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Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

31.50USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Jacobs Engineering expands Cisco relationship to enhance connectivity solution options in Canada
Thursday, 18 May 2017 07:45am EDT 

May 18 (Reuters) - Cisco Systems Inc :Jacobs Engineering Group Inc - expands Cisco relationship to enhance connectivity solution options in Canada.  Full Article

Cisco Systems Inc Q3 GAAP earnings per share $0.50
Wednesday, 17 May 2017 04:05pm EDT 

May 17 (Reuters) - Cisco Systems Inc :Cisco reports third quarter earnings.Q3 non-GAAP earnings per share $0.60.Q3 GAAP earnings per share $0.50.Q3 revenue $11.9 billion versus I/B/E/S view $11.89 billion.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Sees Q4 GAAP $0.46 to $0.51.Sees Q4 non-GAAP EPS $0.60 - $0.62.Sees Q4 revenue down 6% to 4%.Q4 earnings per share view $0.62, revenue view $12.51 billion -- Thomson Reuters I/B/E/S.In May 2017, extended restructuring plan to include an additional 1,100 employees with $150 million of estimated additional pretax charges.During first 9 months of fiscal 2017, recognized pretax charges of $614 million to GAAP financial results in relation to restructuring plan.Expect to recognize approximately $150 million to $200 million of pretax charges under restructuring plan in Q4 of fiscal 2017.Expects restructuring plan to be substantially completed by end of Q1 of fiscal 2018.  Full Article

Cisco announces intent to acquire Viptela
Monday, 1 May 2017 05:00pm EDT 

May 1 (Reuters) - Cisco Systems Inc :Cisco announces intent to acquire Viptela.Cisco says Cisco will acquire Viptela for $610 million in cash and assumed equity awards.Cisco says viptela team will join enterprise routing team within networking and security business led by Senior Vice President David Goeckeler.  Full Article

Cisco entered into a 364-day credit agreement
Friday, 31 Mar 2017 04:41pm EDT 

Cisco Systems Inc : Cisco - On March 30, entered into a 364-day credit agreement . Cisco says credit agreement provides for a $2 billion unsecured revolving credit facility that is scheduled to expire on March 29, 2018 - SEC Filing .Cisco - At this time, Cisco has not borrowed any funds under credit agreement - SEC Filing.  Full Article

Finjan Holdings unit has filed a patent infringement lawsuit against Cisco Systems
Monday, 9 Jan 2017 08:30am EST 

Finjan Holdings Inc : Unit has filed a patent infringement lawsuit against Cisco Systems .Infringement lawsuit against Cisco Systems alleging infringement of five Finjan U.S. patents.  Full Article

Cisco Systems sets quarterly dividend of $0.26per share
Wednesday, 7 Dec 2016 06:44pm EST 

Cisco Systems Inc :Sets quarterly dividend of $0.26per share.  Full Article

Cisco, Salesforce announce global strategic alliance
Thursday, 22 Sep 2016 08:00am EDT 

Cisco Systems Inc : Cisco and Salesforce announce global strategic alliance . Collaboration integrations are expected to be available in second half of 2017 . IOT integrations are expected to be available in second half of 2017 and pricing will be announced at that time . Cos to develop,market solutions that join Cisco's collaboration, IOT,contact center platforms with Salesforce sales cloud, IOT cloud,service cloud .Integrations between Cisco's unified contact center enterprise,Salesforce's service cloud are available Thursday through Salesforce AppExchange.  Full Article

Cisco Q4 non-gaap earnings per share $0.63
Wednesday, 17 Aug 2016 04:05pm EDT 

Cisco Systems Inc : Cisco reports fourth quarter and fiscal year 2016 earnings . Q4 earnings per share $0.56 . Q4 earnings per share view $0.60 -- Thomson Reuters I/B/E/S . Q4 non-gaap earnings per share $0.63 . Q4 revenue $12.6 billion versus i/b/e/s view $12.57 billion . Announced a restructuring enabling us to optimize our cost base in lower growth areas of our portfolio . Estimates gaap eps will be $0.42 to $0.47, lower than non-gaap eps by $0.13 to $0.16 per share in q1 of fiscal 2017 . Sees q1 revenue -1% to 1% growth year over year (normalized to exclude sp video cpe business for q1 fy 2016) . Sees q1 gaap $0.42 - $0.47; sees q1 non-gaap $0.58 to $0.60 . Says restructuring will eliminate up to 5,500 positions, representing approximately 7 percent of our global workforce . Q1 earnings per share view $0.60, revenue view $12.48 billion -- Thomson Reuters I/B/E/S . Will further invest in key priority areas such as security, iot, collaboration, next generation data center and cloud . Expect to reinvest substantially all of cost savings from restructuring actions back into key businesses .Product backlog was about $4.6 billion at end of fiscal 2016, up 1% compared with balance at end of fy 2015, excluding sp video cpe business.  Full Article

Cisco laying off upward of 14,000 employees- CRN
Tuesday, 16 Aug 2016 09:16pm EDT 

: Cisco Systems laying off upward of 14,000 employees, representing nearly 20 percent of co's global workforce - CRN, citing sources close to co . Cisco Systems expected to announce job cuts within next few weeks, as many early retirement package plans have already been offered to employees - CRN Source: http://bit.ly/2aZNyNl Further company coverage: [CSCO.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Eurotech to develop vertical solutions with Cisco software
Monday, 18 Jul 2016 03:00am EDT 

Eurotech SpA : Signs an indirect solutions technology integrator agreement with Cisco .This agreement enables Eurotech to offer purpose built devices, like industrial or transportation grade gateway systems, together with Cisco 5921 software worldwide.  Full Article

More From Around the Web

BRIEF-Jacobs Engineering expands Cisco relationship to enhance connectivity solution options in Canada

* Jacobs Engineering Group Inc - expands Cisco relationship to enhance connectivity solution options in Canada Source text for Eikon: Further company coverage: