Key Developments: Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

25 Nov 2015
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Latest Key Developments (Source: Significant Developments)

Cisco System Inc announces intent to acquire Acano Limited
Friday, 20 Nov 2015 08:00am EST 

Cisco System Inc:Says intent to acquire Acano Limited.Under the terms of the agreement, Cisco will pay $700 million in cash.Says deal includes equity awards, plus additional retention based incentives for Acano employees who join Cisco.Acquisition is expected to close in the third quarter of fiscal year 2016.Acano team will join the Cisco Collaboration Technology Group led by Rowan Trollope, senior vice president and general manager.  Full Article

Cisco declares quarterly cash dividend
Wednesday, 18 Nov 2015 06:35pm EST 

Cisco:Declared a quarterly dividend of $0.21 per common share to be paid on January 20, 2016 to all shareholders of record as of the close of business on January 6, 2016.Cisco's previous quarterly dividend of $0.21 per common share was paid on October 21, 2015.  Full Article

Cisco Systems Inc gives Q2 2016 guidance below analysts' estimates
Thursday, 12 Nov 2015 04:05pm EST 

Cisco Systems Inc:Sees Q2 2016 revenue of 0% - 2% growth Y/Y.Sees Q2 2016 Non-GAAP EPS $0.53 - $0.55.Reported revenue of $11.94 billion in Q2 2015.Q2 2016 revenue of $12.55 bln and EPS of $0.56 - Thomson Reuters I/B/E/S.  Full Article

Ericsson and Cisco partner to create networks of the future
Monday, 9 Nov 2015 02:32am EST 

Ericsson:Says Ericsson and Cisco partner to create the networks of the future.Says incremental revenue opportunity of $1 billion or more expected for each company by calendar year 2018.Full-year effect from synergies of SEK 1 billion expected in 2018.The extended addressable market is primarily in professional services, software and resell of Cisco products.Accretive to operating income already in 2016.  Full Article

Cisco System, Inc announces intent to acquire Lancope
Tuesday, 27 Oct 2015 08:00am EDT 

Cisco System, Inc:Announces intent to acquire lancope.Says deal valued at $452.5 million.Says deal includes assumed equity awards, plus additional retention based incentives for lancope employees who join Cisco.  Full Article

Wangsu Science & Technology signs memorandum of cooperation with Cisco Systems
Friday, 23 Oct 2015 08:00pm EDT 

Wangsu Science & Technology Co., Ltd:Signed a memorandum of cooperation with Cisco Systems Inc.  Full Article

Cisco Systems Inc security researchers disable big distributor of "ransomware" - Reuters
Monday, 5 Oct 2015 08:00pm EDT 

Cisco Systems Inc:Cisco Systems Inc said it had managed to disrupt the spread of one of the most pernicious systems for infecting Internet users with malicious software such as so-called ransomware, which demands payment for decrypting users' data - Reuters.The investigators from Cisco's Talos security unit were looking at the Angler Exploit Kit, which analysts at several companies say has been the most effective of several kits at capturing control of personal computers in the past year, infecting up to 40 percent of those it targeted - Reuters.They found that about half of computers infected with Angler were connecting to servers at a hosting provider in Dallas, which had been hired by criminals with stolen credit cards - Reuters.The provider, Limestone Networks, pulled the plug on the servers and turned over data that helped show how Angler worked - Reuters.  Full Article

Cisco Systems Inc declares quarterly cash dividend
Tuesday, 15 Sep 2015 05:00pm EDT 

Cisco Systems Inc:Declared a quarterly dividend of $0.21 per common share.Payable on Oct. 21 to all shareholders of record date as on Oct. 5.  Full Article

Cisco Systems Inc router attacks duck cyber defenses, hit four countries - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Cisco Systems Inc:Security researchers say they have uncovered previously unknown attacks on routers which direct traffic around the Internet, allowing hackers to harvest vast amounts of data while going undetected by existing cyber security defenses - Reuters.The attacks replace the operating system used in network equipment from Cisco (CSCO.O), the world's biggest maker of routers, the computer forensic arm of U.S. security research firm FireEye (FEYE.O), Mandiant, said on Tuesday - Reuters.So far, Mandiant has found 14 instances of router implants in India, Mexico, Philippines and Ukraine, the company said in a blog post - Reuters.Separately, Cisco confirmed that it had alerted customers to these attacks on Cisco operating system software platforms - reuters.The company said that it had worked with Mandiant to develop ways for customers detect the attack, which if found, will require them to re-image the software used to control their routers - Reuters.Routers operate outside the perimeter of firewalls, anti-virus and other security tools which organizations around the world use to safeguard data traffic - Reuters.  Full Article

Cisco completes acquisition of OpenDNS
Thursday, 27 Aug 2015 08:00am EDT 

Cisco Systems Inc:Announces that it has completed the acquisition of OpenDNS, a privately held company that provides advanced threat protection for any device, anywhere, anytime.Says the acquisition will advance Cisco's Security Everywhere approach by adding broad visibility, enforcement, and threat intelligence from the OpenDNS cloud-delivered platform.  Full Article

UPDATE 1-Cisco to buy UK-based Acano to boost enterprise business

Nov 20 Cisco Systems Inc said it would buy UK-based Acano Ltd for $700 million in cash and equity awards, amid slowing order growth and weakness in the U.S. network gear maker's enterprise business outside the United States.

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