Wall Street expects a Cisco ‘pop’ today after earnings beat
Investors are driving up Cisco shares after the tech giant reported earnings Wednesday that topped analysts’ expectations and offered financial guidance that also beat the Street.
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Cisco selling part of NDS video, acquired for $5B, to Permira
Cisco is selling its Service Provider Video Software Solutions business, formerly known as NDS, which Cisco acquired for $5 billion in 2012, to private equity firm Permira. After the deal closes, Permira plans to launch a new, rebranded company to video solutions for the Pay-TV industry.
Read MoreHow did Chuck Robbins turn around Cisco? An analyst says …
Chuck Robbins is turning Cisco inside out and the company’s stock is surging as a result. What’s he doing? How’s he doing it? An analyst offers his views.
Read MoreRobbins continues to shake up Cisco management with more changes
Chuck Robbins is making more changes in networking giant Cisco, continuing to reshape the executive team in his image two years after replacing John Chambers
Read MoreJohn Chambers’ farewell: ‘It has truly been a joy, one that I hope that I continue to give back’
“I think this company has the courage to dream big dreams like no one else, sets audacious goals of being one or two in everything we do, build a team that is diverse and challenges each other and not always an agreement, but once we decide to move, we move as one organization,” says John Chambers as he steps away from active role at Cisco.
Read MoreJohn Chambers’ era at Cisco comes to a close; CEO Robbins calls longtime chair-CEO ‘the cornerstone in our history’
“No other person is more responsible for Cisco’s significant technological and societal contributions and you will always be a part of Cisco just as I imagine Cisco will always be a part of you,” says Cisco CEO Chuck Robbins to longtime chairman John Chambers, whom Robbins replaced as CEO.
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