Networking Equipment

Cisco Down 12% in Premarket Trading Thursday After Top Line Miss and Lower Forecast

Edward Kim | |

Revenue was flat year-over-year, and the company forecast a surprise decline in the current quarter.

Industry Analyst on Cisco 2022 Growth Challenges: Jeff Kagan

Jeff Kagan | |

What can we expect from Cisco in 2022? As an industry analyst, I have followed many companies like Cisco and others in the telecommunications sector for decades. Recently, due to issues like the ongoing semiconductor chip shortage, supply chain delays and the coronavirus, it’s becoming more difficult for these companies to maintain balance and keep up with demand. Let’s take a look at the performance, challenges and what we can expect in 2022.

Cisco Posts Improved Fiscal Q3 But Warns That Q4 Will Miss Estimates

Reuters | |

Cisco Systems Inc on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast its current-quarter profit below estimates, sending shares of the network gear maker down 5%.

The warning comes as all tech companies are facing a global chip shortage.

Cisco Reports Lower Revenue for Fiscal Q2; Forecasts Improvement in Current Quarter

Reuters | |

Cisco Systems Inc on Tuesday reported a decline in revenue for a fifth straight quarter, as enterprise clients spent less on its network infrastructure products for offices due to the rise of remote working.

The dour performance overshadowed a better-than-expected forecast for current-quarter revenue and sent the company’s shares 4% lower in extended trading. The stock had risen nearly 8% last week ahead of the results.

China's Antitrust Regulator Approves Cisco's Acquisition of Acacia Communications

Kimberly Redmond | |

China’s antitrust regulator approved Cisco Systems' acquisition of Acacia Communications, just days after the deal almost fell apart.

On Tuesday, the State Administration for Market Regulation (SAMR) said it granted conditional approval for the $4.5 billion dollar merger, saying that the companies must ensure fair market competition and continue supplying certain products without discrimination or unreasonable terms. 

Samsung Electronics Wins $6.64 Billion Order From Verizon for Wireless Networking Equipment

Reuters | |

Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market.

Samsung’s global prospects for its network business have improved following U.S. sanctions on its bigger rival Huawei, analysts said.

Verizon CEO Hans Vestberg told CNBC in July last year tha...

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