Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data. The company also offers collaboration products comprising unified communications, Cisco TelePresence, and conferencing, as well as the Internet of Things and analytics software. In addition, it provides security products, such as network security, cloud and email security, identity and access management, advanced threat protection, and unified threat management products; and cloud and system management products. Further, the company offers a range of service and support options for its customers, including technical support and advanced services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with Internet2 to deliver next-generation capabilities and software solutions; and Tele2 Iot on connectivity management platform 2CONTROL. Cisco Systems, Inc. was founded in 1984 and is headquartered in San Jose, California.
IPO Year: 1990
Exchange: NASDAQ
Website: cisco.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/17/2025 | $64.00 → $68.00 | Buy | Citigroup |
1/6/2025 | $66.00 → $73.00 | Hold → Buy | Melius |
11/11/2024 | $66.00 | Neutral → Overweight | JP Morgan |
10/16/2024 | $52.00 → $62.00 | Neutral → Buy | Citigroup |
8/16/2024 | $46.00 → $58.00 | Hold → Buy | HSBC Securities |
8/15/2024 | Neutral → Buy | New Street | |
5/13/2024 | $50.00 | Underperform → Neutral | Exane BNP Paribas |
4/22/2024 | $62.00 → $53.00 | Neutral | JP Morgan |
4/15/2024 | $55.00 → $60.00 | Neutral → Buy | BofA Securities |
4/12/2024 | $52.00 | Neutral | Citigroup |
SAN JOSE, Calif., Nov. 15, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community. This session will be via webcast. Interested parties can register and view these events on Cisco's Investor Relations website at https://investor.cisco.com. No new financial information will be discussed on this conference call. Cisco at the 2024 RBC Capital Markets Global TMIT ConferenceNov 20, 20248:20 a.m. PT / 11:20 a.m. ET Cisco Speaker:Scott Herren, EVP and Chief Financial OfficerMark Patterson, EVP and Chief Strategy Officer
SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- News Summary: Broad-based acceleration in product orders reflecting normalizing demandProduct orders up 20% year over year; up 9% year over year excluding SplunkRevenue of $13.8 billion in Q1, at the high end of our guidance rangeStrong profitability:GAAP gross margin of 65.9% and non-GAAP gross margin of 69.3%, above our guidance rangeGAAP EPS of $0.68 and non-GAAP EPS of $0.91, above our guidance rangeQ1 FY 2025 Results:Revenue: $13.8 billionDecrease of 6% year over yearEarnings per Share: GAAP: $0.68; Non-GAAP: $0.91GAAP EPS
SAN JOSE, Calif., Oct. 29, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) has scheduled a conference call for Wednesday, Nov 13, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its first quarter and fiscal year 2025 financial results for the period ending Saturday, October 26, 2024. Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, November 13, 2024. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com. Date: Wednesday, November 13
SAN JOSE, Calif., Aug. 14, 2024 /PRNewswire/ -- News Summary: Product order growth of 14% year over year; up 6% excluding SplunkRevenue of $13.6 billion in Q4 FY 2024, above the high end of our guidance rangeStrong margins:Q4 FY 2024 GAAP gross margin of 64.4% and Non-GAAP gross margin of 67.9%FY 2024 GAAP gross margin of 64.7% and Non-GAAP gross margin of 67.5%, the highest in 20 yearsSolid growth in software and recurring metrics in FY 2024, enhanced by SplunkTotal subscription revenue of $27.4 billion including Splunk, representing 51% of total revenueTotal annualized recu
SAN JOSE, Calif., Aug. 6, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) has scheduled a conference call for Wednesday, Aug 14, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its fourth quarter and fiscal year 2024 financial results for the period ending Saturday, July 27, 2024. Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, August 14, 2024. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com. Date: Wednesday, Aug 14, 2024 Ti
SAN JOSE, Calif., May 16, 2024 /PRNewswire/ -- Cisco today announced that it will participate in the following event with the financial community. This session will be via webcast. Interested parties can register and view these events on Cisco's Investor Relations website at https://investor.cisco.com. No new financial information will be discussed on this conference call. Cisco at the J.P. Morgan Global Technology, Media and Communications ConferenceMay 20, 202411:50 a.m. PT / 1:50 p.m. ET Cisco Speaker: Scott Herren, EVP and Chief Financial Officer Moderator:Samik Chatterjee
SEATTLE, May 15, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) ("Banzai" or the "Company"), a leading SaaS marketing technology company, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary and Recent Operational Highlights Annual Recurring Revenue ("ARR") for March 2024 was $4.9 million, a 14.2% increase compared to Q4 2023, and a 5% increase year-over-year.Revenue of $1.1 million exceeded the operating forecast as of the previous quarter by 4%.Net Income increased sequentially by $1.9 million, a 30% increase from Q4 2023.The Company added over 230 customers in April, bringing the total number of customer w
SAN JOSE, Calif., May 15, 2024 /PRNewswire/ -- News Summary: $12.7 billion in revenue, down 13% year over year, in line with expectations and reflects our customers' continued implementation of products on-handStrong profitability with GAAP gross margin of 65.1% and non-GAAP gross margin of 68.3%Transformed business model, further enhanced by the Splunk acquisition:Total subscription revenue of $6.9 billion including Splunk, representing 54% of total revenueTotal annualized recurring revenue (ARR) at $29.2 billion including $4.2 billion from Splunk, up 22% year over year, and
SAN JOSE, Calif., May 8, 2024 /PRNewswire/ -- Cisco has scheduled a conference call for Wednesday, May 15, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its third quarter fiscal year 2024 financial results for the period ending Saturday, April 27, 2024. Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, May 15, 2024. Cisco's quarterly earnings press release will be posted at https://newsroom.cisco.com. Date: Wednesday, May 15, 2024 Time:
News Summary: Cisco has completed the acquisition of Isovalent, Inc., a leader in open source cloud native networking and securityTogether, Cisco and Isovalent will build leading edge protection for every workload on every cloudCisco is committed to nurturing and supporting eBPF, Cilium, Tetragon, and cloud native open source communitiesSAN JOSE, Calif., April 12, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) today announced the completion of the acquisition of Isovalent, a leader in open source cloud native networking and security. This marks a significant step forward in Cisco's commitment to define the future of secure, multicloud networking.
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TYSONS CORNER, Va. and PETAH TIKVA, Israel, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced a series of Board updates to support the Company's continued growth into 2025 and beyond. As previously detailed on November 6, 2024, Thomas E. Hogan has been appointed interim CEO to begin 2025 as part of a planned leadership transition. In conjunction with stepping into this position, Mr. Hogan remains on the Company's Board of Directors and plans to revert to his position as chairman upon the eventual appointment of a new CEO. As part of Cellebrite's ongoing commitment to
Industry veteran brings decades of business acumen and global insight from Amazon Web Services, Cisco, Palo Alto Networks, and Unity JFrog Ltd. ("JFrog") (NASDAQ:FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced Unity CFO, Luis Felipe Visoso, will join its Board of Directors, effective immediately. He will also serve as a member of the Board's Audit Committee. With extensive experience in global enterprise leadership and board roles across the cybersecurity, cloud, and software industries, Visoso brings a wealth of business expansion expertise to JFrog that will help the company drive growth in the DevOps, DevSecOps, and AI/MLOps
News Summary: Cisco appoints Ekta Singh-Bushell to its board of directors effective June 14, 2024.Singh-Bushell, a highly accomplished business leader, most recently held the position of deputy to the first vice president, chief operating officer, Executive Office at the Federal Reserve Bank of New York. SAN JOSE, Calif., June 14, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) today announced the appointment of Ekta Singh-Bushell to its board of directors effective June 14, 2024. "I am thrilled to welcome Ekta to Cisco's board. Her experience in data, security, and services will add
Organizations are committed to raising awareness for closing the talent gap and increasing diversity within the cybersecurity industry SAN FRANCISCO, May 8, 2024 /PRNewswire/ -- As the talent gap continues to present a massive and growing challenge within the cybersecurity industry, NightDragon, Cisco and World Wide Technology (WWT) today announced a collaboration with NPower to increase diversity and empower individuals from all backgrounds to pursue careers in cybersecurity. The cyber talent gap presents a significant and immediate issue to the cybersecurity industry, with 92% of cyber organizations reporting a talent shortage, according to the latest Cybersecurity Workforce Study from IS
The Consortium aims to provide actionable insights and identify new opportunities for reskilling and upskilling News Summary: The AI-Enabled ICT Workforce Consortium is led by Cisco and joined by Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP. It will assess AI's impact on technology jobs and identify skills development pathways for the roles most likely to be affected by artificial intelligence.The formation of the Consortium is catalyzed by the work of the U.S.-EU Trade and Technology Council Talent for Growth Task Force, Cisco Chair and CEO Chuck Robbins' participation in the Task Force, and input from the U.S. Department of Commerce.Advisors include the American Fe
News Summary: RAI Amsterdam has selected Cisco and Radware to enhance network security for its events.Cisco Secure Cloud DDoS Protection, developed by Radware, was chosen to address the robust network requirements for IT, gaming, and financial services events at RAI Amsterdam.The solution bolsters RAI's security resilience by swiftly identifying and blocking harmful traffic, ensuring uninterrupted network availability, and optimizing application performance during DDoS attacks. MAHWAH, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Cisco and Radware® today announced they have been selected by RAI Amsterdam to enhance network security with Cisco Secure Cloud DDoS Protection, a solution develope
Companies form collaborative partnership to accelerate progress towards GHG emission reduction goals.The agreement includes circular economy best practices, including refurbishing and recycling products.The collaboration will allow Orange Business to provide their customers an estimate of the GHG emissions from their products and solutions based on Cisco technology.BARCELONA, Feb. 26, 2024 /PRNewswire/ -- Orange Business and Cisco have signed a Memorandum of Understanding (MoU) for a joint action plan to help reduce their greenhouse gas (GHG) emissions. The plan represents a first for both companies, deepening their partnership, and facilitating the sharing of data that will inform progress
News Summary Partnership with Cisco and Qwilt enables Turkcell to enhance streaming quality and data delivery for Turkiye's 38.2 million mobile and 3.1 million fixed broadband subscribers. Deployment integrates Qwilt's Open Edge Cloud for Content Delivery with Cisco's edge computing infrastructure, improving the subscriber experience and supporting rising data volumes. With Cisco and Qwilt's Open Edge model, Turkcell Superonline's network can better meet content publishers' demands and strengthen Turkiye's position as a digital bridge between East and West. Cisco and Qwilt today announce a new strategic partnership with Turkcell, the leading digital operator in Turkiye. The coll
Virtual event leader onboards former Cisco (NASDAQ:CSCO), 8x8 (NASDAQ:EGHT) President, and Polycom (NASDAQ:POLY) executive to lead premium webcasting solution into the next phase of world-class virtual event services GlobalMeet, the fastest-growing, unrivaled leader in virtual event technology used by 5 out of 10 of the largest US banks, all Big Four Consulting Firms, and 50% of Fortune 500 pharmaceutical and biotech companies, today announces the appointment of visionary leader Kim Niederman as CEO. GlobalMeet enables live and fully interactive events to audiences as large as 100,000+ people. Niederman has a formidable track record in steering tech companies to record success and will dr
News Summary: Cisco appoints Dan Schulman to its board of directors effective October 10, 2023.Schulman, a highly accomplished business leader, most recently held the position of president and CEO at PayPal Holdings, Inc.M. Michele Burns, Rod McGeary and Dr. Lisa T. Su have notified the Board that they will not stand for re-election at Cisco's 2023 annual meeting in December 2023.SAN JOSE, Calif., Oct. 10, 2023 /PRNewswire/ -- Cisco (NASDAQ:CSCO) today announced the appointment of Dan Schulman to its board of directors effective October 10, 2023. "Dan is a proven and well-resp
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News Summary: Cisco's end-to-end solution protects both the development and use of AI applications so enterprises can advance their AI initiatives with confidence. AI Defense safeguards against the misuse of AI tools, data leakage, and increasingly sophisticated threats, which existing security solutions are not equipped to handle. The innovative solution leverages Cisco's unmatched network visibility and control to stay ahead of ever-evolving AI safety and security concerns.SAN JOSE, Calif., Jan. 15, 2025 /PRNewswire/ -- Cisco (NASDAQ:CSCO), the leader in security and networking, today announced Cisco AI Defense, a pioneering solution to enable and safeguard AI transformation within enterpr
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, today announced a series of Board updates to support the Company's continued growth into 2025 and beyond. As previously detailed on November 6, 2024, Thomas E. Hogan has been appointed interim CEO to begin 2025 as part of a planned leadership transition. In conjunction with stepping into this position, Mr. Hogan remains on the Company's Board of Directors and plans to revert to his position as chairman upon the eventual appointment of a new CEO. As part of Cellebrite's ongoing commitment to
Issued on behalf of Scope Technologies Corp. with the installation of new hardware. VANCOUVER, BC, Dec. 5, 2024 /PRNewswire/ -- USA News Group News Commentary – In recent weeks, Amazon's quantum advancements have ignited significant momentum across the market, propelling the industry closer to the dawn of the "Quantum Age." In response, the U.S. government has acted decisively, partnering with quantum pioneers to support a $2.7 billion National Quantum Initiative Reauthorization Act. While Polaris Market Research previously estimated the Global Quantum Computing Market could exceed US$5.7 billion by 2032 at an impressive 19.1% CAGR, updated projections from The Quantum Insider now anticipate
SAN JOSE, Calif., Nov. 26, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) will host its 2024 Annual Meeting of Stockholders on Monday, December 9, 2024, beginning at 8:00 a.m. PST via audio webcast. Participants will include Cisco Chair and CEO Chuck Robbins. What: 2024 Cisco Virtual Annual Meeting of Stockholders When: Monday, December 9, 2024, 8:00 a.m. PST Listen and Watch: A live audio (including closed captioning) webcast of the meeting with synchronized slides will be available online. Cisco stockholders of record as of October 10, 2024, can vote and ask questions online durin
In partnership with Cisco, OneTen offers an inside look at how the employer's skills-first talent management approach promotes measurable business impact, organizational agility, and inclusion NEW YORK, Nov. 25, 2024 /PRNewswire/ -- OneTen, a coalition of leading companies committed to unlocking career opportunities for talent without four-year degrees, today released, "Cisco's Skills-First Success: A Powerful Playbook for the Private Sector" – an in-depth study that examines Cisco's groundbreaking efforts to adopt a skills-first hiring approach, yielding impressive business results and a more inclusive and resilient workforce. The case study illustrates Cisco's transformation after joinin
Expanded global partnership and co-innovation enhance secure, cost-effective wireless access, digital services, and experiences for mobile enterprises across 180 countries. Cisco, worldwide technology leader and NTT DATA, a global digital business and IT services leader, today announced an expanded partnership to transform how global enterprises access wireless connectivity. As demand for flexible and cost-effective connectivity surges, Cisco and NTT DATA are responding with a unified solution backed by world-class support services from both companies. Historically, connectivity has focused on connecting office environments through landlines. However, with the advent of eSIM in the mark
Toronto, Ontario, Nov. 25, 2024 (GLOBE NEWSWIRE) -- News Summary: Only seven per cent of Canadian organizations fully prepared to adopt and deploy AI, down from nine per cent last year.Despite the drop in readiness, urgency to deploy is growing, with 96 per cent reporting an increase over the last year.Canadian organizations are scaling investments, 43 per cent say they will be spending as much as 20 to 50 per cent of their IT budgets on AI in the next four to five years, more than double what it is today. Toronto, ON, Nov 25, 2024 — Cisco, the worldwide leader in networking and security, today released the Canadian results of the 2024 AI Readiness Index, revealing that only seve
SAN JOSE, Calif., Nov. 25, 2024 /PRNewswire/ -- Cisco today announced that it will host and/or participate in the following events with the financial community in December: No new financial information will be discussed at these events 2024 UBS Global Technology and AI ConferenceTuesday, December 3, 20249:55 – 10:25 am PTCisco Speaker: Bill Gartner, SVP & GM Optical Systems and Optics Group Wells Fargo 8th Annual TMT SummitWednesday, December 4, 2024Investor Meetings OnlyCisco Representatives: Investor Relations team Raymond James TMT ConferenceTuesday, December 10, 20247:00 –
Second annual report shows the race to get AI right is on, with a critical focus on networking infrastructure News Summary: Leaders feel the pressure; 98% report increased urgency to deliver on AI and 85% believe they have less than 18 months to act. Networks are not equipped to meet AI workloads; only 21% of companies report having the necessary GPUs to meet current and future AI demands.Only 13% say they are fully ready to capture AI's potential – down from 14% last year. SAN JOSE, Calif., Nov. 19, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO), the worldwide leader in networking and security, today announced the findings from the second annual AI Readiness Index. The report explores how prepa
Bringing the Next Generation of Guest Experience to Las Vegas and Beyond News Summary: Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco to deliver next-generation guest experiences.Agreement gives MGM Resorts access to much of Cisco's software portfolio and Customer Experience (CX) services.Multi-year agreement brings simplicity and predictability as the company paves the way for future location services and next-generation machine learning applicationsSAN JOSE, Calif. and LAS VEGAS, Nov. 18, 2024 /PRNewswire/ -- Cisco (NASDAQ:CSCO) and MGM Resorts International today announce that the companies have signed a Whole Portfolio Agr
Citigroup reiterated coverage of Cisco with a rating of Buy and set a new price target of $68.00 from $64.00 previously
Melius upgraded Cisco from Hold to Buy and set a new price target of $73.00 from $66.00 previously
JP Morgan upgraded Cisco from Neutral to Overweight and set a new price target of $66.00
Citigroup upgraded Cisco from Neutral to Buy and set a new price target of $62.00 from $52.00 previously
HSBC Securities upgraded Cisco from Hold to Buy and set a new price target of $58.00 from $46.00 previously
New Street upgraded Cisco from Neutral to Buy
Exane BNP Paribas upgraded Cisco from Underperform to Neutral and set a new price target of $50.00
JP Morgan resumed coverage of Cisco with a rating of Neutral and set a new price target of $53.00 from $62.00 previously
BofA Securities upgraded Cisco from Neutral to Buy and set a new price target of $60.00 from $55.00 previously
Citigroup resumed coverage of Cisco with a rating of Neutral and set a new price target of $52.00