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Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

29.95USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Cisco Systems CEO Charles Robbins' FY 2016 total compensation was $16 mln
Monday, 24 Oct 2016 04:55pm EDT 

Cisco Systems Inc : Cisco Systems Inc - CEO Charles Robbins' FY 2016 total compensation was $16.0 million . Cisco Systems Inc says CFO Kelly A. Kramer's 2016 total compensation was $9.1 million versus $8.5 million - SEC filing .Cisco Systems Inc - Executive chairman John Chambers' FY 2016 total compensation was $9.9 million versus $19.6 million in FY 2015.  Full Article

Cisco Systems acquires Heroik Labs Inc
Monday, 17 Oct 2016 04:29pm EDT 

Cisco Systems Inc : Announced that it has acquired Heroik Labs, Inc a privately held company headquartered in San Francisco, CA .Worklife team will report into the cloud collaboration technology business unit under SVP/GM Jens Meggers.  Full Article

Cisco prices $6.25 bln of senior unsecured notes
Tuesday, 13 Sep 2016 08:16pm EDT 

Cisco Systems Inc : Cisco prices $6.25 billion of senior unsecured notes .Pricing of five series of senior unsecured notes in an aggregate principal amount of $6.25 billion.  Full Article

Cisco sets quarterly dividend of $0.26 per share
Friday, 9 Sep 2016 09:02pm EDT 

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

Cisco says SEC, DOJ decide not to bring enforcement actions against co
Thursday, 8 Sep 2016 07:02pm EDT 

Cisco Systems Inc : SEC, DOJ recently informed they have decided not to bring enforcement actions against co on FCPA violation allegations in Russia, CIS Source: (http://bit.ly/2cdILbt) Further company coverage: [CSCO.O] ((bangalore.newsroom@thomsonreuters.com;)).  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

Cisco announces intent to acquire CloudLock
Tuesday, 28 Jun 2016 08:00am EDT 

Cisco Systems Inc : Cisco announces intent to acquire CloudLock . Under terms of agreement, Cisco will pay $293 million in cash and assumed equity awards . CloudLock team will join Cisco's networking and security business group under senior vice president and general manager David Goeckeler .Cisco will also pay additional retention-based incentives for CloudLock employees who join Cisco.  Full Article

Arista says ITC issued a final determination in suit brought by Cisco Systems against co
Thursday, 23 Jun 2016 05:51pm EDT 

Arista Networks Inc : Says International Trade Commission (ITC) issued a final determination in suit brought by Cisco Systems against Arista .Arista Networks Inc says ITC concluded Arista does not violate section 337 with respect to two of five patents under investigation.  Full Article

Siemens hires Cisco manager to add high-tech acumen to board

FRANKFURT Siemens said it was hiring Cedrik Neike, currently a manager at Cisco Systems, in a board reshuffle that underscores its bet on electrification, automation and the use of technology in the industrial world.