Key Developments: Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

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29 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Cisco Systems Inc declares quarterly cash dividend
Tuesday, 26 Aug 2014 07:15pm EDT 

Cisco Systems Inc:Says that it has declared a quarterly dividend of $0.19 per common share.Says dividend to be paid on Oct. 22, 2014.Says payable to all shareholders of record as of the close of business on Oct. 2, 2014.Cisco's previous quarterly dividend of $0.19 per common share was paid on July 23, 2014.  Full Article

Cisco Systems Inc gives Q1 2015 guidance in line with analysts' estimates; gives Q1 2015 charge guidance; announces restructuring action in FY 2015 - conference call
Wednesday, 13 Aug 2014 04:30pm EDT 

Cisco Systems Inc:Sees Q1 2015 revenue to be flat to up 1 pct. Year over year.Sees Q1 2015 non-GAAP EPS to be $0.51 - $0.53.Sees Q1 2015 GAAP earnings to be lower than non-GAAP EPS by $0.14 to $0.18 per share.Says that it will recognize pretax charges to GAAP financial results of up to $700 million.Says that it expect about $250 million to $350 million of these charges will be recognized during Q1 2015, remaining amount recognized during the rest of the fiscal year.Also announces restructuring action in FY 2015 that will be focused on continuing to invest in growth, innovation, and talent while managing costs and driving efficiencies.Says these actions will impact up to 6,000 employees, representing about 8 pct. of the company's global workforce.Reported revenue of $12.085 bln in Q1 2014.Q1 2015 revenues estimates of $12.106 bln - Thomson Reuters I/B/E/S.Q1 2015 EPS estimates of $0.53 - Thomson Reuters I/B/E/S.  Full Article

Cisco Systems completes acquisition of Tail-f Systems
Wednesday, 9 Jul 2014 08:00am EDT 

Cisco Systems Inc:Completes the acquisition of privately held Tail-f Systems.Tail-f's products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices.  Full Article

Cisco Systems inc declares quarterly cash dividend
Friday, 20 Jun 2014 06:08pm EDT 

Cisco Systems Inc:Declares quarterly dividend of $0.19 per common share to be paid on July 23, 2014 to all shareholders of record as of close of business on July 7, 2014.  Full Article

Cisco Systems Inc announces intent to acquire Tail-f Systems
Tuesday, 17 Jun 2014 08:00am EDT 

Cisco Systems Inc:Says its intent to acquire privately held Tail-f Systems, leader in multi-vendor network service orchestration solutions for traditional and virtualized networks.Tail-f's products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices.Headquartered in Stockholm, Sweden, Tail-f's technology also helps reduce the time-to-market for network equipment vendors building equipment for agile, software-programmable networks.Under the terms of the agreement, Cisco will pay about $175 mln in cash and retention-based incentives in exchange for all shares of Tail-f.Acquisition of Tail-f is expected to be complete in the fourth quarter of fiscal year 2014, subject to customary closing conditions.  Full Article

Cisco Systems Inc gives Q4 2014 guidance; revenue above analysts' estimates; Sees FY 2014 EPS guidance at high end of prior range - Conference Call
Wednesday, 14 May 2014 04:30pm EDT 

Cisco Systems Inc:Expects Q4 2014 total revenue to decline in the range of minus 3 pct to minus 1 pct on a year-over-year basis.Says Q4 2014 non-GAAP earnings per share are expected to range from $0.51 to $0.53.Says non-GAAP EPS would be at the higher end of the FY 2014 guidance of $1.95 to $2.05 that provided earlier this year.anticipates GAAP earnings to be lower than non-GAAP EPS by about $0.11 to $0.14 per share in Q4 2014 and $0.56 to $0.59 for FY 2014.Reported revenue of $12.417 bln in Q4 2013.Q4 2014 revenue of $11.807 bln and EPS of $0.51 - Thomson Reuters I/B/E/S.FY 2014 EPS of $1.99 - Thomson Reuters I/B/E/S.  Full Article

Cisco Systems Inc prices $8 billion of senior unsecured notes
Monday, 24 Feb 2014 07:50pm EST 

Cisco Systems Inc:Announced the pricing of seven series of senior unsecured notes for an aggregate principal amount of $8 billion.Says the offering is expected to close on March. 3, 2014.Says it intends to use the net proceeds from this offering for general corporate purposes.Uses the proceeds to repay $3.75 billion in aggregate principal amount of its outstanding senior unsecured notes.  Full Article

Cisco Systems Inc announces offering of senior unsecured notes
Monday, 24 Feb 2014 08:57am EST 

Cisco Systems Inc:Intends to offer senior notes under an automatic shelf registration statement on file with the Securities and Exchange Commission.Actual terms of the notes, including interest rate, principal amount and maturity will depend on market conditions at the time of pricing.Use net proceeds from this offering for general corporate purposes, including to repay senior unsecured notes.To return capital to shareholders pursuant to its previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., HSBC Securities (USA) Inc.Wells Fargo Securities, LLC are acting as joint book-running managers.  Full Article

AT&T, Cisco Systems Inc and Accuris Networks deliver automatic carrier-grade wi-fi for visitors to mobile world congress
Monday, 17 Feb 2014 08:00am EST 

Cisco Systems Inc:Says AT&T, Cisco and Accuris Networks are collaborating with several global mobile operators, including Bell Mobility, China Mobile, Korea Telecom, MEO, Mobily, NTT DOCOMO, PCCW-HKT, SK Telecom, and True to provide a Next-Generation Wi-Fi Hotspot network at the conference.Cisco provided the Wi-Fi network, made up entirely of the latest Wi-Fi CERTIFIED Passpoint access points and controllers, based on the Hotspot 2.0 specification.Says AT&T Mobility worked with its roaming partners worldwide, including the participating mobile operators, to add Wi-Fi roaming to their roaming agreements.  Full Article

Cisco Systems Inc issues Q3 2014 guidance; revenue guidance above analysts' estimates; issues FY 2014 EPS guidance in line with analysts' estimates-conference call
Wednesday, 12 Feb 2014 09:30pm EST 

Cisco Systems Inc:Expects Q3 2014 revenue to decline in the range of down 6 pct to down 8 pct year over year.Expects Q3 2014 non-GAAP EPS to be in the range of $0.47-$0.49.Expects Q3 2014 GAAP EPS to be lower than non-GAAP EPS by about $0.10-$0.13.Expects FY 2014 non-GAAP EPS to a range from $1.95-$2.05.Expects FY 2014 GAAP earnings to be lower than non-GAAP EPS by about $0.56 to $0.62.Reported revenue of $12.216 bln in Q3 2013.Q3 2014 revenue of $11.356 bln and EPS of $0.48 - Thomson Reuters I/B/E/S.FY 2014 EPS of $1.99 - Thomson Reuters I/B/E/S.  Full Article

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Cisco to take $700 million in restructuring charges for layoffs

- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.

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