This story was written for the subscribers of studying The Markets and has been updated as of July 21, 2022, where italicized.
Cisco (NASDAQ:CSCO) shares have struggled in 2022, along with the broader markets. Cisco's weakness is tied to the company's poor underlying fundamentals, resulting in analysts lowering their earnings and sales outlook.
Estimates for 2022, 2023, and 2024 are all well off their highs and may have only started to bottom. Whether estimates fall further will have to wait until the company reports fiscal fourth quarter results in the middle of August.
The weak business outlook has led the stock and PE ratio lower. Based on several conditions, the stock appears to be cheap. The stock trades more than one standard deviation below its five-year historical PE ratio. The current one-year forward PE ratio of 12.27 is below that average of 15.31. On a relative basis, the stock trades at a discount versus the S&P 500 IT sector and the S&P 500.
Of course, the only thing that will matter is what the company has to say when they report results. Fiscal fourth quarter results are expected to be very weak, with earnings declining by 3% to 0.82 per share, on a 3% revenue decline to $12.73 billion. Gross margins are forecast to decrease by 1% vs. a year ago to 64.7% from 65.6%.
With expectations for a weak quarter baked into a stock price, someone is betting that Cisco will turn things around. On July 19, the open interest for the August 19 $40 puts and calls rose by roughly 11,500 contracts each. The data shows this was a spread transaction with the trader paying $3.89 per contract for the calls and receiving 0.71 per contract for the puts. The trader spent $3.18 per contract for the bullish bet. It would suggest that Cisco is trading above $43.18 by the middle of August.
Additionally, on July 18, the open interest for the same pair of options increased by 10,500 contracts. The data showed the August 19 $40 calls were bought for $3.81, while the $40 put contracts also were purchased for $0.84, creating a straddle. In this case, the trader is betting the stock will trade above $44.65 or below $35.35 by expiration.
The chart shows that the stock has broken out, clearing a trend line and rising above $44. It has the potential to run much higher, maybe as high as $48.5.
Following the company's third-quarter results, shares of Cisco fell sharply, creating a gap from $48.5 to down to $43.90. Typically, when stocks fall sharply and gaps form, over time, those gaps tend to get filled. Now that the shares have moved above resistance around $44, there would be no resistance to prevent the stock from filling the gap back to $48.5.
Additionally, momentum may be swinging back to the bullish side of things. The relative strength index is now trending higher. It also rose above a significant resistance zone at 52. Now that the RSI climbed above the 52 level, it would indicate that momentum has shifted from bearish to bullish, suggesting bullish momentum in the strong.
While Cisco is not the most exciting name, the options and technicals suggest there may be further room to rally in the coming weeks. Earnings are still about a month away, but with low expectations, this could be one equity that provides a positive report since estimates have already been cut drastically.
Investing today is more complex than ever. With stocks rising and falling on very little news while doing the opposite of what seems logical. Reading the Markets helps readers cut through all the noise delivering stock ideas and market updates, looking for opportunities.
We use a repeated and detailed process of watching the fundamental trends, technical charts, and options trading data. The process helps isolate and determine where a stock, sector, or market may be heading over various time frames.
MTN Nigeria recently hosted its 2020 set of graduating scholars to an employability workshop.
The workshop had facilitators from Google, Oracle and Cisco including a Jobberman representative, Precious Ajoonu. The scholars were exposed to information on how to use data analytics to Boost businesses, the basics of entrepreneurship and cyber-security, and the steps needed to create impactful applications using Oracle APEX.
Furthermore, scholars received tips on how to search for jobs effectively.
A Google certified trainer, Kenneth Awom, while speaking on the process of analytics, highlighted questions that would aid the process.
He said: “In creating a process for analytics, the following questions can help; what is my objective? What questions do I need to address? Where do I get the information and what do I do with the information I get?”
He stated that the fastest ways to drive sales for a business is by using data derived from analytics to identify valuable customers and find new ways to retain the ones you already have through their behavioral pattern.
Austine Ijeoma of Cisco, on the other hand, spoke on the importance of value creation in entrepreneurship.
He further explained how entrepreneurs can set Specific, Measurable, Achievable, Realistic, and Time-bound (SMART) goals for their businesses.
On cyber-security, Sati Satmer Dapel of Cisco said, “Cyber-security is very important because we are in a world of digitalisation. A lot of information is exchanged online hence, it is important to know how secure your business platform is.”
Newark, Calif., March 24 2005. nSys Design Systems Pvt. Ltd. a rapidly emerging leader for Verification IPs, today announced that Cisco Systems has signed an agreement to license nSys PCI Express nVS verification tools for use in its chip design efforts. Cisco engineers across multiple projects are now using PCI Express nVS product to verify the correct operation of the PCI Express interface in their chip designs. The tool helps Cisco engineers catch potential bugs during pre-silicon verification.
The PCI Express architecture is a fast emerging as the serial interconnect technology of future that provides high-bandwidth, low pin-count implementations for optimized performance.
“The nVS for PCI Express from nSys has rich set of features that are required not only for verifying compliance to standards but also for testing that the PCI Express core is integrated properly with the rest of the SoC. With PCI Express nVS, nSys is providing Cisco with a complete verification solution integrated to work with their verification environments across multiple business units.” said nSys Director Atul Bhatia.
About PCI Express nVS:
The nVS (nSys Verification Suite) from nSys is the most widely accepted and proven Verification IP for PCI Express available in native Verilog and VHDL.
The nVS is a complete verification suite consisting of Bus Function Model (BFM), Monitor/Checker & Test Suites for functional verification of PCI Express components. The nVS allows design and verification engineers to quickly & extensively test the entire functionality of their PCI Express compliant devices. Availability of Test Suites enables the designer to focus on features unique to his design. The nVS leverages advanced verification techniques in creating a versatile testbench environment.
nSys provides flexible solutions to reduce time-to-market for its customers by addressing their verification needs for SoC development. By leveraging its vast experience in standards-based product development, the nSys team creates verification solutions that solve the most challenging functional verification problems in the world. The nSys solutions are in the form of Verification IPs backed by services.
For more information, please visit nSys at www.nsysinc.com or contact nSys directly at: 510 217-5917.
*PCI Express is a trademark of PCI-SIG. Other names and brands may be claimed as the property of others.
For the readers interested in the stock health of Cisco Systems Inc. (CSCO). It is currently valued at $45.37. When the transactions were called off in the previous session, Stock hit the highs of $45.49, after setting-off with the price of $45.11. Company’s stock value dipped to $44.83 during the trading on the day. When the trading was stopped its value was $45.62.Recently in News on July 29, 2022, How Cisco Is Pursuing Social Justice Through provider Diversity. By Stacey Faucett. You can read further details here
Cisco Systems Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $63.35 on 01/03/22, with the lowest value was $40.82 for the same time period, recorded on 07/05/22.
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cisco Systems Inc. shares are logging -29.42% during the 52-week period from high price, and 11.15% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $40.82 and $64.29.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 23696771 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cisco Systems Inc. (CSCO) recorded performance in the market was -28.40%, having the revenues showcasing -10.39% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 184.85B, as it employees total of 79500 workers.
During the last month, 11 analysts gave the Cisco Systems Inc. a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 12 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 48.36, with a change in the price was noted -10.22. In a similar fashion, Cisco Systems Inc. posted a movement of -18.38% for the period of last 100 days, recording 22,972,941 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CSCO is recording 0.23 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.21.
Raw Stochastic average of Cisco Systems Inc. in the period of last 50 days is set at 47.15%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 90.19%. In the last 20 days, the company’s Stochastic %K was 92.83% and its Stochastic %D was recorded 88.07%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -28.40%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -16.94%, alongside a downfall of -17.61% for the period of the last 12 months. The shares increased approximately by 2.05% in the 7-day charts and went down by 5.81% in the period of the last 30 days. Common stock shares were lifted by -10.39% during last recorded quarter.
Washington, July 9 (IANS) A US court has charged a man that ran 19 companies and at least 15 Amazon storefronts, 10 eBay storefronts and multiple other entities that sold fraudulent and counterfeit Cisco networking devices worth $1 billion.
A federal grand jury in the District of New Jersey charged Onur Aksoy, aka Ron Aksoy, aka Dave Durden, 38, of Miami with running a massive operation over many years to traffic in fraudulent and counterfeit Cisco networking equipment with an estimated retail value of over $1 billion.
He imported tens of thousands of fake Cisco devices from China and Hong Kong and resold them to customers in the US and overseas, falsely representing the products as new and genuine, the US Department of Justice said in a statement late on Friday.
The operation allegedly generated over $100 million in revenue, and Aksoy received millions of dollars for his personal gain.
According to the indictment, the devices were typically older, lower-model products, some of which had been sold or discarded, which Chinese counterfeiters then modified to appear to be genuine versions of new, enhanced, and more expensive Cisco devices.
The Chinese counterfeiters added pirated Cisco software and unauthorised, low-quality, or unreliable components, including components to circumvent technological measures added by Cisco to the software to check for software license compliance and to authenticate the hardware.
Finally, to make the devices appear new, genuine, high-quality, and factory-sealed by Cisco, the Chinese counterfeiters allegedly added counterfeited Cisco labels, stickers, boxes, documentation, packaging, and other materials, the Justice Department said.
Aksoy is charged with one count of conspiracy to traffic in counterfeit goods and to commit mail and wire fraud; three counts of mail fraud; four counts of wire fraud; and three counts of trafficking in counterfeit goods.
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Aug 02, 2022 (Alliance News via COMTEX) -- Key Companies Covered in the Devops Tool Research are Spirent Communications plc, Saltstack, IBM, VMware, Cisco, ServiceNow, Rally, Splunk, Nolio, Red Hat, Atlassian, Puppet Labs, Rackspace, Docker Inc., HP, Microsoft, CFEngine, AnsibleWorks, CA Technologies, DBmaestro, WMS and other key market players.
The Devops Toolmarket revenue was $$ Million USD in 2016, grew to $$ Million USD in 2022, and will reach $$ Million USD in 2030, with a CAGR of % during 2022-2030.
Global Devops Tool Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyzes the potential of the global Devops Tool industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy Analysis, opportunities and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this report analyzed the market of leading 20 countries and introduce the market potential of these countries.
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Most important types of Devops Tool products covered in this report are:
Collaboration and Organizational Tools
Configuration Management Tools
Build Automation Tools
Application and Infrastructure Monitoring Tools
Most widely used downstream fields of Devops Tool market covered in this report are:
Government and Public Sector
Top countries data covered in this report:
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Chapter 1 is the basis of the entire report. In this chapter, we define the market concept and market scope of Devops Tool, including product classification, application areas, and the entire report covered area.
Chapter 2 is the core idea of the whole report. In this chapter, we provide a detailed introduction to our research methods and data sources.
Chapter 3 focuses on analyzing the current competitive situation in the Devops Tool market and provides basic information, market data, product introductions, etc. of leading companies in the industry. At the same time, Chapter 3 includes the highlighted analysis–Strategies for Company to Deal with the Impact of COVID-19.
Chapter 4 provides breakdown data of different types of products, as well as market forecasts.
Different application fields have different usage and development prospects of products. Therefore, Chapter 5 provides subdivision data of different application fields and market forecasts.
Chapter 6 includes detailed data of major regions of the world, including detailed data of major regions of the world. North America, Asia Pacific, Europe, South America, Middle East and Africa.
Chapters 7-26 focus on the regional market. We have selected the most representative 20 countries from 197 countries in the world and conducted a detailed analysis and overview of the market development of these countries.
Chapter 27 focuses on market qualitative analysis, providing market driving factor analysis, market development constraints, PEST analysis, industry trends under COVID-19, market entry strategy analysis, etc.
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Define, describe and forecast Devops Tool product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Table of Content:
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List of Factors Covered in the Report are:
Major Strategic Developments:The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.
Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most accurate developments, combined with the pertinent market segments and sub-segments.
List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter's five forces analysis, feasibility studies, SWOT analyses, and ROI analyses, are put to use to examine the development of the major market players.
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Key Questions Answered in the Market Report
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Endpoint Detection and Response Market report lists the leading competitors, type, application and provides the insights, strategic industry Analysis of the key factors influencing the market during 2022- 2027.
The “Endpoint Detection and Response Market” expected to grow considerably in the forecast period 2022- 2027. The Research report sheds light on Leading Players details with best facts and figures, meaning, definition, SWOT analysis, expert opinions and growth of Endpoint Detection and Response industry in upcoming years. Leading companies of Endpoint Detection and Response Market are: Carbon Black, Inc., Cisco Systems, Inc., … The report provides key statistics on the market status of the leading Endpoint Detection and Response market Trends, share and opportunities in the market.
The Endpoint Detection and Response market is expected to register a CAGR of over 22.87% during the forecast period 2021 – 2027. The report outlines cloud and on-premise service providers of endpoint detection and response software and service in various industries.
Get a demo copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12347304
Company Coverage: –
– Carbon BlackInc.
– Cisco SystemsInc.
– Symantec Corporation
– Cybereason Inc.
– Deep Instinct
– Digital Guardian
– Guidance SoftwareInc.
– RSA Security (EMC)
Get a demo Copy of the Endpoint Detection and Response Market Report 2022
Market Players Competitor Analysis:
Endpoint detection and response (EDR) tools and solutions emphasize on the investigation, detection, and easing of suspicious activities of various problems on endpoints and hosts. The market for EDR tools is increasing at significant momentum across the world, Thanks to the constant advancements in the new technologies of Artificial Intelligence (AI), cloud computing, and the Internet of Things (IoT). Its implementation across security and detection malware which helps to pave the new way for the more significant development of Endpoint detection and response (EDR).
Growing Demand for Endpoint Detection and Response (EDR)
Rise in the complexity and number of complex systems being deployed across the organizations, and strict compliance requirements and rules for generating and changing passwords make it complicated to manage a large number of passwords. Further, the Breach and data stolen problems often cause expensive delays and loss of productivity. Such issues are easily solved while using Endpoint Detection and Response solutions and software are used either the on-premise environment or in a hosted environment over the cloud. Increased instances of attacks, by hackers on the organizations have increased which led to the concern towards password security solutions, and this is helping in growing demand for password management solutions around the globe.
The rapidly growing cloud platform market presents a great opportunity in the hosted of Endpoint Detection and Response market. Low success of EDR self-service projects among end-users until now is a key concern among industry players. However, as the awareness of the benefits of deploying such a model is increasing it is anticipated that self-service solutions would find rising demand during the coming years.
As, according to Breach Level index, everyday 7,125,940 data records are being stolen or lost which led to the increase in the breach level. As the demand for the Endpoint detection and response market is directly related to the level of the breach or stolen of valuable information, the more data theft and breaches will be there, higher is the demand for Endpoint detection and response market.
North America the largest market in terms of global share
Due to the high availability of adequate infrastructure, the presence of numerous global financial institutions, high frequency of cyber-attacks, and increased adoption of technologies, is expected to drive the growth of the Endpoint Detection and Response market in North America region. Different enterprises (Small and medium) in this region are steadily adopting Endpoint Detection and Response market with additional support from the advent of modern technology and Internet of things (IoT). The occurrence of a large number of competitors in the market along with rising cases of cyber security and breach of valuable information is expected to drive the market. As the demand for the Endpoint Detection and Response market is directly related to the data breach, the more data breach around the globe, higher is the demand for Endpoint Detection and Response market.
Key developments in the market
• Feb 2021: Cisco offers new Cloud-Based Endpoint Security Solutions for the Managed Security Service Providers. With this product innovation it will help to provides advanced internet security, malware protection, and enterprise mobility management.
• Oct 2017: Symantec introduces new endpoint security for the cloud generation to defense against cyber-attacks such as WannaCry and Petya. With this product innovation, the new security solutions can apply across all devices, networks, and applications to combat growing threats.
Major players: CARBON BLACK, INC., CISCO SYSTEMS, INC., CROWDSTRIKE, INC., SYMANTEC CORPORATION, CYBEREASON INC., DEEP INSTINCT, DIGITAL GUARDIAN, FIREEYE, INC., GUIDANCE SOFTWARE, INC., MCAFEE, INC., and RSA SECURITY (EMC), among others.
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Regional Analysis: –
– North America
– South America
Some Major Points from TOC: –
1.1. Key Study Deliverables
1.2. Market Definition
1.3. Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1. Endpoint Detection and Response Market Overview
4.2. Porter’s Five Forces Analysis
4.2.1. Bargaining Power of Suppliers
4.2.2. Bargaining Power of Consumers
4.2.3. Threat of New Entrants
4.2.4. Threat of Substitute Products and Services
4.2.5. Competitive Rivalry in the Industry
4.3. Industry Value Chain Analysis
4.4. Industry Policies
5. Market Dynamics
5.1. Endpoint Detection and Response Market Drivers
5.1.1. High Proliferation Of IoT and SMART Devices
5.1.2. Increasing Demand to Reduce IT Security Risk
5.1.3. Increasing Instances of Enterprise Endpoint Targeted Attacks
5.2. Endpoint Detection and Response Market Challenges
5.2.1. High Demand for Integrated Security Solutions and Lack of Technological Awareness of EDR Solutions 5.2.2. Shortage of Skilled Workforce
6. Technology Snapshot
7. Endpoint Detection and Response (EDR) Market – Segmentation
7.1. Endpoint Detection and Response Market By Deployment Type
7.2. Endpoint Detection and Response Market By Component
7.3. Endpoint Detection and Response Market By Solution Type
7.3.2. Mobile Devices
7.3.4. Point of Sale Terminals
7.4. Endpoint Detection and Response Market By Organization Size
7.4.1. Small and Medium Enterprises
7.4.2. Large Enterprises
7.5. Endpoint Detection and Response Market By End-user Industry
7.5.2. IT and Telecom
7.6. Endpoint Detection and Response Market By Region
7.6.1. North America Endpoint Detection and Response Market
220.127.116.11. United States
18.104.22.168. United Kingdom
22.214.171.124. Rest of Europe
126.96.36.199. Rest of Asia-Pacific
7.6.4. Latin America
7.6.5. Middle East and Africa
8. Endpoint Detection and Response Market Companies
8.1. Carbon Black Inc.
8.2. Cisco Systems Inc.
8.3. Crowdstrike Inc.
8.4. Symantec Corporation
8.5. Cybereason Inc.
8.6. Deep Instinct
8.7. Digital Guardian
8.8 Fireeye Inc.
8.9. Guidance Software Inc.
8.10. Panda Security
8.11. Sophos Group PLC
8.15. RSA Security (EMC)
*List Not Exhaustive
9 .Endpoint Detection and Response Market Investment Analysis
10. Future of the Endpoint Detection and Response (EDR) Market AAAA
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MOSCOW, June 23. /TASS/. American manufacturer of network equipment and software Cisco will start to gradually withdraw from the markets of Russia and Belarus, Reuters reported on Thursday.
"We have now made the decision to begin an orderly wind-down of our business in Russia and Belarus," the agency quoted the company’s representative.
The agency noted that the company is focused on ensuring that employees in Russia and Belarus affected by the decision receive the necessary support.
In March, Cisco announced temporarily suspending sales of its products and provision of services in Russia and Belarus due to events in Ukraine.