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%.
Extreme Networks Inc. recently held its annual user conference, Connect, in Fort Worth, Texas, where everything is big. In keeping with that tradition, Extreme had its own big news from the show. Day 1 news involved Extreme being approved for standard power for the 6-gigahertz spectrum for Wi-Fi. This new band was added to Wi-Fi 6E and 7, providing clean spectrum and speeds north of 1 gigabits per second.
Arista Networks Inc. today announced an enhancement to Arista MSS — Multi-Domain Segmentation Service — to create a zero-trust enterprise network. “We tried to overcome one of the biggest challenges of micro-segmentation technologies that are always deployed in islands today,”Alessandro Barbieri, director of product management at the company, told me in a briefing.
With Zscaler Inc.‘s announced acquisition today of startup Airgap Networks Inc., a network access and segmentation tech provider, the cybersecurity provider is looking to address gaps in operational technology. No financial terms for the purchase were provided, but Airgap has raised a little over $13 million since it was founded in 2019, so the deal is likely under $100 million. Recently, I spoke with Naresh Kumar (pictured), vice president and general manager of product management at Zscaler, to review the acquisition details. He put the deal in perspective.
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.