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 |
|---|---|---|---|
| 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 |
| 4/9/2024 | $58.00 | Overweight | Morgan Stanley |
| 2/15/2024 | $52.00 | Equal Weight | Wells Fargo |
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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
Morgan Stanley resumed coverage of Cisco with a rating of Overweight and set a new price target of $58.00
Wells Fargo resumed coverage of Cisco with a rating of Equal Weight and set a new price target of $52.00
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
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
News Summary: LTIMindtree will leverage Cisco Secure Access as its new security service edge (SSE) solution to protect its 80,000 hybrid workers with secure internet access, advanced zero trust network access and embedded AI.Extending its networking partnership with Cisco, LTIMindtree now offers next-generation SSE to its global clients via Cisco Secure Access.Clients can work jointly with both companies to adopt a broad set of cloud security functions in a single, easy-to-use dashboard with Cisco Secure Access.MELBOURNE, Australia, Nov. 12, 2024 /PRNewswire/ -- CISCO LIVE -- Cisco (NASDAQ:CSCO), the leader in enterprise networking and security, announced that LTIMindtree is now leveraging C
A leap forward in wireless: AI-native, self-configuring and built for resilient, secure connections News Summary: Cisco introduces Wi-Fi 7 access points, with the intelligence, security and assurance of Cisco's advanced networking portfolio.New AI-native wireless is location-aware, instantly adapts to any environment and continuously optimizes—with the power of Cisco Spaces built in to create smart workplaces.Unified subscription and hardware give Cisco customers ultimate flexibility by offering a seamless wireless management experience across cloud, on-premises and hybrid networks.SAN JOSE, Calif., Nov. 12, 2024 /PRNewswire/ -- Today, Cisco (NASDAQ:CSCO) introduces new intelligent, secure
Pioneering research into the risks and benefits of digital life to help society prepare for the AI-era and beyond News summary: Cisco and the OECD launch the Digital Well-being Hub to holistically study technology's impact on well-being and shape inclusive digital policies.The Hub explores the effects of digital transformation on people's well-being by crowdsourcing insights including life satisfaction, mental health, AI tools and ethics, digital skills, cyber safety, civic engagement, climate consciousness and social connections. It also presents visitors with OECD data across several well-being dimensions.The collaboration with the OECD is part of Cisco's Country Digital Acceleration progr
HERNDON, Va., Nov. 4, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized with five partner awards at the 2024 Cisco Partner Summit, including Global Mass Scale Infrastructure Partner of the Year, Americas Mass Scale Infrastructure Partner of the Year, U.S. East Collaboration Partner of the Year, U.S. East Software Partner of the Year and U.S. Northeast Partner of the Year. Cisco Partner Awards recognize top-performing partners demonstrating service excellence and innovation in delivering solutions that help its customers succeed.
C Spire has been named Service Provider of the Year and Regional Partner of the Year: Southeast Operation for USA Central Area at Cisco Partner Summit 2024. Cisco Partner Awards recognize top-performing partners demonstrating service excellence and innovation in delivering solutions that help customers succeed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031454407/en/C Spire Wins Service Provider of the Year and Regional Partner of the Year (Photo: Business Wire) "Being named Cisco Service Provider of the Year and Regional Partner of the Year shows our commitment to delivering transformative technology solutions that empowe
NTT DATA, a global digital business and IT services leader, has been named Cisco's Enterprise Partner of the Year, APJC Partner of the Year and EMEA Partner of the Year at Cisco Partner Summit 2024. Cisco's Partner Summit Global Awards recognize top-performing partners demonstrating innovation in delivering solutions that help customers succeed in new ways. Awarded to partners for standout success and exemplary sales and service, Partner Summit Global Awards are the highest form of recognition for Cisco partners. NTT DATA received 40 awards in total spanning Cisco's portfolio, including Networking, Security, Collaboration, Observability, Data Center, Customer Experience and Cloud Infrastru
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
News Summary PROEN adopts joint solution integrating Qwilt's Open Edge CDN, based on Open Caching, with Cisco's edge compute and networking infrastructure New partnership enables PROEN to support full CDN functionality, bringing better digital experiences to millions of end users throughout Thailand PROEN deployment enables national content delivery coverage across all of Thailand today, while preparing for delivery of future applications from the Open Edge PROEN Corp Public Company Limited (PROEN), a leading provider of Internet, data, ICT, and business telecom services across Thailand, has deployed Qwilt and Cisco's Open Edge Content Delivery Network (CDN) solution to improve
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In today's rapidly evolving and fiercely competitive business landscape, it is crucial for investors and industry analysts to conduct comprehensive company evaluations. In this article, we will undertake an in-depth industry comparison, assessing Cisco Systems (NASDAQ:CSCO) alongside its primary competitors in the Communications Equipment industry. By meticulously examining crucial financial indicators, market positioning, and growth potential, we aim to provide valuable insights to investors and shed light on company's performance within the industry. Cisco Systems Background Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies
Nvidia Corp (NASDAQ:NVDA) backed AI startup Cohere Inc., has reportedly emerged as one of the most valuable AI companies globally, with a valuation of $5.5 billion at a recent funding round, making it one of Canada’s largest startups. Unlike its Silicon Valley counterparts, Cohere focuses on creating large language models for businesses rather than consumer-facing apps. The startup raised $500 million in a Series D funding round led by PSP Investments. New backers include Cisco Systems Inc (NASDAQ:CSCO), Fujitsu, AMD Ventures, and Canada’s export credit agency EDC, reported Bloomberg. This new funding more than doubles Cohere’s valuation from the previous year and brings its total f
On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said he is staying long on Pfizer Inc. (NYSE:PFE). On July 11, Pfizer announced it will advance the development of Danuglipron. The company selected the once-daily weight loss drug for continued advancement based on an ongoing pharmacokinetic study. Bryn Talkington of Requisite Capital Management named Pacer US Cash Cows 100 ETF (CBOE: COWZ) as her final trade. Don't forget to check out our premarket coverage here Joe Terranova of Virtus Investment Partners picked Arch Capital Group Ltd. (NASDAQ:ACGL), which is a financial stock. Arch Capital Group will release its its second quarter results a
The Biden administration’s escalating restrictions on China’s access to high-end semiconductors and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors. However, amid the broad headwinds facing many companies, JPMorgan analyst Samik Chatterjee has identified a select group of tech stocks that could stand to benefit from these geopolitical tensions. 1. Flex Ltd (NASDAQ:FLEX) Flex is strategically positioned to benefit from the changing geopolitical landscape, Chatterjee notes. With heightened restrictions on China, Flex’s extensive manufacturing capabilities outside China become increasingly valuab
Deep-pocketed investors have adopted a bullish approach towards Cisco Systems (NASDAQ:CSCO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CSCO usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Cisco Systems. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 47% leaning bullish and 35% bearish. Among these notable opt
Jim Lebenthal of Cerity Partners picked Cisco Systems, Inc. (NASDAQ:CSCO) on the latest edition of CNBC's “Halftime Report Final Trades.” After looking at the company’s stock chart, Lebenthal noticed there is a nine-month downtrend in the stock. The stock hit a low in June but reached a higher low a week ago. If the stock goes up 1 more percent, then we will have a “higher high,” he added. Cisco is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. The company unveiled the initiative as part of its ongoing efforts to enhance digital security infrastructure in regions facing high cyber t
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL TRADE BULLISH 07/12/24 $130.00 $45.4K 69.0K 247.6K AMD CALL SWEEP BULLISH 07/12/24 $180.00
The Downside Of "Diamond Hands" Last week, I finally got around to watching Dumb Money, the movie about Keith "Roaring Kitty" Gill and the epic GameStop Corporation (NYSE:GME) pump of a few years ago. It's entertaining, and worth a watch, but the reason I mention it here is because it includes a cautionary tale about holding a stock indefinitely, with no thought to exiting it. The movie includes a handful of minor characters representing Redditt, Inc. (NYSE:RDDT) users who followed Keith Gill into GME, include one who's a registered nurse. Whenever the movie introduces a character, it shows the character's net worth on the screen and updates it later. When we meet the nurse, she has a
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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