios.“The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pin-point deficiencies and improve the network and application performance across all networks” cheered Todd Nightingale of Cisco Enterprise Networking and Cloud.Oppenheimer’s Ittai Kidron remarked that he is ‘positive on the acquistion’ and reiterated his CSCO buy rating on May 28, writing “We see a strong synergetic opportunity for Cisco and believe ThousandEyes’ global network could be bundled with and enhance the value proposition of AppDynamics (bundle NPM/APM), SDWAN/branch portfolio (improve route performance/visibility), and ISR router portfolio (extend visibility reach).”The analyst believes ThousandEyes can also add automation capabilities using AI and machine learning longer-term to further reduce customer OpEx.Overall, CSCO scores a cautiously optimistic Moderate Buy analyst consensus, with 11 recent buy ratings offset by 10 hold ratings. Meanwhile the average analyst price target of $47 indicates 4% upside potential lies ahead. Shares are currently trading down 5% year-to-date. (See Cisco stock analysis on TipRanks).Related News: Salesforce Sinks 3.5% After-Hours As Guidance Slashed Microsoft Seeks $2B Stake In India’s Jio Platforms- Report Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings More recent articles from Smarter Analyst: * Coty Names Chairman Peter Harf As CEO To Steer Strategic Turnaround; Shares Pop 18% * Abiomed’s Heart Pump Gets FDA Emergency Use Status For Covid-19 Patients * Eli Lilly’s Taltz Injection Gets FDA Nod For Inflammatory Spine Arthritis Treatment * Zynga Snaps Up Peak For $1.8B In Its Largest Deal To Date; Shares Up 7%
- TheStreet.com
Cisco Reportedly Near $1 Bln Deal for ThousandEyes
Cisco is reportedly targeting privately held company backed by Salesforce, Alphabet and others that analyzes network performance.
- MarketWatch
Cisco to acquire security company ThousandEyes
Cisco Systems Inc. announced Thursday afternoon that it intends to acquire ThousandEyes, a security-software company, reportedly for close to $1 billion. San Francisco-based ThousandEyes has raised more than $100 million in venture capital to develop software that monitors how a company's applications are being used on the internet. "The combination of Cisco and ThousandEyes will enable deeper and broader visibility to pinpoint deficiencies and improve the network and application performance across all networks," said Cisco executive Todd Nightengale. Bloomberg News reported earlier in the day that the deal was in the works and could be completed Thursday, with a price tag approaching $1 billion. Cisco did not disclose the purchase price. Cisco expects the deal to close before the end of its fiscal first quarter, which begins in August.
- Bloomberg
Cisco Buys Startup ThousandEyes to Add to Software, Services
(Bloomberg) -- Cisco Systems Inc. said it will buy startup ThousandEyes Inc. to help extend its push into software and services.The world’s biggest maker of networking gear is paying about $1 billion, according to people familiar with the matter.San Francisco-based ThousandEyes sells software that checks whether the end-user of an internet service is getting what’s intended, and traces how that service is delivered to find potential problems. Cisco expects the deal to close before the end of its fiscal first quarter, it said in a release.Under Chief Executive Officer Charles Robbins, Cisco has made acquisitions to boost its software and services capabilities. He’s trying to lessen dependence on one-time sales of expensive hardware and shift to recurring revenue and the more dependable profits of long-term contracts.“By bringing together Cisco’s strength in network and application performance with ThousandEyes’ visibility into the internet, customers will now have an end-to-end view into the digital delivery of applications and services over the internet,” Cisco said in the statement.ThousandEyes will complement the business Cisco has developed around AppDynamics, which the networking giant acquired in 2017. Cisco regularly touts the successful integration and growth of AppDynamics, which provides monitoring and analysis of application performance.ThousandEyes is backed by several venture capital firms, including Sequoia Capital, Sutter Hill Ventures and Salesforce Ventures. The startup has raised about $110 million in financing and its last known valuation was $670 million last year, according to PitchBook.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Cisco Nears $1 Billion Takeover of Software Maker ThousandEyes
(Bloomberg) -- Cisco Systems Inc. is in advanced talks to buy software company ThousandEyes Inc. for nearly $1 billion, according to people familiar with the matter.Cisco could announce a deal for the San Francisco-based company as soon as Thursday, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.A representative for Cisco declined to comment. A representative for ThousandEyes didn’t immediately respond to a request for comment.Under Chief Executive Officer Charles Robbins, Cisco has made acquisitions to boost its software and services capabilities. He’s trying to lessen its dependence on one-time sales of expensive hardware and shift toward the recurring revenue and higher profitability of long-term contracts.ThousandEyes could complement the business it’s developed around AppDynamics, which Cisco acquired in 2017. The company regularly touts the successful integration and growth of that former startup, which provides monitoring and analysis of software applications’ performance.ThousandEyes provides so-called digital experience monitoring software, which helps companies optimize the performance of their connected devices, according to its website. The company is backed by several venture capital firms, including Sequoia Capital, Sutter Hill Ventures and Salesforce Ventures.It has raised $110 million in financing to date and its last known valuation was $670 million last year, according to PitchBook.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Zoom Video (ZM) to Report Q1 Earnings: What's in Store?
Zoom Video's (ZM) first-quarter fiscal 2021 results are expected to reflect solid user growth, driven by coronavirus-led remote working and Internet education wave.
- Zacks
The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron
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- PR Newswire
Cisco Announces June 2020 Events with the Financial Community
Cisco today announced that it will participate in the following conferences with the financial community during the month of June. Sessions which offer a webcast can be accessed via Cisco's Investor Relations website at investor.cisco.com.
- Moody's
ConvergeOne Holdings, Inc. -- Moody's affirms ConvergeOne's B3 CFR; revises outlook to negative
Moody's Investors Service, ("Moody's") affirmed ConvergeOne Holdings, Inc.'s ("ConvergeOne") B3 corporate family rating (CFR), B3-PD probability of default rating ("PDR"), the B2 rating on the borrower's senior secured first lien credit facility, and the Caa2 rating on its senior secured second lien term loan. The outlook revision reflects Moody's expectation of a meaningful near term contraction in ConvergeOne's operating performance following the coronavirus outbreak as resulting macroeconomic weakness fuels a considerable projected decrease in technology spending throughout the company's customer base in 2020. The issuer's credit quality is also negatively impacted by ConvergeOne's considerable revenue reliance on key vendor relationships with Cisco Systems, Inc. ("Cisco") and Avaya, Inc. ("Avaya") which together comprise over 50% of total product sales (25% of total revenue).
- PR Newswire
Cisco Designed portfolio expands to focus on empowering small businesses for the "New Normal"
Next week at the CiscoLive! digital event, Cisco will unveil the latest updates to its Cisco Designed portfolio including support for five of small businesses biggest technology challenges. As companies look towards different forms of limited reopening they are adapting to the next normal and technology will play a key role in supporting new ways of doing business. According to a National Small Business Association survey of over 980 small businesses, between March and April the number of business owners and their employees working remotely has doubled, a trend that is widely expected to continue. Small businesses are increasingly becoming a target of hackers so it's no surprise security has become the top small business IT concern. In addition to securely enabling a remote workforce, Cisco and its partners are committed to supporting small businesses in the following areas.
- Simply Wall St.
Did You Participate In Any Of Cisco Systems' (NASDAQ:CSCO) Respectable 81% Return?
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses...
