The layoffs, which account for 5% of the company’s workforce, will begin in 2014. The stock had initially slipped by 4% after Cisco released its financial results for its fiscal fourth quarter. In the prior two quarters, Chambers had said he was cautiously optimistic and that the economic environment was “slow but steady.” He struck a decidedly more sedate tone on Wednesday’s conference call with Wall Street analysts, saying the global economic environment has been “challenging and inconsistent.” Chambers explained he’s “real pleased” with Cisco’s growth, but “it’s just not growing as fast as we need.” The company needs to work more quickly and focus on growth areas, he said. But he made clear that he isn’t at all worried about Cisco’s performance against its competitors. “A lot of it depends on GDP and global markets growth,” Chambers said. “We’re just not seeing it.” Overall, Cisco earned $2.8 billion on sales of $12.4 billion for its fiscal fourth quarter — and each figure was just a hair above Wall Street expectations. In-line results weren’t quite enough to please investors who have become accustomed to Cisco trouncing analysts’ forecasts.
For the original version including any supplementary images or video, visit http://money.cnn.com/2013/08/14/technology/enterprise/cisco-earnings/index.html
Cisco unveils nPower network processor
Always important when discussing dividends is the fact that, in general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Cisco Systems, looking at the dividend history chart for CSCO below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2.8% annualized dividend yield. Turning to the other side of the option chain, we highlight one call contract of particular interest for the July 2014 expiration, for shareholders of Cisco Systems ( NASD: CSCO ) looking to boost their income beyond the stocks 2.8% annualized dividend yield. Selling the covered call at the $25 strike and collecting the premium based on the $1.46 bid, annualizes to an additional 7.4% rate of return against the current stock price (this is what we at Stock Options Channel refer to as the YieldBoost), for a total of 10.2% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but CSCO shares would have to advance 3.4% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 9.4% return from this trading level, in addition to any dividends collected before the stock was called. Click here to find out the Top YieldBoost CSCO Calls The chart below shows the trailing twelve month trading history for Cisco Systems, highlighting in green where the $22 strike is located relative to that history, and highlighting the $25 strike in red: The chart above, hosting UK and the stocks historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2014 put or call options highlighted in this article deliver a rate of return that represents good reward for the risks. We calculate the trailing twelve month volatility for Cisco Systems (considering the last 249 trading day closing values as well as todays price of $24.18) to be 23%.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/stockoptionschannel/2013/09/23/interesting-july-2014-stock-options-for-cisco-systems/
Interesting July 2014 Stock Options for Cisco Systems
The company also introduced new IP cameras. This is great example of how businesses and organizations can use the Internet of Things to gain efficiency, harness intelligence, improve operations and increase customer satisfaction, Guido Jouret, vice president and general manager of Ciscos Internet of Things Group, said in a statement. The Internet of Things is a vision where more intelligence and sensors are put into connected systemsfrom industrial machines to home appliances to automobilesand businesses are given the ability to rapidly collect, store and analyze the data being received. Cisco CEO John Chambers and other executives have said the company will be aggressive in developing technologies and products for the Internet of Things. Ciscos VSM7 is aimed at doing this for video surveillance systems. Its a market that promises to grow over the next several years. Citing numbers from Markets and Markets, Cisco officials said the surveillance systems and services market could hit $36.28 billion by 2018, as organizations look to use these systems to protect their businesses, employees and customers, and to reduce their risks. Given that, companies are looking for secure and flexible surveillance architectures that can manage the growing numbers of cameras theyre using and to collect, search and analyze the data theyre receiving. Ciscos upgraded VSM7 includes a feature called Federator, which enables companies to manage millions of IP distributed cameras via a single user interface. Another feature, Dynamic Proxy, lets multiple users in different locations see high-quality video from the same video streams by efficiently managing network bandwidth.
For the original version including any supplementary images or video, visit http://www.eweek.com/security/cisco-upgrades-video-surveillance-portfolio-for-internet-of-things.html
Cisco Upgrades Video Surveillance Portfolio for Internet of Things
24 Cisco Systems executives on Sept. 24 will unveil a networking system they say will underpin the infrastructure for the upcoming wave of the Internet of Everything. For the longest time, networking was about speed and costincreasing how quickly data could move around and between data centers, and doing so while continuously reducing costs. However, thats changing, according to Cisco officials. While speed and cost are still important factors in networking, the real challenge will be the rapid increase in Internet traffic that will happen in the coming years, driven by such trends as cloud computing, mobility, video and machine-to-machine (M2M) connections, according to Pankaj Patel, executive vice president and chief development officer at Cisco. In my 20 years in networking, I have seen various market transitions in the networking industry and many of those were led with innovation on how to tackle the immense growth in bandwidth, Patel wrote in a post on the Cisco blog . And today we are at the crossroads of another such transitionand this time it is not just about solving the bandwidth challengeas it is not just about growth in video, cloud, and mobility but also people connecting with various data , processes and things. By 2017, there will be more than 12 billion smart devicesfrom phones and televisions to tablets and smartphonesand more than 8.2 billion M2M nodes, as compared with 2.6 billion in 2012, he wrote.
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Cisco to Unveil Networking for Internet of Things Sept. 24
Backed by Cisco’s rich heritage in networking silicon innovation, the nPower X1 integrated network processor the first generation of the nPower processor family becomes the industry’s first network processor capable of scaling to multi-terabit performance levels while handling trillions of transactions. Delivering unprecedented network speed and intelligence, the nPower X1 is purpose-built for software-defined networking (SDN), enabling on-the-fly reprogramming for new levels of service agility and simplified network operation. The nPower X1, which incorporates over 50 patents, also features first true 400 Gigabits-per-second (Gbps) throughput from a single chip, to enable multi-terabit network performance. All packet processing, traffic management and input/output functions are integrated on a single nPower X1 and operate at high performance and scale. The nPower X1 features highest-performing programmable control designed to seamlessly handle hundreds of millions of unique transactions per second. The nPower’s industry-leading processing architecture is purpose built for machine-driven events and ultra-high-definition video applications. With 4 billion transistors on a single chip, the nPower X1 implementation achieves unprecedented levels of performance, functionality, programmability, and scale for a network processor.
For the original version including any supplementary images or video, visit http://it.tmcnet.com/news/2013/09/23/7429773.htm