Cisco Systems Inc. CSCO, +0.41% is planning thousands of job cuts as it restructures its business to focus more on high-growth markets, according to a Reuters report Friday, which cited three people familiar with the matter. The networking giant has a worldwide workforce of 84,900 as of fiscal 2023. Cisco declined comment on the report. Shares of Cisco dropped 10% in mid-November, a day after it reported quarterly results that beat on the top and bottom lines but gave weaker-than-expected revenue guidance ...

Cisco Systems (CSCO) is set to release its second-quarter fiscal 2024 results on Feb 14.The company anticipates second-quarter fiscal 2024 revenues between $12.6 billion and $12.8 billion. Non-GAAP earnings are expected to be between 82 and 84 cents per share.The Zacks Consensus Estimate for revenues is pegged at $12.72 billion, indicating a decline of 6.38% from the year-ago quarter’s reported figure.The consensus mark for earnings has decreased by a penny in the past 30 days to 84 cents per share.CSCO’s e ...

Wall Street analysts expect Cisco Systems (CSCO) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 4.6%. Revenues are expected to be $12.72 billion, down 6.4% from the year-ago quarter.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a com ...

BARCELONA, SPAIN - JANUARY 30: A logo sits illuminated outside the Cisco booth at ISE 2024 on ... [+] January 30, 2024 in Barcelona, Spain. This year the 20th edition of Integrated Systems Europe (ISE) is being held, the sixth in Barcelona. The hall occupies the entire surface of the Fira Gran Via exhibition center with 82,000 square meters, 30% more than last year. This year there are 1,340 exhibitors and more than 90,000 visitors are expected to attend. (Photo by Cesc Maymo/Getty Images)Getty ImagesCisco ...

Among investment opportunities, identifying the companies set to shape the whole industry is similar to unlocking a treasure trove of potential wealth. Certain stocks emerge as return rockets within a complex web of markets and industries fueled by transformative technologies and strategic moves. This article delves into three mega-trend stocks that may redefine investment returns by 2028.From the field of cutting-edge AI infrastructure to the corridors of software dominance and the highways of autonomous d ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Cisco Systems (CSCO) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 14 ...

News Summary: Addressing the need to connect, secure and assure increasingly complex applications and networks, Cisco introduces new integrations across networking and security portfolios. IT teams can manage more of their campus and branch secure networking technologies from a unified AI-driven cloud platform with additions to the wireless and switching portfolios. Customers can advance the support of AI/ML workloads in data centers of all sizes with new Cisco Validated Designs and UCS-X Series Direct. A ...

Latest Innovations Empower Customers with Visibility, Insights and Actions to Improve Overall Performance and Experience Across the Technology Stack News Summary: Latest innovations include Digital Experience Monitoring (DEM) with Real User Monitoring (RUM) and Session Replay for cloud-native applications, observability for Kubernetes workloads using extended Berkeley Packet Filters (eBPF), Unified Observability Experience across cloud and hybrid environments, and the new Cisco AIOps for Full-Stack Observa ...

Continues drive towards making AI pervasive in the Cisco Security Cloud News Summary: New innovations mark significant momentum for the Security Cloud, Cisco's unified, AI-driven, cross-domain security platform. Cisco introduces first-of-its-kind Identity Intelligence to help protect against identity-based attacks. With new AI capabilities, Cisco is tipping the scales in favor of defenders by helping make informed decisions, augmenting existing capabilities and automating complex tasks. AMSTERDAM, Feb. 6 ...

News Summary: Increases Generative AI (GenAI) adoption velocity from months to days. Reduces GenAI security, trust, compliance, and cost risks. Unlocks deep visibility and insights into operational and business metrics. AMSTERDAM, Feb. 6, 2024 /PRNewswire/ -- CISCO LIVE EMEA -- Cisco (NASDAQ: CSCO) today announced Motific, Cisco's first SaaS product that allows for trustworthy generative AI (GenAI) deployments in organizations. Born from Outshift, Cisco's incubation business, Motific provides a central vi ...