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 ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying CSCO stock? Here’s what analysts think:Read More: ...

Cisco Systems TodayCSCOCisco Systems$48.53 +3.09 (+6.80%) 52-Week Range$44.50▼$58.19Dividend Yield3.30%P/E Ratio16.34Price Target$56.50Add to WatchlistCisco Systems NASDAQ: CSCO Q4 results and guidance prove that its AI play was smart. Once a networking giant and now a networking and AI-powered data management platform, the company outperformed its guidance and analysts estimates, raised guidance, and the guidance is likely cautious. The takeaway is that weakness in the legacy business is offset by strength ...

Sundry Photography I presented a ‘Sell’ thesis for Cisco (NASDAQ:CSCO) in my previous article published in March 2024, highlighting their internal issue of inventory destocking and sluggish demands from Telco/Cable markets. The company released its Q4 result on August 14th , showing a 10.3% decline in total revenue. The stock price has underperformed the S&P 500 since my last article. The company announced a second round of job cuts this year and a shift in focus towards growth areas such as AI and cybe ...

Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Cisco reported fiscal fourth-quarter revenue of $13.64 billion, exceeding the analyst consensus estimate of $13.537 billion. The company reported adjusted EPS of $0.87, topping analyst consensus estimates of $0.85.Needham analyst Alex ...