Tech giant Cisco – one of the largest employers in RTP with several thousand workers – saw its stock drop some 14% in trading Thursday after cutting its earnings and revenue forecast.
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Cisco delivered big news about a whopper of a deal early Thursday, disclosing plans to spend $28 billion to acquire cybersecurity firm Splunk. Why do the deal? Cisco Chair and CEO Chuck Robbins explains.
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Cisco chair and CEO Chuck Robbins will take over as chair of the Business Roundtable effective Jan. 1. Here are the details.
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Cisco’s financials disclosed after the markets closed Wednesday beat Wall Street estimates. And the top exec at the tech giant which employs thousands in RTP likes what he’s seeing.
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Tech giant Cisco is going to invest $1 billion in expanded manufacturing capabilities in India, saying the move will further diversify its supply chain as well as help meet what it says is growing customer demand in that country.
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CEO Chuck Robbins tells analysts in a conference call that business is good despite all the talk about inflation, recession and layoffs in the tech sector.
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Tech giant Cisco – one of the largest private sector employers in the Triangle , reporting earnings and revenues that topped Wall Street expectations on Wednesday. And in a conference call with analysts CEO Chuck Robbins was very upbeat.
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Cisco shares took a hammering in after-hours trading Wednesday after the tech giant reported revenues below expectations and its CEO warned of more “uncertainty” to come, citing the war in Ukraine and COVID impact on supply chains in China. Check out what Chuck Robbins had to say.
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The Wall Street analyst went after Cisco CEO Chuck Robbins with a direct question about a possible acquisition of software giant Splunk – what he described aas the “$20 billion question.”
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