Cisco Systems, Inc.

News and overview for Cisco Systems, Inc.

Cisco Finds Organizations Not Ready to Operate as Usual During Workforce Disruptions [Press Release]
MarketWire | 1 minute ago
SAN JOSE, CA -- (Marketwire) -- 11/23/09 -- Cisco (NASDAQ: CSCO) today announced the results of its "Securing the Mobile Workforce" nationwide survey, conducted last month. The survey shows that while many organizations appreciate the increased employee productivity and other benefits offered by laptop computers, smart phones and


Cisco, Intel help lead broad tech-sector rise - MarketWatch
MarketWatch | 7 days 2 hours 56 minutes ago
Cisco said it raised its bid after only a few Tandberg shareholders agreed to the company's initial offer. Read story about Cisco raising its bid for Tandberg.


Cisco, EMC, VMware to unveil data-center alliance - MarketWatch
MarketWatch | 20 days 1 hour 23 minutes ago
A new book from Ken Auletta should soothe investor worries about the search giant's immediate prospects. But what comes after that?


Cisco, Qualcomm lead broad tech advance - MarketWatch
MarketWatch | 18 days 2 hours 9 minutes ago
Read more about Cisco's earnings report.


Cisco, THQ, Prudential on late-trading deck - MarketWatch
MarketWatch | 18 days 22 hours 50 minutes ago
U.S. financial shares rise, with gains concentrated in insurance and asset-management sectors. Bond insurer Ambac, which has had a few near-death experiences, spiked after posting more than $2 billion in profit. Greg Morcroft reports.


Cisco, Shire, EADS in focus Monday - MarketWatch
MarketWatch | 7 days 4 hours 42 minutes ago
U.S. retail sales increased a seasonally adjusted 1.4% in October, led by a rebound in auto sales, the Commerce Department estimated Monday.


Cisco posts lower profit, but beats views - MarketWatch
MarketWatch | 18 days 19 hours 50 minutes ago
Cisco /quotes/comstock/15*!csco/quotes/nls/csco (CSCO 23.30, +0.39, +1.70%) shares rose more than 3% in after-hours trading.


Cisco earnings expected to fall; outlook is key - MarketWatch
MarketWatch | 19 days 43 minutes ago
Jefferies & Company analyst William Choi cited "bullish signs of continuing order improvement," saying in a Tuesday note, "Cisco is seeing an upturn in business with order trends returning to normal pattern. It is being aggressive with acquisitions and using its strong balance sheet to penetrate new markets and drive new product cycles."


Cisco lifts Tandberg bid to $3.4 billion - MarketWatch
MarketWatch | 7 days 7 hours 53 minutes ago
Cisco, with some $35 billion of cash, took its bid for Tandberg /quotes/comstock/29r!taa (NO:TAA 164.90, +7.30, +4.63%) to 170 kroner a share in cash, above its previous bid of 153.5 kroner.


Exec says Cisco to act with 'prudence' on Tandberg - MarketWatch
MarketWatch | 20 days 22 hours 7 minutes ago
In a company blog post, Ned Hooper, Cisco's chief strategy officer, affirmed the networking-gear maker's belief in the proposed $3 billion deal, but said, "However, no acquisition should be pursued or completed if it runs counter to the broader principles of prudence and financial fairness."


Why does Cisco need to issue $5 billion in debt? MarketWatch First Take - MarketWatch
MarketWatch | 13 days 20 hours 55 minutes ago
But as Dave Novosel, senior analyst at Gimme Credit points out, it's a question of timing, and the fact that the bulk of Cisco's available cash is not really so available, since it is offshore. The company would have to pay repatriation taxes were it to bring any of that cash back to the United States. Read column on Cisco.


H-P buying more ammo to fight Cisco MarketWatch First Take - MarketWatch
MarketWatch | 11 days 20 hours 5 minutes ago
Long-forgotten 3Com, which moved away from Silicon Valley to Marlborough, Mass., has a market cap of about $2.23 billion. Its revenue and profits have been on the decline. H-P appears to be getting the company on the cheap.


Cisco says it could withdraw Tandberg offer - MarketWatch
MarketWatch | 13 days 1 hour 53 minutes ago
The San Jose, Calif.-based networking gear maker, shares of which were down more than 1%, said only 9.4% of the Norwegian video-conferencing firm's shares have been tendered as of Tuesday.





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Company Overview


Company: Cisco Systems, Inc.
Industry: Routing & Switching Equipment
Website: http://www.cisco.com

Cisco Systems routes packets and routs competitors with equal efficiency. Dominating the market for Internet protocol-based networking equipment, the company provides routers and switches used to direct data, voice, and video traffic. Other products include remote access servers, IP telephony equipment, optical networking components, Internet conferencing systems, set-top boxes, and network service and security systems. It sells its products primarily to large enterprises and telecommunications service providers, but it also markets products designed for small businesses and consumers through its Consumer Business Group. Cisco gets about half of its sales in North America.


Key Numbers

Sales in U.S. Dollars (mil.) 36,117 (2009)
One-year % Growth in Sales -8.7 (2009)
Net Income in U.S. Dollars (mil.) 6,134 (2009)
One-year % Growth in Net Income -23.8 (2009)
Number of Employees 66,129 (2008)
One-year % Growth in Number of Employees 7.5 (2008)
Fiscal Year-End July