Cisco Systems Inc. (CSCO, Financial) has announced a strategic investment in Coreweave, a cloud service provider, valuing the company at an impressive $23 billion. This move signifies Cisco's confidence in Coreweave's business model and growth prospects. Coreweave specializes in high-performance computing solutions tailored for diverse clients, capitalizing on cloud technology to offer scalable and efficient services.This investment underscores Cisco's commitment to expanding its influence in the rapidly gr ...

Remote-First-Company | NEW YORK CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- VAST Data, the AI data platform company, today announced it has extended its collaboration with Cisco (NASDAQ: CSCO), the leader in enterprise networking and security, to further simplify AI deployments for enterprises. Through this growing partnership, Cisco plans to offer the VAST Data Platform natively on select Cisco Unified Computing System (UCS) servers as an integrated solution via Cisco’s global sales team and network of channel ...

While Cisco Systems Inc. CSCO may not be making loud headlines, it's quietly setting the stage for a strong technical breakout. With a Golden Cross in play, tech analyst Jim Lebenthal of Cerity Partners recently tipped Cisco stock on CNBC’s ‘Halftime Report Final Trades’ predicting the stock will "quietly hit a fresh high for the year." Chart created using Benzinga ProThis optimism comes even as Cisco's 2024 has been marked by significant layoffs. The company reduced its headcount by 7% in August after an e ...

OSLO, Norway, Sept. 30, 2024 /PRNewswire/ -- Photocure ASA (OSE: PHO), the Bladder Cancer Company, announces that its partner Asieris Pharmaceuticals (SSE: 688176) communicated that international multicenter Phase III clinical study data for its non-surgical treatment candidate Cevira® (APL-1702) for cervical High-Grade Squamous Intraepithelial Lesion (HSIL) has been published by the 27th Chinese Society of Clinical Oncology (CSCO) Annual Meeting as a poster, focusing on the analysis of different age subgro ...

Cisco Systems (CSCO) closed the latest trading day at $52.85, indicating a +0.38% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.Prior to today's trading, shares of the seller of routers, switches, software and services had gained 5.62% over the past month. This has outpaced the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% ...

News Summary: Cisco and the University of Ottawa partner to arm engineering students with job-ready training needed for IT roles after graduation.Cisco’s Certified Network Associate certification (CCNA), an industry-recognized credential, will be integrated into the university’s Computer and Software Engineering programs, and equipment will be provided to support cybersecurity research.Closing Canada’s skills gap requires collaboration between the public and private sector to build a robust pipeline of netw ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CSCO, META, ...

Increasing focus on cloud computing, network security, big data and cloud storage is expected to boost the Zacks Computer - Networking industry participants’ performance amid the rapid proliferation of AI technology. The players in this space are focused on capitalizing on the multibillion-dollar AI infrastructure opportunity. The accelerated deployment of 5G is driving the proliferation of the Internet of Things (IoT), Advanced Driver Assistance Systems (ADAS), Augmented Reality/Virtual Reality (AR/VR) dev ...

Cisco Systems (CSCO) shares have returned 11% in the past three months, underperforming the Zacks Computer & Technology sector’s drop of 4.4%. The outperformance can be attributed to CSCO’s improving near-term prospects, with strong AI-related order growth.Cisco shares are also trading above the 50-day and 200-day moving averages, indicating a bullish trend.For fiscal 2025, revenues are expected between $55 billion and $56.2 billion. Cisco reported revenues of $53.8 billion in fiscal 2024.CSCO’s 3-Month Pri ...

U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7%, or around 5,600 employees, following an earlier layoff in February, in which the company let go of about 4,000 employees.  As TechCrunch previously reported, Cisco employees said that the company refused to say who were affected by the layoffs until September 16. Cisco did not give a reason for the month-long dela ...