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Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

30.92USD
23 Aug 2017
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$-0.35 (-1.12%)
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Latest Key Developments (Source: Significant Developments)

Cisco announces intent to acquire Springpath
Monday, 21 Aug 2017 08:00am EDT 

Aug 21 (Reuters) - Cisco Systems Inc :Cisco announces intent to acquire springpath.Cisco - ‍will acquire Springpath for $320 million in cash and assumed equity awards​.Cisco - ‍acquisition is expected to close in Cisco's Q1 of fiscal year 2018​.Cisco - deal includes ‍additional retention-based incentives​.  Full Article

Cisco Systems reports Q4 non-GAAP earnings per share of $0.61
Wednesday, 16 Aug 2017 04:05pm EDT 

Aug 16 (Reuters) - Cisco Systems Inc :Cisco reports fourth quarter and fiscal year 2017 earnings.Q4 non-GAAP earnings per share $0.61.Q4 earnings per share $0.48.Q4 revenue $12.1 billion versus I/B/E/S view $12.06 billion.Q4 earnings per share view $0.61 -- Thomson Reuters I/B/E/S.Cisco - ‍outlook for Q1 FY 2018 non-GAAP EPS $0.59 - $0.61​.Sees Q1 2018 GAAP earnings per share $0.48 to $0.53.Cisco - sees ‍Q1 revenue to be down 3 percent to 1 percent.Q1 earnings per share view $0.60, revenue view $12.06 billion -- Thomson Reuters I/B/E/S.Cisco - During fiscal 2017, recognized pretax charges of $756 million to GAAP financial results in relation to previously announced restructuring plan‍​.Cisco - expect previously announced restructuring plan‍​ to be substantially completed by the end of the first quarter of fiscal 2018.  Full Article

Arista Networks says International Trade Commission issued notice in connection with investigation no. 337-Ta-944
Monday, 7 Aug 2017 07:38am EDT 

Aug 7 (Reuters) - Arista Networks Inc :Arista Networks says on Aug 4, International Trade Commission issued notice in connection with investigation no. 337-Ta-944 - SEC filing.Arista Networks Inc - For three of patents ('164, '597 and '296), Cisco's accusations were either dropped or rejected by ITC.Arista Networks - ITC notice stated that it would be the reviewing administrative law judge's enforcement initial determination in its entirety.Arista Networks Inc - On July 3, 2017, parties filed petitions for review of certain findings in enforcement initial determination.Arista Networks - ITC notice instructs ALJ to issue an initial determination by September 4, 2017 setting a new target date for the final determination.Arista Networks Inc - Administrative law judge's initial determination finding that Arista's redesigned products do not infringe '537 patent.Arista Networks Inc - U.S. Customs and border protection has found in 2 separate proceedings that Arista's redesigned products do not infringe patent.Arista Networks-Commission's notice remands investigation to ALJ, instructs ALJ to conduct additional proceedings he deems necessary, issue a remand EID.  Full Article

Ict group and Cisco enter into partnership for digital transformation​
Thursday, 27 Jul 2017 02:40am EDT 

July 27 (Reuters) - ICT GROUP NV ::‍ICT GROUP AND CISCO ENTER INTO PARTNERSHIP FOR DIGITAL TRANSFORMATION​.  Full Article

Moody's says U.S. corporate cash pile grows to $1.84 tln
Wednesday, 19 Jul 2017 12:19am EDT 

July 19 (Reuters) - Moody's on U.S. corporates-:US corporate cash pile grows to $1.84 trillion, led by tech sector.Top-five cash hoarders all come from the technology sector, with Apple holding record high of $246.1 billion.Top five most cash-flush companies Apple, Microsoft, Google, Cisco and Oracle now hold 32% of total cash held.  Full Article

Ericsson CFO says sees mobile infrastructure market decline in 2018
Tuesday, 18 Jul 2017 02:44am EDT 

July 18 (Reuters) - Ericsson CFO Carl Mellander tells Reuters::Says sees mobile equipment market decline of low single digit in 2018, vs previous view of flatten out .Says sees flattish market in 2019 for mobile infrastructure.Says has no sales forecast for Cisco partnership <<>>, versus previous view of 1 billion USD extra sales in 2018.  Full Article

IBM says companies using Cisco UCS servers can now manage data intensive workloads on-premises with IBM COS
Monday, 26 Jun 2017 08:00am EDT 

June 26 (Reuters) - International Business Machines Corp ::IBM says companies using Cisco UCS servers can now manage data intensive workloads securely, efficiently on-premises with IBM COS system.  Full Article

Arista says Administrative Law Judge Endorses co's Redesign in ITC Initial Determination
Wednesday, 21 Jun 2017 12:26pm EDT 

June 21 (Reuters) - Arista Networks Inc ::International Trade Commission issued an Initial Determination in ITC enforcement proceeding brought by Cisco Systems against Arista.In ID, ALJ found co's sale of its redesigned switch products does not violate cease and desist order issued by ITC.  Full Article

Cisco declares quarterly cash dividend
Tuesday, 6 Jun 2017 04:26pm EDT 

June 6 (Reuters) - Cisco Systems Inc ::Cisco declares quarterly cash dividend.Sets quarterly dividend of $0.29 per share.  Full Article

Rola Dagher named president of Cisco Canada
Monday, 5 Jun 2017 10:22am EDT 

June 5 (Reuters) - Cisco Systems Inc ::Rola Dagher named president of Cisco Canada.Dagher replaces Bernadette Wightman, who has completed her contract in Canada and is returning to UK.Dagher joins Cisco from Dell EMC.  Full Article

BRIEF-Cisco announces intent to acquire Springpath

* Cisco - ‍will acquire Springpath for $320 million in cash and assumed equity awards​