Followers | 679 |
Posts | 141019 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, April 14, 2020 11:06:04 AM
By: TheStreet | April 14, 2020
• Cisco will waive payments for the next three months and then require just 1% for each of the year's final five months.
Cisco Systems (CSCO), the technology networking giant, announced a $2.5 billion financing program in response to the coronavirus pandemic that allows customers to defer 95% of their payments due this year until next year.
"Cisco's customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure," Cisco CEO Chuck Robbins said in a statement.
"Whether it's technology, financing or helping those most in need, Cisco is committed to working together to fight this pandemic on every front," he said.
As the coronavirus pandemic has sent many workers home, internet activity has soared, leading to more usage of Cisco’s networking equipment.
And, of course, the at-home workers are deploying video conferencing and virtual private network software in a big way, which can include Cisco's Webex and AnyConnect.
The financing program offers a complete break from payment by Cisco’s customers for three months. They then pay 1% of the money they owe in each of the last five months of the year.
Cisco appears to be the only top technology company offering such an opportunity to its customers. The program is available around the world.
Morningstar analyst Mark Cash likes the company. It “continues to execute on its strategic focus of increasing recurring revenue via selling software and services to supplement its hardware products,” he wrote in a report last week.
Cash places fair value for the stock at $48.
It recently traded at $42.26, up 2.54%. It has dropped 12% over the past three months, compared to a 14% fall for the S&P 500.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent CSCO News
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Cisco and Morgan Solar unlock clean energy adoption in office spaces • GlobeNewswire Inc. • 04/22/2024 03:00:54 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (Canada) • 04/18/2024 07:00:00 AM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (US) • 04/18/2024 07:00:00 AM
- Cisco Completes Acquisition of Isovalent to Define the Future of Multicloud Networking and Security • PR Newswire (US) • 04/12/2024 10:35:00 PM
- Cisco to Host Tech Talk on Splunk • PR Newswire (US) • 04/10/2024 08:30:00 PM
- FMP Alliance Forms to Advance Innovative Fault Managed Power Technology • PR Newswire (US) • 04/08/2024 01:15:00 PM
- Cisco and BoA to Host Tech Talk on Security from RSA 2024 • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Leading Companies Launch Consortium to Address AI's Impact on the Technology Workforce • PR Newswire (US) • 04/04/2024 11:30:00 AM
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Cisco Study Reveals Very Few Organizations in Canada Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • GlobeNewswire Inc. • 03/27/2024 10:00:00 AM
- Cisco Study Reveals Very Few Organizations Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • PR Newswire (US) • 03/27/2024 07:17:00 AM
- Cisco Hybrid Work Study Reveals Companies' Need to Modernize Offices • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco and Ford Motor Company Rollout Webex App for Productivity on the Move • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Furthers Customer Experience Momentum with New Offerings That Extend Customer Value • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Announces New Multifunctional Collaboration Devices for Hybrid Work • PR Newswire (US) • 03/25/2024 03:00:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:40:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (Canada) • 03/18/2024 12:30:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:30:00 PM
- Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News • IH Market News • 03/15/2024 11:30:55 AM
- Cisco and Raymond James to Host a Tech Talk at OFC 2024 • PR Newswire (US) • 03/13/2024 12:00:00 PM
- RAI Amsterdam Selects Cisco and Radware for Cloud Security • GlobeNewswire Inc. • 03/13/2024 10:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:32:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:21:02 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM