Key Developments: Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

10 Feb 2016
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Latest Key Developments (Source: Significant Developments)

Cisco announces intent to acquire Jasper Technologies, Inc.
Wednesday, 3 Feb 2016 04:15pm EST 

Cisco Systems Inc:Announces intent to acquire Jasper technologies, inc.Says deal valued at $1.4 billion.Says Jasper CEO jahangir mohammed will run new iot software business unit.Will pay deal price in cash and assumed equity awards, plus additional retention based incentives.  Full Article

Cisco Systems Inc completes acquisition of Lancope
Tuesday, 22 Dec 2015 04:00pm EST 

Cisco Systems Inc:Completed the acquisition of Lancope.Under the terms of the agreement Cisco paid $452.5 million in cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.  Full Article

Cisco Systems Inc - EU lawmakers, countries agree on bloc's first cyber-security law - Reuters
Monday, 7 Dec 2015 01:54pm EST 

Cisco Systems Inc:EU lawmakers and member states struck a deal on the bloc's first cyber-security law on Monday that will require Internet firms such as Google GOOGL.O and Amazon AMZN.O to report serious breaches or face sanctions - RTRS.The deal, following five hours of negotiations between the European Parliament and EU governments, was reached in response to increasing worries about cyber attacks resulting in security and privacy breaches - RTRS.The European Commission's digital chief, Andrus Ansip, said the new law would build up consumers' trust in Internet services, especially cross-border services - RTRS."The Internet knows no border - a problem in one country can have a knock-on effect in the rest of Europe - RTRS.This is why we need EU-wide cyber-security solutions. This agreement is an important step in this direction," he said - RTRS.The new law, known as the Network and Information Security Directive, sets out security and reporting obligations for companies in critical sectors such as transport, energy, health and finance - RTRS.Web firms will be subject to less stringent obligations, than, say, airports or oil pipeline operators - RTRS.Under the measure, Internet companies such as Google, Amazon, eBay & Cisco, but not social networks like Facebook, will be required to report serious incidents to national authorities, which in turn will be able to impose sanctions on companies that fail to do so - RTRS.  Full Article

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 beats profit estimates, adds $15 billion to buyback

Network equipment maker Cisco Systems Inc reported a bigger-than-expected quarterly profit, helped by higher demand for its routers and security products, and added $15 billion to its share buyback program.

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