REDMOND, Wash., and SAN JOSE, Calif. — Oct. 12, 2022 — Cisco and Microsoft Corp. Wednesday announced at Microsoft’s annual Ignite conference a new partnership that will provide customers with more choice. In the first half of 2023, Cisco and Microsoft will soon offer the ability to run Microsoft Teams natively on Cisco Room and Desk devices Certified for Microsoft Teams, with the option of Teams as the default experience. Cisco will become a partner in the Certified for Microsoft Teams program for the first time.
“Interoperability has always been at the forefront of our hybrid work strategy, understanding that customers want collaboration to happen on their terms — regardless of device or meeting platform,” said Jeetu Patel, EVP and GM, Security & Collaboration, Cisco. “Our partnership with Microsoft brings together two collaboration leaders to completely reimagine the hybrid work experience.”
“Our vision to make Teams the best collaboration experience for physical spaces is brought to life by our incredible ecosystem of hardware partners,” said Jeff Teper, president, collaborative apps and platforms at Microsoft. “By welcoming Cisco as our existing partner building devices Certified for Microsoft Teams, we are excited to bring leading collaboration hardware and software to market together for our joint customers.”
Initially, six of Cisco’s most popular meeting devices and three peripherals will be certified for Teams, with more to come. The first wave of devices, expected to be certified by early 2023, will include the Cisco Room Bar, the Cisco Board Pro 55-inch and 75-inch, and the Cisco Room Kit Pro for small, medium and large meeting room spaces, respectively. The Cisco Desk Pro and Cisco Room Navigator will follow. Customers will have the option to make Microsoft Teams Rooms the default experiences, and the devices will continue to support joining Webex meetings with all the features and functionality customers enjoy today. The first peripheral — the Cisco Desk Camera 4K — is an intelligent USB webcam and will be available by the end of October 2022, followed by two headphones with a Teams button by early 2023.
Microsoft Teams customers will enjoy the digital workplace where they connect and collaborate with teammates, partners and customers, combined with Cisco’s high-quality, reliable video technology with powerful camera intelligence and noise removal technologies that enable inclusive and collaborative meeting experiences. All certified devices will be manageable in the Teams Admin Center and the new Teams Rooms Pro Management Portal, as well as through the Cisco Control Hub device management.
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
For more information, press only:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]
Cisco Media Relations, Melissa Chanslor, (408) 527-0792, [email protected]
Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at https://news.microsoft.com/microsoft-public-relations-contacts.
A new Seattle startup called Hedgehog wants to make it easier for companies to use the SONiC operating system for their networking needs.
SONiC, which stands for Software for Open Networking in the Cloud, was open-sourced by Microsoft in 2016. The tech giant originally developed the technology for its Azure data centers.
SONiC is described as “an open source network operating system (NOS) based on Linux that runs on over 100 different switches from multiple vendors and ASICs.” The idea is to make cloud networking more versatile.
Hedgehog is targeting cloud-native companies that want to move workloads off the public cloud. It’s a potential trend for growing companies that need to manage rising cloud computing costs, as detailed in a blog post by Andreessen Horowitz investors last year.
Here’s the company’s mission, via its website:
“Hedgehog is an open source software company dedicated to giving Cloud Native application owners the ability to deploy workloads on edge compute and distributed cloud infrastructure with the same procurement power and automated operations that power the public cloud. Hedgehog helps customers escape vendor lock, automate mass-scale infrastructure operations, and reduce their cost of service.“
Hedgehog wants to help companies make sure their networking still runs smoothly as they transition workloads. It aims to be the “Red Hat for SONiC,” giving enterprises a way to more easily use the open-source software.
The company is led by CEO and co-founder Marc Austin, a veteran entrepreneur who was most recently spent four years at Cisco. Austin also helps run a small Seattle firm called IoT Capital and was a director at Amazon from 2010 to 2012, working on the Kindle Enterprise team.
“A fox knows many things, but a hedgehog knows one big thing,” Austin wrote on LinkedIn. “Millions of cloud native workloads will deploy on distributed cloud infrastructure with open network fabrics.”
Other co-founders include Mike Dvorkin, a networking expert who helped launch Insieme Networks, which Cisco acquired in 2020. Josh Saul, a former marketing leader at Apstra and Netris, is the company’s other co-founder.
Hedgehog has raised a pre-seed investment round but did not disclose investors or amount raised. It does not have paying customers and is currently working with “design partners.”
For all the new investors that emerged in 2020 with their pandemic bankrolls and had a two-year free-for-all making money without really trying, 2022 has surely been a comeuppance. While most of the gamblers in the meme stock crowd have been pushed to the sidelines, either temporarily or for good, real investors are staring at account statements and are stunned at the carnage. They likely are wondering what to do now.
Technology dominates the American economy. While the sector is taking it in the chin now, it will be back. When it does return, it could dominate a market rally later this year or in 2023. While there is a good chance the market decline is not over, it likely is closer to the end than the beginning. Now might be a good time to nibble at some of the top stocks in the sector, especially if they pay a solid dividend.
We screened our 24/7 Wall St. technology research database looking for blue chip companies that pay a dependable dividend that have extremely high bounce-back potential. The following eight stocks hit our screens. While all are rated Buy by top Wall Street firms, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.Cisco
Investors who are more conservative may want to consider this mega-cap tech leader, which recently posted outstanding results. Cisco Systems Inc. (NASDAQ: CSCO) designs, manufactures and sells internet protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
The company provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points and servers, as well as next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice and video applications.
Its cybersecurity products supply clients the scope, scale and capabilities to keep up with the complexity and volume of threats. Putting security above everything helps corporations innovate while keeping their assets safe.
Shareholders receive a 3.84% dividend. Evercore ISI has its target price for Cisco Systems stock set at $56. The consensus target is $54.78. Thursday's $40.61 closing share price was almost 4% higher on the day.Corning
This company continues to be a huge player in the fiber optic world. Corning Inc. (NYSE: GLW) is a technology pioneer that manufactures LCD glass for flat-panel displays for multiple product lines.
Telecommunications (30% of sales) produces optical fiber and cable, component hardware and equipment, and photonic components for the telecommunications, CATV and networking industry. In addition, the company’s Environmental Technologies division (12% of sales) produces specialized glass, glass ceramic and polymer-based products for the automotive industry.
Investors receive a 3.61% dividend. UBS's $40 price target compares to the $38.72 consensus target for Corning stock. The shares closed on Thursday at $30.58.Dell Technologies
This high-quality company pays a solid dividend and its shares have been hit hard. Dell Technologies Inc. (NYSE: DELL) designs, develops, manufactures, markets, sells and supports information technology (IT) hardware, software and services solutions worldwide. It operates through three segments.
Infrastructure Solutions Group provides traditional and next-generation storage solutions, and rack, blade, tower and hyperscale servers. It also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences and accelerate business applications and processes. It also offers attached software and peripherals, as well as support and deployment, configuration and extended warranty services.
Dell's The Client Solutions Group offers desktops, notebooks and workstations; displays and projectors; attached and third-party software and peripherals; as well as support and deployment, configuration and extended warranty services.
The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security and digital workspaces, helping customers to manage IT resources across private clouds and complex multi-cloud, multi-device environments.
Dell also provides information security and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments.
The dividend yield is 3.83%. The Credit Suisse price target is $60, while the consensus target is $55.21. The final Dell Technologies stock trade for Thursday was almost 4% higher at $34.99.HP
Legendary investor Warren Buffett stunned Wall Street earlier this year when Berkshire Hathaway reported a purchase of 121 million shares of the venerable tech giant. HP Inc. (NYSE: HPQ) provides personal computing and other access devices, imaging and printing products and related technologies, solutions and services in the United States and internationally. It serves individual consumers, small and medium-sized businesses and large enterprises, including customers in the government, health and education sectors.
HP's Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions and services, as well as scanning devices. And the Corporate Investments segment includes HP Labs and business incubation projects.
HP stock investors receive a 4.04% dividend. The $33 Credit Suisse target price is higher than the $30.49 consensus target. The stock closed 5% higher on Thursday at $26.02.IBM
This blue chip giant offers investors an incredibly solid entry point, a massive dividend and a degree of safety for investors who are more conservative. International Business Machines Corp. (NYSE: IBM) provides integrated solutions and services worldwide through these four business segments.
The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines and retail industries.
The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services.
The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment.
The Financing segment offers lease, installment payment, loan financing and short-term working capital financing services.
IBM's second-quarter revenue of $15.5 billion was up sharply from a year ago and topped the consensus forecast. Profits also were ahead of analysts’ expectations.
Shareholders receive a 5.60% dividend. IBM stock has a $155 price target at BofA Securities. That is well above the $141.56 consensus target and Thursday’s closing print of $121.79, which was up close to 4% on the day.Juniper Networks
This is another familiar name that could offer among the best total return potential. Juniper Networks Inc. (NYSE: JNPR) designs, develops and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; and NorthStar controllers.
Juniper Networks also provides switching products, including EX series Ethernet switches to address the access, aggregation and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine and top-of-rack data center switches; and Juniper access points, which provide wireless access and performance.
In addition, the company offers security products including SRX series services gateways for the data center; Branch SRX family provides an integrated firewall and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP.
Juniper Networks stock comes with a 3.25% dividend. Wells Fargo's $32 price target is shy of the $32.71 consensus target. The shares closed at $26.32 on Thursday.Microsoft
This is a conservative way for investors to participate in the massive cloud growth, and the company posted stellar second-quarter results. Microsoft Inc. (NASDAQ: MSFT) manufactures, licenses and supports a wide range of software products. The company has transformed its business model from a component-driven model (personal computer, server) to one driven by the need for cloud capacity.
Many Wall Street analysts agree that Microsoft has become a clear number two in the public or hyper-scale cloud infrastructure market with Azure, which is the company’s cloud computing platform offerings, and which continues growing at triple-digit levels. Some have flagged Azure as the biggest rival to Amazon's AWS service.
Some analysts maintain that Microsoft is discounting Azure for large enterprises, so that Azure may be cheaper than AWS for larger users. The cloud was big in recent earnings reports and will remain a growing part of the software giant's earnings profile.
Investors receive a 1.20% dividend. The Jefferies team has a conservative $275 price target, compared with the $329.56 consensus target. Microsoft stock closed on Thursday at $234.24.Oracle
This top software stock has backed up recently and is offering an attractive entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.
The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.
Oracle recently announced that it would acquire Cerner, a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities. The all-cash tender offer has approximately $28.3 billion in equity value.
The company pays a 2.05% dividend. The J.P. Morgan price objective is $84, though Oracle stock has a consensus target of $87.89. On Thursday, the closing share price was $65.20.
We avoided semiconductor stocks for the time being, as the new government restrictions on sales to Chinese companies could be putting a big dent in sales. While we are not ready to nibble in that space, we will be closely watching third-quarter results of the top names. The software, networking and information technology leaders we did focus on could be the first to take off when the selling reverses.
Originally posted at 24/7 Wall St.
The MarketWatch News Department was not involved in the creation of this content.
SAN DIEGO, (BUSINESS WIRE) -- Cubic Corporation’s Cubic Mission and Performance Solutions (CMPS) business has launched a new Cisco-powered router and switch module. The M3-SE5 uses the ESR6300 router and ESS3300 switching technologies to deliver high-speed networking capabilities to the tactical edge.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221011005544/en/
“The increasing volumes of data being transferred throughout the mission chain means high-speed trusted networking capabilities are required from the enterprise to the tactical edge,” said Anthony Verna, senior vice president, CMPS Rugged IoT Business Unit. “Cubic’s latest generation of Cisco-powered routers and switches highlights our commitment to meeting the customer’s mission data requirements.”
The single enclave router and switch module reduce the size, weight, power and complexity of field deployments, helping to deliver a lower cost of ownership. Ideal for users who require secure high-bandwidth communications, the rugged M3-SE5 router switch module offers 2 x gigabit Ethernet RJ45/Small Form-Factor Pluggable Plus (SFP+) Wide Area Network (WAN) ports combined with 10 x RJ45 gigabit Ethernet switch ports and 2 x 10 Gigabit SFP+ switch ports.
The M3-SE5 also allows users to upgrade their current M3-SE baseband compute and network stacks with Cisco ESR6300 and ESS3300 high-speed networking capabilities without increasing the form factor of an existing M3-SE solution. It operates across a wide range of thermal conditions, survives shocks, vibrations and presents a lower electromagnetic footprint than standard networking devices. This unique approach delivers excellent flexibility and maximizes the user’s system investment.
The module can be quickly and easily configured for missions using the familiar Cisco Command Line Interface (CLI) or Cubic’s DTECH Virtual Infrastructure Configuration Engine (DVICE) software with support for open management protocols and integration into third-party management systems.
For further information about our gateway products and services, please visit https://www.mc2.cubic.com/m3-se5.
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C5ISR, and training customers worldwide to decrease urban congestion and Boost military effectiveness and operational readiness. Our teams innovate to make a positive difference in people's lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005544/en/
SOURCE: Cubic Corporation
Copyright Business Wire 2022
The MarketWatch News Department was not involved in the creation of this content.
October 14, 2022 | 12:00am
MANILA, Philippines — Multinational tech giant Cisco is tying up with the Department of Information and Communications Technology (DICT) to build a harmonized, interoperable and integrated government ICT infrastructure.
The partnership will focus on enabling government agencies to implement hybrid work arrangements securely for their workers. Both sides would work to power DICT’s e-Government Masterplan under Cisco’s Country Digital Acceleration “collaboration pillar.”
Cisco will provide collaboration tools such as Webex boards, room kits and licenses as well as integrated security solutions to bolster DICT’s security posture.
ICT Secretary Ivan John Uy and Cisco ASEAN president Bee Kheng Tay signed the partnership Wednesday in ceremonies at the Edsa Shangri-La Hotel Manila.
Also signing the agreement were Cisco Philippines managing director Zaza Soriano-Nicart and ICT Undersecretary Paul Joseph Mercado.
“We are confident of this partnership. The initiative is set to enhance the government’s ability to collaborate more effectively and will greatly boost the government’s drive toward digital transformation,” Uy said.
The initiative is expected to Boost the efficiency and effectiveness of public service, enhance inter-agency collaboration through digitization and empower public servants to concentrate on their mandates by reducing stress levels on traffic congestion and complex platforms.
“We are delighted to further our long-standing relationship with DICT by providing them with the means to collaborate without compromising on security. We look forward to leveraging our rich ecosystem and expertise in working with government agencies globally to help build a future-ready ecosystem in the Philippines through the deployment of innovative technology and solutions, starting with our secure collaboration portfolio to power hybrid work,” Nicart said in her presentation for Country Digital Acceleration.
The partnership is set to secure a safe and comfortable experience for hybrid and remote work in the Philippines after Cisco studies reported that the majority of Filipino employees preferred hybrid work and have simultaneously learned more in this arrangement.
The studies have also shown that Filipino employees saved more earnings, fostered better work relationships with colleagues, and increased productivity through hybrid and remote work.
Cisco announced dedicated Webex infrastructure that will enable the networking major to offer India-specific pricing for customers, lowering the cost by over 50 percent.
Cisco has invested in a dedicated India Webex infrastructure and regulatory licenses to accelerate Webex adoption across the country. The India Webex infrastructure includes a dedicated data center and is backed by Cisco Secure products and solutions to ensure best-in-class data privacy and security.
Dedicated Webex infrastructure will lower operating costs, increase technical efficiencies, and enable Cisco to provide India-specific pricing for customers. The data center will allow Cisco to partner with more start-ups, customers, partners, and service providers in India and bring new innovations to market faster.
According to the Cisco Hybrid Work Study 2022, almost 3 in 4 Indian employees favor a hybrid working environment in the future. Cisco has seen a rise in preference for hybrid work across sectors, with Webex in India consistently recording the second-highest usage after the U.S. since March 2020.
Dave West, President, Cisco APJC: “Webex is one of the few platforms with the global scale, and the new data center is the latest in a series of investments Cisco has made to support the accelerating shift to hybrid work in India.”
Daisy Chittilapilly, President, Cisco India & SAARC: “With this investment we are looking to capture a growing market that is expected to reach over $250 million in India by 2025. With dedicated India Webex infrastructure, we can now offer enhanced performance at a much lower cost to our customers.”
Sandeep Mehra, Managing Director, Collaboration, APJC: “Webex by Cisco already has a widespread global data center footprint in the industry, which complies with a range of certifications and country-specific regulations.”
US tech giant Cisco Systems has vowed to focus on user-centric applications, digital infrastructure transformation, enterprise cybersecurity and hybrid work support as strategies to drive growth of business customers and support Thailand's digital transformation.
"Thailand is on the right trajectory to become a digital economy heavyweight in the region. As it continues to chart its next phase of growth, businesses need to transform themselves to stay relevant in the burgeoning digital economy," said Taveewat Chantaraseno, managing director for Cisco Thailand and Myanmar.
Mr Taveewat said he was aware of economic headwinds that might hamper enterprises' investment in technology. The company has a financing arm -- Cisco Capital -- that can assist customers in such an investment, he noted.
"In the past two years, the number of customers participating in the firm's financing programme has surged 30-50%," Mr Taveewat said.
He said hybrid work, Industry 4.0 and hybrid cloud are the prevailing digital trends that could shape businesses.
According to Mr Taveewat, digital transformation can help enhance Thailand's competitiveness, unlocking 2.5 trillion baht in economic value a year by 2030.
Cisco set out four strategic targets for the Thai market in fiscal 2023.
The first lies in efforts to make applications that cater for good customer experiences, Mr Taveewat said.
Cisco's full-stack observability innovation serves as a tool that can show the whole functioning process of the apps, deliver in-depth information and recommend actions to optimise all end-user experiences.
The second involves digital infrastructure transformation. He said there are 20 billion connected devices worldwide now and the number is expected to surge to 29 billion by 2023.
"Organisations need to transform their infrastructure with the network at its core to create and deploy their policies in an automated way to deliver a seamless experience," said Mr Taveewat.
Cisco's Secure Access Service Edge (SASE) architecture combines networking and security functions in the cloud to connect users to apps and data in any environment and from anywhere and control access by enforcing a consistent set of security enterprise policies.
The third involves efforts to ensure enterprise security, including through applications and hardware.
Last year, 65% of small and medium-sized enterprises suffered cyber-incidents, Mr Taveewat said.
The fourth is to support hybrid work by providing a platform that can help enterprises enhance visibility, secure collaboration and secure access to support all types of interactions in the hybrid world, he said.
The firm's study shows hybrid work makes 85% of Thai employees happier.
"Cisco is a platform company where it has an end-to-end support from hardware and software to services. Globally, from 2015 to 2021, its subscription software revenue grew 23%," Mr Taveewat said.
"We see refreshment of technology back in hospitality, education and manufacturing in the post-pandemic period," he said.
Cisco is committed to moving ahead with its Country Digital Acceleration (CDA) programme, in which the company works with governments globally to unlock digital power.
In Thailand, the CDA scheme began in November last year with projects including supporting smart factories through 5G power and creating healthcare connection between 10 hospitals.