Key Developments: Cisco Systems Inc (CSCO.OQ)

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Latest Key Developments (Source: Significant Developments)

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 Systems Inc declares quarterly cash dividend
Tuesday, 15 Sep 2015 05:00pm EDT 

Cisco Systems Inc:Declared a quarterly dividend of $0.21 per common share.Payable on Oct. 21 to all shareholders of record date as on Oct. 5.  Full Article

Cisco Systems Inc router attacks duck cyber defenses, hit four countries - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Cisco Systems Inc:Security researchers say they have uncovered previously unknown attacks on routers which direct traffic around the Internet, allowing hackers to harvest vast amounts of data while going undetected by existing cyber security defenses - Reuters.The attacks replace the operating system used in network equipment from Cisco (CSCO.O), the world's biggest maker of routers, the computer forensic arm of U.S. security research firm FireEye (FEYE.O), Mandiant, said on Tuesday - Reuters.So far, Mandiant has found 14 instances of router implants in India, Mexico, Philippines and Ukraine, the company said in a blog post - Reuters.Separately, Cisco confirmed that it had alerted customers to these attacks on Cisco operating system software platforms - reuters.The company said that it had worked with Mandiant to develop ways for customers detect the attack, which if found, will require them to re-image the software used to control their routers - Reuters.Routers operate outside the perimeter of firewalls, anti-virus and other security tools which organizations around the world use to safeguard data traffic - Reuters.  Full Article

Cisco completes acquisition of OpenDNS
Thursday, 27 Aug 2015 08:00am EDT 

Cisco Systems Inc:Announces that it has completed the acquisition of OpenDNS, a privately held company that provides advanced threat protection for any device, anywhere, anytime.Says the acquisition will advance Cisco's Security Everywhere approach by adding broad visibility, enforcement, and threat intelligence from the OpenDNS cloud-delivered platform.  Full Article

Cisco Systems Inc gives Q1 2016 outlook in line with analysts' estimates
Wednesday, 12 Aug 2015 04:05pm EDT 

Cisco Systems Inc:Expects Q1 2016 revenue growth in the range of 2 - 4 pct.Expects Q1 2016 non-GAAP earnings per share in the range of $0.55 - $0.57.Reported revenue of $12.245 bln in Q1 2015.Q1 2016 revenue of $12.555 bln and EPS of $0.56 - Thomson Reuters I/B/E/S.  Full Article

Cisco Systems Inc announces management change - Form 8k
Wednesday, 29 Jul 2015 04:38pm EDT 

Cisco Systems Inc:Says on July 23, Robbins was appointed as chief executive officer and Chambers was appointed as executive chairman.  Full Article

Technicolor to acquire Cisco connected devices division
Thursday, 23 Jul 2015 12:30am EDT 

Technicolor SA:To acquire Cisco Systems Inc connected devices division.Transaction value is 550 million euros in a cash and stock transaction.Cisco will receive approximately 413 million euros in cash and approximately 137 million euros in newly issued Technicolor shares.Acquisition should result in Technicolor's connected home segment reaching adjusted EBITDA in excess of 200 million euros by year-end 2016.Acquisition should lead Technicolor's connected home segment to increased profitability (i.e.8-9% adjusted EBITDA margin) by 2017.  Full Article

Cisco Systems Inc intent to acquire Opendns
Tuesday, 30 Jun 2015 08:00am EDT 

Cisco Systems Inc:Announces intent to acquire Opendns.Says will pay $635 million in cash and assumed equity awards.Says opendns team will join the Cisco security business group organization led by david goeckeler.Deal includes retention based incentives for opendns.Acquisition to boost cisco's security everywhere approach by adding broad visibility and threat intelligence.  Full Article

Schneider Electric and Cisco partner to build resilient control system networks
Tuesday, 30 Jun 2015 04:00am EDT 

Schneider Electric SE:Schneider Electric and Cisco partner to build resilient control system networks.  Full Article

BlackBerry and Cisco sign patent cross-licensing agreement
Tuesday, 23 Jun 2015 07:31am EDT 

BlackBerry Ltd and Cisco Systems Inc:Blackberry and Cisco sign broad patent cross-licensing agreement.Says specific terms of the deal are confidential.BlackBerry will receive a license fee from Cisco. specific terms of the deal are confidential.Says as part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco.Says intend to further collaborate with Cisco under the agreement.  Full Article


Big Cisco bet on France offers relief from Air France fiasco

PARIS - Still reeling from front page images of shirtless Air France executives fleeing angry workers, the French government got a welcome boost on Thursday for its campaign to attract foreign investment from U.S. tech group Cisco.

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