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Cisco Systems Inc (CSCO.OQ)

CSCO.OQ on NASDAQ Stock Exchange Global Select Market

21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

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

IBM says Cisco and Co security working together to address growing global threat of cybercrime​
Wednesday, 31 May 2017 06:00am EDT 

May 31 (Reuters) - International Business Machines Corp ::IBM says ‍Ccisco and IBM security are working together to address growing global threat of cybercrime​.IBM says through this expanded collaboration, IBM's managed security services team will work with Cisco.IBM - ‍in new collaboration, Cisco & IBM security will work closely together across products, services and threat intelligence for benefit of customers.IBM says ‍ibm's resilient incident response platform to integrate with Cisco's threat grid.  Full Article

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


Arista loses bid to lift import ban in Cisco battle

The U.S. government on Thursday dealt Arista Networks Inc a loss in its technology dispute with Cisco Systems Inc and refused to set aside an order blocking importation of some of Arista's network switches.