The networking industry has been going through a major shift – the transition to the cloud. The term “cloud” was once foreign to network managers, but an increasingly dynamic and distributed workforce accelerated by the pandemic has forced network engineers to do things differently. The cloud removes the burden of managing the network box-by-box by decoupling control from the hardware and centralizing it.
The Ronald Reagan Presidential Foundation and Institute has a history of hosting Republican presidential debates at the Reagan Library. However, for the most recent Republican presidential debate on Sept. 27, 2023, the foundation faced the unique challenge of doubling its wireless network capacity.
After the closing bell sounded on Monday, the Wall Street Journal ran a story stating that Hewlett Packard Enterprise Co. was nearing a deal to acquire Juniper Networks Inc. for $13 billion. When the story ran, Juniper’s market cap was roughly $10 billion, meaning the purchase price of $13 billion represents a 30% premium on where the stock was trading.
It was an interesting year for the world’s largest networking vendor. Cisco Systems Inc. put up record revenue and earnings despite a highly volatile macro environment affected by wars, social issues, inflation, rising interest rates and the like. The company also made the biggest acquisition in its history in September when it announced the purchase of Splunk.
Networking giant Cisco Systems Inc. reported good news/bad news numbers in its fiscal first-quarter 2024 results this week, handily beating expectations but lowering its outlook. Revenue and earnings for the quarter were $14.67 billion and $1.11 per share, respectively, compared wth Street expectations of $14.61 billion and $1.03 per share. However, Cisco’s outlook was lower than expected.