Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Cisco Systems, Inc. Add to portfolio

NAS:CSCO, Jul 18, 11:53 UTC

Latest NAS:CSCO News

Filter your feed

Apply Filter

Tuesday, July 16


News

Credorax Partners With Cisco to Boost Payments Gateway to the Next Level

CSCO

Credorax, one of the first Fintech companies to evolve into a licensed European Merchant Acquiring Bank, has partnered with Cisco as part of an effort to upgrade and automate its data-center capacity, latency and assurance. Credorax's system is already considered one of the fastest in the world with its cutting-edge high throughput, low latency, and multi-continent redundancy, and Cisco's technology will allow Credorax to push the envelope even further in terms of decreasing transaction latency and increasing throughput. Cisco's software solution for centralized management and monitoring of network components will play a significant role in Credorax's solutions, simplify their roll-out of new products and reduce ongoing cost of ownership. As a licensed merchant acquiring bank, Credorax helps merchants accept payments easily with its recently launched Source gateway. I am confident that this project is the first milestone for a successful cooperation between the two companies." Moshe Selfin, Credorax CTO & COO stated: "We're thrilled join forces with Cisco. We have always strived to provide best-class service to our customers, and are confident that by incorporating Cisco's network platform for data capacity and processing speed into our NextGen payments and acquiring platform, we are offering our merchants the best technology on the market."

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Friday, July 12


News

Thursday, July 11


News

Cisco Webex Brings the Apollo Team Back Together to Mark the 50th Anniversary of Historic Lunar Landing--and You Can Tune in Too

CSCO

PR NewswireJuly 11, 2019, 4:00 PM UTC. ORLANDO, Fla., July 11, 2019 /PRNewswire/ -- Fifty years ago next week, a Saturn V rocket launched the Apollo 11 and the world was never the same. To mark the momentous occasion that led to man's first steps on the moon, the Apollo 50th Gala will take place on July 16 at the iconic Apollo/Saturn V Center at the Kennedy Space Center Visitor Complex. Most of us remember the names of Neil Armstrong and Buzz Aldrin, but it took a huge team of 400,000 to make Apollo 11 a success. McLachlan participated as a swim team member in the splashdown recoveries of the Apollo 8 and Apollo 11 missions. For the Apollo 11 recovery, McLachlan's helicopter and UDT team was the first unit on the scene of the bobbing spacecraft, which was in a stable-2 position (upside down).

Read Full Details

Topics:
  • Business
  • Technology
  • Entertainment
  • Science
News

Global Wireless Healthcare Markets Through 2019-2024: Projecting a CAGR of 27.38% with AT&T, Cisco Systems, and Motorola Solutions Leading - ResearchAndMarkets.com

CSCO MSI

Global Wireless Healthcare Markets Through 2019-2024: Projecting a CAGR of 27.38% with AT&T, Cisco Systems, and Motorola Solutions Leading - ResearchAndMarkets.com. Sensors in soap and hand sanitizer dispensers that communicate with RFID tags in staff identification badges can now determine if and when staff sanitize their hands, which is a key trend for the market. The proliferation of smartphones and the acceptance of wearable devices have made medical device and diagnostic center to experiment with body-worn sensors that can monitor vital signs and transmit them in real time to an online platform that can be remotely accessed. However, cybersecurity and privacy issues are restraining the market growth as vast amounts of health data are generated in the process of treatment in medical centers such as hospitals and clinics and the theft of the data can degrade the privacy of the data. The wireless healthcare market is fragmented as the players are striving to increase their market share through strategies such as improvements in existing solutions and software platforms, development of new platforms, and strategic alliances with other market players. Therefore, several players account for significant individual shares in the market.

Read Full Details

Topics:
  • Business
  • Health
  • Technology
  • Science

Wednesday, July 10


News

Cisco Stock Investors Party Like It’s 1999. It’s Not.

ACA CSCO

Those days are gone, along with the sweet, sad song of your dial-up modem. But Cisco stock is up 33% so far in 2019. The bull run continued July 10 as analysts applauded its $2.6 billion buyout of Acacia Communications (NASDAQ:ACIA), due to close at the back end of a fiscal year that begins in August. Buying the company gives Cisco intellectual property it can use to keep selling gear to both the Cloud Czars and their retinue, the co-location sites, telcos and scaled enterprises that are constantly demanding more speed from their connections. The companies I call the Cloud Czars — Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB) — are always focused on cutting costs in their data centers, where capital spending now costs $100 billion per year.

Read Full Details

Topics:
  • Business
  • Financial
News

The $2.6B Cisco-Acacia Deal: 2 Analyst Takes On The Optics

ACA CSCO

Tech giant Cisco Systems, Inc. (NASDAQ: CSCO) proposed Tuesday to acquire optical company Acacia Communications, Inc. (NASDAQ: ACIA) in a deal that is "more expensive than it appears," according to Bank of America Merrill Lynch. On the offensive side, the deal will expand Cisco's switches and routers through adding new use cases and target markets, the analyst said. The ultimate cost Cisco will pay is higher than $2.6 billion, as the deal will likely prompt some of Acacia's customer base that competes directly with Cisco to find alternatives, according to BofA. From a historic point of view, companies Cisco acquires typically "disappear" inside of Cisco and are merely featured within Cisco's products, Genovese said in a Tuesday note. While Cisco said it will continue supporting Acacia's customers, the history "suggests otherwise," the analyst said.

Read Full Details

Topics:
  • Business
  • Financial
News

Will Cisco Increase Its Exposure to China by Buying Acacia?

ACA CSCO

Cisco will pay $70 per share for Acacia, representing a 46% premium to its closing price on Monday, and the deal should close in the second half of Cisco's fiscal 2020, which ends next July. Buying Acacia could reduce Cisco's supply chain costs, enable it to sell upgraded gear to hyperscale data center owners like Amazon, and establish a new revenue stream by selling optical components to other companies. That ban was ultimately reversed, but Acacia still generated 29% of its sales from China last year. For comparison, Cisco only generates about 3% of its sales from China. So would buying Acacia significantly increase Cisco's exposure to China, the trade war, and tariffs? Wall Street expects Acacia's revenue to rise 34% to $455.5 million this year, while Cisco's revenue is expected to grow 5% to $51.8 billion. Assuming Acacia generates 40% of its revenue from China this year, that would equal just $182 million, or just 0.3% of the two companies' combined revenues.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, July 09


News

Cisco (CSCO) to Acquire Acacia Communications (ACIA) for $2.6 Billion

ACA CSCO

Cisco Systems CSCO announced early Tuesday that it has entered into an agreement to acquire Acacia Communications ACIA for approximately $2.6 billion net of cash and marketable securities. The acquisition is expected to close during the second half of Cisco’s fiscal year 2020 (Cisco will begin its fiscal 2020 in August). Meanwhile, Cisco stock was up less than a percent as the acquisition is the tech giant’s third this year, and is relatively small compared to Cisco’s size. Cisco said that it will continue to serve Acacia’s customers, while also integrating Acacia’s technology with its own in order to better serve its own customers and expand its customer base. Some analysts, however, worry that the acquisition will cause Acacia to lose some customers as it currently supplies products to some of Cisco’s competitors such as Nokia Corp. NOK, Huawei Technologies, and ZTE Corp. ZTCOY.

Read Full Details

Topics:
  • Business
  • Technology
  • Financial
  • Science
News

Cisco goes deeper into photonic, optical technology with $2.6B Acacia buy

ACA CSCO

Cisco goes deeper into photonic, optical technology with $2.6B Acacia buy. Looking to bulk-up its optical systems portfolio, Cisco says it intends to buy Acacia Communications for approximately $2.6 billion. Acacia develops, manufactures and sells high-speed coherent optical interconnect products that are designed to transform networks linking data centers, cloud and service providers. "With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming increasingly strategic,” said David Goeckeler, executive vice president and general manager of Cisco's networking and security business in a statement. “The acquisition of Acacia will allow us to build on the strength of our switching, routing and optical networking portfolio to address our customers' most demanding requirements." For Cisco, one of the key drivers for making this deal was Acacia’s coherent technology – “a fancy term that means the ability to send optical signals over long distances,” said Bill Gartner, senior vice president of Cisco’s Optical Systems and Optics business.

Read Full Details

Topics:
  • Business
  • Technology
  • Financial
  • Science
News

Cisco Acquires Acacia in $2.6 Billion Deal to Boost Networks

ACA CSCO

Cisco Acquires Acacia in $2.6 Billion Deal to Boost Networks. BloombergJuly 9, 2019, 3:55 PM UTC. Jul.09 -- Cisco Systems Inc. agreed to purchase Acacia Communications Inc. in a deal worth $2.6 billion or $70 per share. Bloomberg's Emma Chandra reports on "Bloomberg Markets." What to read next.

Read Full Details

Topics:
  • Business
  • Financial