The day after Cisco Systems Inc. announced its third-quarter 2024 earnings, investors are wavering on the results, as the stock was falling 2% this morning, reversing a 5% jump after-hours Monday. The company reported revenue of $12.7 billion, down 13% year-over-year — 16% without Splunk — and $70 million ahead of consensus estimates. Gross margins remain best-in-class for an infrastructure vendor at 68.3%.
All security eyes are on San Francisco this week as the RSA Conference kicks off. One vendor with some early news is Cisco Systems Inc., which unveiled a salvo of new offerings in its Cisco Security Cloud. Designed to support and safeguard artificial intelligence, the features aim to help companies protect their applications, devices, users and data.
Arista Networks Inc. today released a new network observability software offering that brings together network infrastructure performance and data from compute and server systems of record to provide application and workload performance insights for data centers, campuses and wide-area networks.
Cisco Systems Inc.‘s fiscal second-quarter earnings report today was certainly a mix of good and bad. The networking giant put up a solid quarter, with earnings per share of 87 cents, slightly ahead of its guide, and revenue of $12.8 billion, which was at the high end of its estimate from last quarter.
As usual, Cisco Systems Inc.‘s annual user conference, Cisco Live EMEA in Amsterdam, serves as a platform for the networking giant to release the latest innovations across many of its product lines. Although this event is considerably smaller than the U.S. Cisco Live, it’s important for the company as Europe, the Middle East and Africa is a highly diverse region spread out across 120 countries.