SAN JOSE, Calif., Aug. 23, 2024 /PRNewswire/ -- Cisco today announced that it will host and/or participate in the following events with the financial community in August and September.Webcasts and replays will be made available for applicable events on Cisco's Investor Relations website at https://investor.cisco.com/. No new financial information will be discussed at these events.Jefferies Semiconductor, IT Hardware & Communications Technology Conference, ChicagoAugust 27, 2024Rakesh Chopra, SVP & Fellow, C ...

SUQIAN, CHINA - AUGUST 15, 2024 - Illustration Cisco to cut 7% of its workforce, Suqian, Jiangsu ... [+] province, China, August 15, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesIf you are a Cisco (NASDAQ:CSCO) investor and took advantage of its recent run-up following the company’s better-than-expected Q4 FY’24 results, it may be time to look elsewhere. As of this moment, we find TC Energy (NYSE:TRP) – an operator of energy infrastructure ...

IBM and Cisco are racking up AI-related sales.The artificial intelligence (AI) boom is reshuffling the technology industry, minting new winners and leaving others behind. International Business Machines (IBM 0.60%) and Cisco Systems (CSCO 0.42%) certainly looked like they were missing the AI boat over the past couple of years, but both companies now have AI strategies that are on track to bring in billions in annual revenue.International Business MachinesNot every company can slap ChatGPT into its employee- ...

Investment Rating - The report does not explicitly state an investment rating for Cisco (CSCO) Core Insights - Cisco's FY2024 revenue was $53.8 billion, a decrease of 6% year-over-year, with Non-GAAP net income of $15.2 billion, down 5% year-over-year, and earnings per share of $3.73. In Q4 alone, revenue was $13.6 billion, down 10% year-over-year, with Non-GAAP net income of $3.5 billion, down 25% year-over-year, and earnings per share of $0.87 [1][5][11] - The company is focusing on investments in AI, cloud, and cybersecurity while optimizing resource allocation through restructuring plans [5][12] - The company expects Q1 FY2025 revenue to be between $13.65 billion and $13.85 billion, with Non-GAAP earnings per share projected between $0.86 and $0.88. For FY2025, revenue is expected to be between $55 billion and $56.2 billion, with Non-GAAP earnings per share projected between $3.52 and $3.58 [11][14] Revenue Breakdown By Product and Service - In FY2024 Q4, data security and observability businesses showed significant growth, while network product revenue declined by 28%. Overall product revenue decreased. For FY2024, network hardware revenue was $29.2 billion, down 15% year-over-year; cybersecurity product revenue was $5.1 billion, up 32%; collaboration product revenue was $4.1 billion, up 2%; observability revenue was $0.8 billion, up 27%; and technical support and services revenue was $14.6 billion, up 5% [7][8] - In Q4 alone, network hardware revenue was $6.8 billion, down 28% year-over-year; cybersecurity product revenue was $1.8 billion, up 81%; collaboration product revenue was $1 billion; observability revenue was $0.2 billion, up 41%; and technical support and services revenue was $3.8 billion, up 6% [7][8] By Region - For FY2024, revenue from the Americas, Europe, Middle East, Africa, and Asia-Pacific was $32 billion, $14.1 billion, and $7.7 billion, respectively, representing year-over-year declines of 4%, 7%, and 8%. In Q4, revenue from these regions was $8.1 billion, $3.5 billion, and $2.1 billion, respectively, with declines of 11% for both the Americas and Europe, and a 6% decline for Asia-Pacific [9][10] FY2025 Guidance - Cisco anticipates Q1 FY2025 revenue between $13.65 billion and $13.85 billion, with Non-GAAP earnings per share between $0.86 and $0.88. For the full FY2025, revenue is expected to be between $55 billion and $56.2 billion, with Non-GAAP earnings per share between $3.52 and $3.58 [11][14]

After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a month.Earlier this month, Reuters reported that Cisco was planning a second round of layoffs this year, after letting go of around 4,000 workers in February. Cisco confirmed last week in a SEC filing that it is cutting 7% of its workforce. While employees have now been informed that there will be a new round of job cuts, the company has refu ...

Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Data Security Posture Management Market: Focus on Application, End-use, Type, and Region - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.The data security posture management market is undergoing significant growth, propelled by various key factors and market drivers. A primary driver for the growth in the data security posture management market is the escalating frequency and sophistication of cyber threats target ...

imaginima/E+ via Getty ImagesCisco Systems, Inc. (NASDAQ:CSCO) reported a strong end to fiscal year 2024 as the firm is beginning to realize sequential growth in their networking equipment sales paired with strength in cybersecurity. On the Q4’24 earnings call, management laid out the groundwork for the next generation of Cisco as the firm restructures for the future of networking. Despite the dimming macroeconomic environment, Cisco should be well-positioned as enterprises and hyperscalers invest in fa ...

Have you evaluated the performance of Cisco Systems' (CSCO) international operations during the quarter that concluded in July 2024? Considering the extensive worldwide presence of this seller of routers, switches, software and services, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its ...

Cisco Systems NASDAQ: CSCO is a U.S. technology firm and is the world’s largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%. The Communication Services Select Sector SPDR Fund NYSEARCA: XLC is up nearly 19%.Cisco Systems TodayCSCOCisco Systems$49.46 +0.93 (+1.92%) 52-Week Range$44.50▼$58.19Dividend Yield3.23%P/E Ratio16.65Price Target$55.89Add to WatchlistThe company has underperformed as it struggles to keep up with competi ...

NEW YORK, NEW YORK - MAY 21: Chuck Robbins, Chair and CEO, Cisco speaks onstage during The Wall ... [+] Street Journal's Future of Everything Festival at Spring Studios on May 21, 2024 in New York City. (Photo by Dia Dipasupil/Getty Images)Getty ImagesCisco stock currently trades at $48.50 per share, roughly 17% below its pre-inflation shock high of $58.70 seen on December 29, 2021. Cisco’s product sales have witnessed a slowdown as customers focused on utilizing the inventory purchased post the Covid-19 pa ...