Cisco Systems Inc (CSCO.O) Key Developments | Reuters.com
Edition:
United States

Cisco Systems Inc (CSCO.O)

CSCO.O on Nasdaq

27.75USD
24 Jun 2016
Change (% chg)

$-1.47 (-5.03%)
Prev Close
$29.22
Open
$28.16
Day's High
$28.57
Day's Low
$27.70
Volume
44,408,897
Avg. Vol
23,200,778
52-wk High
$29.49
52-wk Low
$22.46

Latest Key Developments (Source: Significant Developments)

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

Cisco says CEO Chuck Robbins adopts a pre-arranged stock trading plan
Thursday, 23 Jun 2016 05:30pm EDT 

Cisco Systems Inc : On June 20, CEO Charles Robbins adopted a pre-arranged stock trading plan to sell up to 148,800 shares of Cisco stock acquired upon vesting of RSUS .Says CEO's stock trading plan scheduled to terminate in august 2017.  Full Article

Cisco Systems declares quarterly dividend $0.26/shr
Monday, 6 Jun 2016 05:15pm EDT 

Cisco Systems Inc : Cisco Systems Inc says board of directors declared a quarterly dividend of $0.26 per common share .Declared a quarterly dividend of $0.26 per common share.  Full Article

Cisco Systems Inc reports Q3 non-GAAP EPS $0.57
Wednesday, 18 May 2016 04:05pm EDT 

Cisco Systems Inc : Sees Q4 revenue growth of 0% - 3% year over year . Q4 earnings per share view $0.58, revenue view $12.42 billion -- Thomson Reuters I/B/E/S . Sees Q4 non-gaap eps $0.59 - $0.61 . Cisco reports third quarter earnings . Q3 NON-GAAP earnings per share $0.57 . Q3 GAAP earnings per share $0.46 . Q3 revenue $12 billion versus I/B/E/S view $11.97 billion . Q3 earnings per share view $0.55 -- Thomson Reuters I/B/E/S .Sees Q4 2016 gaap earnings per share $0.48 to $0.53.  Full Article

Cisco Systems Inc announces intent to acquire CliQr
Tuesday, 1 Mar 2016 08:00am EST 

Cisco Systems Inc:Says intent to acquire CliQr Technologies Inc.Says CliQr team will join Cisco's Insieme Business Unit reporting to Prem Jain, senior vice president and general manager.Under the terms of the agreement, Cisco will pay $260 million in cash and assumed equity awards, plus retention based incentives.  Full Article

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

Arista infringes Cisco networking patents, U.S. trade agency rules

NEW YORK Network equipment maker Cisco Systems Inc won a key victory in a sprawling legal battle with rival Arista Networks Inc on Thursday after the U.S. International Trade Commission ruled Arista infringed three of Cisco's patents with its ethernet switches used in computer data centers and servers.