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Exam Code: 010-151 Practice test 2022 by Killexams.com team 010-151 Cisco Certified Technician (CCT) for Data Center
Exam Name
:
Supporting Cisco Data Center System Devices
Exam Number :
010-151 DCTECH
Exam Center Fee :
$125 USD
Exam Duration :
90 minutes
Questions in test :
65-75
Passing Score :
Variable (750-850 / 1000 Approx.)
Recommended Training :
Supporting Cisco Data Center System Devices (DCTECH)
Exam Registration :
PEARSON VUE
Real Questions :
Cisco 010-151 Real Questions
VCE VCE test :
Cisco Certified Technician Data Center Practice Test
General Networking Knowledge 17%
1 Demonstrate a high level understanding of SAN technology
2 Describe what an IP address and subnet is. Add default gateway and subnet mask
3 Differentiate between these Layer 2 technologies: Ethernet, Fast Ethernet, Gigabit Ethernet
4 Describe what FTP does
5 Describe what TFTP does
6 Describe what Telnet does
7 Describe what ping does
8 Use the OSI and TCP/IP models and their associated protocols to explain how data flows in a network
9 Identify and correct common network problems at Layers 1 and 2
10 Identify the cabling and connectors
Identify Cisco Equipment and Related Hardware 25%
1 Describe the Cisco Unified Computing System components and chassis layout
2 Describe the Cisco Unified Computing System LED
3 Describe the UCS C-series rack mount servers components and chassis layout
4 Describe the Cisco Nexus 2000 series fabric extender components
5 Identify Cisco Nexus 2000 series fabric extender cabling types
6 Describe the Cisco Nexus 5000 series switch components
7 Describe the Cisco Nexus 7000 series switch components
8 Describe the Cisco MDS 9000 product family components
9 Identifying the MDS 9000 Family Storage networking modules
10 Identify Cisco products by logo marking and model number (including, but not limited to locations on chassis, line card, module, or adapter)
11 Identify and locate the serial number of Cisco products (including but not limited to locations on chassis, line card, module, or adapter)
Describe Cisco NX-OS Software Operation 25%
1 Describe the Cisco Integrated Management Controller (CIMC)
2 Describe features and functionality of UCS Manager
3 Describe the different command modes for Cisco NX-OS software
4 Determine the current mode of the device
5 Know how to export technical support data
6 Verify the device configuration
7 Know how to use and interpret the basic Cisco NX-OS commands
8 Identify a configuration file from a Cisco device
9 Using the device file systems, directories, and files
10 Perform password recovery on a Cisco NX-OS switch device
Service-Related Knowledge 33%
1 Make a physical connection from laptop to Cisco console port
2 Perform installation process steps and expected outcomes
3 Perform initial setup tasks
4 Service restoration verification
5 Perform remedial procedures on Cisco devices
6 Use the hardware tools needed for repair
7 Upgrade the BIOS on a UCS Server Blade with the GUI
8 Upgrade Cisco Integrated Management Controller firmware on a UCS Server C-Series Cisco Certified Technician (CCT) for Data Center Cisco Technician availability Killexams : Cisco Technician availability - BingNews
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https://killexams.com/exam_list/CiscoKillexams : Cisco announces $600M restructuring plan, including layoffs
Cisco today said it will take a $600 million charge associated with layoffs and restructuring of its businesses.
In an 8-K filing for its fiscal first-quarter, the company announced a restructuring plan “in order to rebalance the organization and enable further investment in key priority areas. This rebalancing will include talent movement options and restructuring.” The company said it will make some real estate changes as well.
During a financial call with analysts, CEO Chuck Robbins talked briefly about the restructuring but said employees will hear more details on Thursday.
“I'd be reluctant to go into a lot of detail here until we're able to talk to [employees]. I would say that what we're doing is rightsizing certain businesses,” Robbins said.
Cisco is focused on moving resources into the enterprise networking space and accelerating its platform strategy, Robbins added. “We will be making significant investments in security and beefing up our teams there, and the capacity to continue to innovate there. Those are important areas,” he said.
CFO Scott Herren also commented on the restructuring plan:
“And to be clear [about] this: Don't think of this as a headcount action that is motivated by cost savings. This really is a rebalancing. As we look across the board, there are areas that we would like to invest in more. Security, our move to platforms, and more cloud-delivered products. But we're also going to maintain our financial discipline as we do that,” Herren said.
“This is about rebalancing across the board. In a perfect world, you'd have 100% skill match, and you can take the people in the areas, or the skills in certain areas, and just move them to where we need to invest, and unfortunately, that's not – it's not a perfect world,” Herren said.
Cisco isn't alone among tech players announcing layoffs these days. Twitter, Amazon, Meta, Salesforce, F5 and many others have been reducing headcounts in accurate weeks.
The news came as Cisco announced what Robbins said is the largest quarterly revenue in the company’s history: $13.6 billion, which represents an increase of 6% compared to the year-ago quarter.
The company is still being impacted by supply chain shortages, but Robbins said that is easing – if only a little bit.
"The easing of supply constraints and our ability to deliver hardware is now releasing software subscriptions that were sitting in backlog connecting to unshipped hardware,” Robbins said.
“Like you've heard from others in the industry, we are encouraged by what we are seeing, with modest improvement in certain component availability as shortages continue to ease from last quarter. The redesign of many of our products has also helped bring supply stability and more resiliency.”
Supply chain challenges have pushed most major networking players, including Cisco, Juniper, Arista and others, to redesign or re-engineer some products in an attempt to overcome component shortages and deliver products to customers.
Tue, 22 Nov 2022 17:40:00 -0600entext/htmlhttps://www.networkworld.com/article/3680508/cisco-announces-600m-restructuring-plan-including-layoffs.htmlKillexams : Is Cisco Systems Stock a Buy Now?
Cisco's (CSCO-1.08%) stock price jumped 5% on Thursday, Nov. 17, after the networking hardware and software giant posted its latest earnings report. For the first quarter of fiscal 2023, which ended on Oct. 29, Cisco's revenue rose 6% year over year to $13.63 billion and beat analysts' estimates by $340 million. Its adjusted earnings rose 5% to $0.86 per share, which also cleared the consensus forecast by two cents.
Does that steady growth indicate Cisco's stock is worth buying again after being buffeted by macroeconomic headwinds over the past year? Let's review its previous challenges and its accurate progress to decide.
Image source: Getty Images.
Why were investors thinking about Cisco?
Last September, Cisco set some promising long-term goals during its investor day presentation. It predicted its revenue and adjusted EPS would both increase at a compound annual growth rate (CAGR) of 5% to 7% between fiscal 2021 and 2025, driven by the expansion of its subscription-based software and cybersecurity businesses.
But over the past year, Cisco's secure and agile networks division (which houses its switches, enterprise routers, and other wireless and access point hardware) struggled with supply chain disruptions, component shortages, and rising freight costs. The growth of that segment -- which generated 46% of its revenue last year -- decelerated throughout all of fiscal 2022 and declined 1% year over year in the fourth quarter. Its collaboration business, which brought in 9% of its revenue last year, also continued to wither as it struggled to keep pace withZoom Video Communications and Microsoft Teams.
Those headwinds offset the stable growth of its end-to-end security and optimized applications businesses (16% of its fiscal 2022 revenue) as well the inorganic growth of the internet of the future division (10% of its revenue), which had been driven by its acquisition of Acacia Communications last March. As a result, Cisco's revenue growth flatlined in the third and fourth quarters of fiscal 2022 -- which cast a dark cloud over its ambitious investor day targets.
Why did Cisco's latest report clear away those clouds?
Cisco's first quarter report allayed those fears for three reasons. First, its secure and agile networks revenue rose 12% year over year -- on top of its 10% growth a year ago -- driven by strong sales of its networking hardware and a gradual easing of the supply chain headwinds. Its end-to-end security and optimized applications segments also continued to grow.
Those improvements boosted Cisco's revenue by 6% year over year during the first quarter. It expects that momentum to continue with 4.5%-6.5% growth in both the second quarter and the full year. CFO Scott Herren also reaffirmed the company's investor day goals of achieving 5%-7% revenue and earnings growth over the "long term" during the conference call.
Second, Cisco's margins are stabilizing. Its adjusted gross margin still shrank 150 basis points year over year to 63% in the first quarter -- mainly due to the impact of supply chain headwinds on its product gross margins -- but only declined 30 basis points sequentially. That compares favorably to its sequential drop of 200 basis points in the fourth quarter of 2022. Looking ahead, Cisco expects its adjusted gross margin to finally rise sequentially to 63%-64% in the second quarter. That's a bright green flag that suggests its supply chain headwinds are finally dissipating.
Lastly, that gross margin expansion prompted Cisco to provide upbeat earnings guidance for the rest of fiscal 2023. It expects its adjusted EPS to increase 0%-2% in the second quarter, and to rise 4%-7% for the full year. That's slightly higher than its prior full-year guidance for 4%-6% growth.
Cisco's stock is finally worth buying again
Cisco's stock lost more than a quarter of its value this year as investors fretted over its supply chain challenges and shrinking gross margins. However, its first-quarter report suggests those problems are transitory -- and that it's still well-poised to generate stable growth for the foreseeable future.
At $46 per share, Cisco trades at just 13 times this year's earnings. It also pays an attractive forward dividend yield of 3.3%, which accounts for less than half of its projected EPS for fiscal 2023. By comparison, Cisco's smaller rival Juniper Networks also trades at 13 times forward earnings but pays a lower forward dividend yield of 2.8%.
Cisco certainly isn't a stock for growth-oriented investors. However, investors who are looking for a stable blue-chip tech stalwart that is cheap and generates consistent dividends should consider picking up some shares today.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems, Microsoft, and Zoom Video Communications. The Motley Fool has a disclosure policy.
Sat, 19 Nov 2022 22:24:00 -0600Leo Sunentext/htmlhttps://www.fool.com/investing/2022/11/20/is-cisco-systems-stock-a-buy-now/Killexams : Cisco: Near-Term Downside Risks, Hold
Sundry Photography
We're bearish on Cisco Systems, Inc. (NASDAQ:CSCO) under the current macroeconomic environment. We're excited to see Cisco's earning report for its first quarter of FY2023 (expected on 16 November), but believe weaker demand under current financial stresses will gate-keep Cisco's financial performance.
Cisco is an IP-based networking company that provides an array of differentiated services for providers, enterprises, businesses, and commercial users. More recently, the company's expanding its presence in the network security domain, and we expect this focus on security and data centers to serve as growth catalysts in the long run. In the near term, however, we believe the company will face weak demand as businesses and enterprises figure out how they will spend their 2023 budget. We expect enterprise customers that make up most of Cisco's revenue will be more hesitant to spend their budget on network security under current macroeconomic volatility. We also believe Cisco itself will be directly pressured by the macroeconomic headwinds resulting from foreign exchange headwinds. We recommend investors wait for a better entry point on Cisco stock.
Enterprise spending decisions to gate-keep growth
Cisco is among the largest players in the networking space, but we believe the company is not immune to macroeconomic headwinds impacting customer demand. The current macroeconomic environment is harsh, to say the least, with inflation at the highest it's been in 40 years. Enterprises and businesses are facing increased financial stress, and we expect this to be reflected in their spending habits regarding network security and data centers. Enterprise customers reported a 15% Y/Y growth in fiscal Q4 2022, making it Cisco's fastest-growing customer base. We expect corporate tech buyers to cut costs under inflationary pressures and rising interest rates. While we love Cisco's business model, we believe the company is vulnerable to spending cuts from its customers under current financial stresses.
Cisco also derives a significant amount of its revenue from federal, state, and local government markets. We believe this makes the company exposed to stringent budget behavior by the U.S government. We expect Cisco to grow meaningfully once macroeconomic headwinds ease, but believe the stock price remains volatile in the near term.
The following table outlines Cisco's customer market in its fiscal Q4 2022.
Cisco's 4Q22 earnings report
Foreign exchange headwinds are also taking a toll
A significant amount of Cisco's revenue is derived from outside the U.S, around 42% in FY2021, subjecting the company to foreign exchange headwinds due to the strong U.S. dollar. We expect the company's financial performance to be exposed to exchange rates of other currencies - euro, pound, renminbi, and yen - compared to the strong U.S. dollar. We maintain our belief that Cisco will grow in the long run but expect the stock to be pressured by FX headwinds toward 2023.
Long-term growth catalysts in the network security domain
Cisco provides various products and services to service providers, enterprises, and businesses, but security and data centers take the cake for Cisco's fastest-expanding markets. We're constructive on Cisco's rapid expansion in the network security domain. The network security domain is expected to grow significantly with a CAGR of 16.7% between 2022-2030.
The following image outlines the forecasted growth in the global network security market.
Straits
Since 2019, Cisco has been focusing its revenue growth on its secure, agile networks segment, and we expect the company to benefit from tailwinds for network security domains worldwide. The company's network security includes products and services preventing unauthorized access to systems. The company's data center products encapsulate Cisco Unified Computing Systems and Server Access Virtualization.
The following graph outlines Cisco's revenue by segment over the past few years.
Statista
Not immune to competition
Cisco's facing stiff competition from Arista Networks, Inc. (ANET), Juniper Networks, Inc. (JNPR), Hewlett Packard Enterprise Company (HPE), Huawei, and the Ethernet switch router market. We expect competition will force Cisco's hand to offer discounts and deals to maintain its customer base. Competitors are revamping their product lines in the switch router market, and we believe Cisco needs to bring its A-game to keep up with the competition and maintain profitability.
Stock performance
Cisco grew around 27% over the past five years. YTD, the stock is down about 30% alongside the larger tech peer group. The stock underperforms the S&P (SPY) index on the YTD metric, with SPY declining 17% over the same period. Cisco's competition is also feeling the pressure of macroeconomic headwinds; Juniper is down around 15%, Arista Networks around 11%, Dell (DELL) around 25%, VMware (VMW) about 1%, Aruba (HPE) around 5%, NetGear (NTGR) around 34%, and Extreme Networks (EXTR) up almost 19%. YTD, Cisco underperforms the bulk of its competition. We expect the stock to drop further towards 2023 and recommend investors wait for a better entry point.
The following graphs outline Cisco's YTD performance compared to the index and competition.
TechStockPros
TechStockPros
Valuation
Cisco is relatively cheap, but we believe there is more downside to be factored into the stock. On a P/E basis, Cisco is trading at 11.6x C2024 EPS of $3.87 compared to the peer group average of 18.2x. The stock is trading at 3.0x C2024 on an EV/Sales metric versus the peer group average trading at 3.8x. We're bullish on Cisco in the long run but recommend investors wait to see how enterprise spending pans out toward the end of the year.
The following graph outlines Cisco's valuation relative to the peer group.
TechStockPros
Word on Wall Street
Wall Street is divided on the stock. Of the 38 analysts covering the stock, 12 are buy-rated, 16 are hold-rated, and the remaining are sell-rated. We attribute the lack of a unified rating on Cisco to concerns over how near-term macroeconomic headwinds will impact the stock. Cisco is currently trading at $45. The median and mean price targets are set at $53 and $55, respectively, with a potential upside of 17-22%.
The following tables outline sell-side ratings and price targets for Cisco.
TechStockPros
What to do with the stock
We like Cisco's position in the networking space, specifically with its growing focus on security and data center markets. We expect the security and data center markets to enjoy significant growth as the enterprise world becomes more digitized. Yet, we believe the near-term financial stresses will chokehold meaningful growth in the industry towards 2023. We expect more downside to be factored into Cisco stock in the near term and recommend investors wait for a better entry point.
Fri, 11 Nov 2022 07:09:00 -0600entext/htmlhttps://seekingalpha.com/article/4556589-cisco-near-term-downside-risks-holdKillexams : Cisco Just Demonstrated the Power of Stock Buybacks
Networking-equipment giant Cisco Systems(CSCO-1.08%) reported results this Wednesday, covering the first quarter of fiscal-year 2023. The company generated adjusted earnings of $0.86 per diluted share, surpassing Wall Street's consensus earnings estimate of $0.84 per share.
Investors and analysts applauded Cisco's strong results, and the stock price closed 5% higher on Thursday. However, I don't see a ton of headlines mentioning one of Cisco's most shareholder-friendly qualities: The company is shoveling billions of dollars straight into the pockets of shareholders. I'm particularly impressed by Cisco's effective use of stock buybacks.
Cisco's buybacks make a difference
Fun fact: If not for the anti-dilutive effects of the buyback program, Cisco would barely have satisfied the consensus-earnings target.
Cisco's adjusted net income increased by 2% year over year, landing at $3.5 billion. At the same time, the stock-repurchasing program reduced the share count by 12 million stubs in the first quarter. The canceled stock adds up to 127 million shares on a trailing basis, which works out to a 3% reduction.
In a world where Cisco doesn't worry about share-count reductions, this-quarter's earnings would have landed at $0.84 per share, but only by the skin of its proverbial teeth. With three significant digits, you'd be looking at earnings of $0.856 per share, a rounding error away from missing the analyst target.
OK, that's no surprise
The lower share count shouldn't surprise anyone, especially since the bulk of this-year's buybacks fell in the second quarter of 2022. That period was covered in last-February's earnings update, giving everybody nine months to update their earnings estimates accordingly. The exercise above is just a bit of calculator-based entertainment, illustrating how generous Cisco's buyback program really is.
Cisco has invested an average of $1.1 billion per quarter in stock buybacks over the last three years. Dividend payments averaged $1.6 billion per quarter over the same period. That adds up to $1.69 billion of cash per quarter, sent right back to shareholders in the form of buybacks and dividends. Free cash flows in this time span averaged $3.53 billion per quarter, so the shareholder-bound cash returns consumed 48% of Cisco's average cash profits.
Cisco loves to share its cash profits with you, the shareholder
This generous cash return is no accident. Cisco has a history of generating massive cash flow and sharing them freely with stock owners.
On the earnings call, Cisco CFO Scott Herren said that the dividend-payout and buyback activity were "in line with our long-term objective of returning a minimum of 50% of free cash flow annually to our shareholders." That's been an official Cisco policy since the fourth quarter of 2019, three years ago.
I love seeing this shareholder-friendly policy in a veritable cash machine such as Cisco Systems. Even in an off-year like 2022, the company amassed $12.8 billion of trailing free cash flows -- and sent half of it right back to shareholders.
Today, Cisco's stock comes with a shrinking share count and a beefy dividend yield of 3.3%. You should expect the dividend payments to continue rising modestly over the years, while buybacks are adjusted to meet that 50% cash-sharing ambition, year by year. These qualities make Cisco a great buy for income investors, who value a free-flowing stream of cash profits and a tight commitment to cash-based profit sharing.
Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cisco Systems. The Motley Fool has a disclosure policy.
Thu, 17 Nov 2022 22:55:00 -0600Anders Bylundentext/htmlhttps://www.fool.com/investing/2022/11/18/cisco-demonstrated-the-power-of-stock-buybacks/Killexams : Why Cisco Stock Popped TodayNo result found, try new keyword!Shares of Cisco Systems (NASDAQ: CSCO) were rising this morning after the tech company reported better-than-expected first-quarter fiscal 2023 results yesterday. Cisco beat Wall Street's top- and ...Thu, 17 Nov 2022 03:15:00 -0600text/htmlhttps://www.nasdaq.com/articles/why-cisco-stock-popped-todayKillexams : Cisco updates SD-WAN to simplify provisioning, management
Cisco is set to unveil a new edition of its SD-WAN software that will extend the system’s reach and include new management capabilities.
Among the most significant enhancements to Cisco SD-WAN release 17.10, expected in December, is the ability to use Cisco SD-WAN Multi Region Fabric (MRF) support with existing Software Defined Cloud Interconnect (SDCI) systems to significantly expand the reach and control of the SD-WAN environment.
MRF lets customers divide their SD-WAN environments into multiple regional networks that operate distinctly from one another, along with a central core-region network for managing inter-regional traffic, according to Cisco.
SDCI technology is used to link enterprise resources to a variety of cloud, network, and internet service providers. Cisco customers could use SDCI with their SD-WAN deployments in the past but not MRF.
By combining the two technologies and using the Cloud OnRamp Multicloud Interconnect Gateway in Cisco SD-WAN software, customers can now set network, configuration and security policies across a wide variety of locations from a central site. Cisco’s SD-WAN Cloud OnRamp links branch offices or individual remote users to cloud applications such as Cisco’s Webex, Microsoft 365, AWS, Google, Oracle, Salesforce and more.
Customers can now assign regions and roles to SD-WAN edges deployed within SDCI infrastructure, and they can segment MRF regions into multiple sub-regions and share border routers between these sub-regions, allowing for better redundancy and failover-centric network designs, according to John Joyal, senior manager, product and solutions marketing with Cisco's enterprise SD-WAN and routing group. (Joyal wrote a blog about Cisco's SD-WAN MRF enhancements.)
In addition to the MRF integration, Cloud OnRamp now includes improved telemetry to offer customers better insight into and management of attached Webex application and network resources.
Another new Cloud OnRamp feature automatically programs Kubernetes application connectivity requirements, letting customers more quickly bring up those resources in an SD-WAN environment, Cisco stated.
On the security side, Cisco has expanded its Secure Access Service Edge (SASE) options by adding integration with security platforms from Cloudflare and Netskope. This follows a similar integration between Cisco SD-WAN and ZScaler security offerings.
Cisco also said it would integrate its SD-WAN alerts with Splunk’s security information and event management (SIEM) system.
Cisco said its SD-WAN package will let Azure customers build automated site-to-site connectivity over Microsoft’s global network using the Cisco SD-WAN Cloud Hub and Azure Virtual WAN with its multi-region fabric.
The idea is to let customers build single or multiple overlays on top of Microsoft’s backbone to interconnect enterprise sites worldwide, and to connect sites to workloads running inside Azure, similar to an arrangement Cisco has with Google Cloud.
Microsoft’s fabric can identify a site based on its geographic location and attach sites to regions based on geographic boundaries. With Cisco SD-WAN Cloud Hub, enterprises that have deployed Cisco SD-WAN fabric for their WAN infrastructure can now securely extend their fabric to the public cloud in a simple and automated way and consider utilizing this for their global site-to-site connectivity, the companies stated.
Mon, 05 Dec 2022 12:57:00 -0600entext/htmlhttps://www.networkworld.com/article/3681657/cisco-updates-sd-wan-to-simplify-provisioning-management.htmlKillexams : What to expect when economic bellwether Cisco reports quarterly resultsClub holding Cisco Systems (CSCO) is set to report fiscal first-quarter earnings after the closing bell on Wednesday, and we'll be looking to see how the technology conglomerate has weathered gathering economic headwinds. Cisco, whose product offerings include networking hardware, software and telecommunications equipment, has long been considered an economic bellwether that sources a consistent revenue stream from a diverse set of industries including retail, health care, financial services and government. Analysts expect earnings-per-share to come in at 84 cents, up 2.4% from last year, while total revenue should climb 3.2% year-over-year, to $13.31 billion, according to estimates from Refinitiv. Here are the top 4 factors we're looking out for ahead of the print. Supply chain Analysts and investors will be closely monitoring Cisco's supply chain execution. This has been a chronic headwind for the company that has been exacerbated by China's ongoing Covid-19 restrictions, resulting in shortages of critical components. "There has been some degree of improvement in the component supply chain, however, CSCO still continues to see some of the most extended lead times for components among any other networking supplier," analysts at Loop Capital wrote in a note. Still, any further improvements could mean more upside to Cisco's first-quarter results. Enterprise spending Demand from enterprise customers has been holding up this year, despite the challenging global economic backdrop. And those "solid demand trends" look set to continue, according to Loop Capital. "Our accurate checks and industry conversations highlight a strong demand outlook for CSCO's networking solutions within the Enterprise sector," the analysts wrote in a research note Tuesday. At the same time, as the economy slows, companies have become more cautious on how they allocate corporate funds. At the Club, we'll be looking to hear from management on whether Cisco's customers have reined in their budgets. Product orders Resilient demand for Cisco's products is reflected in its orders and backlog. And the company ended its 2022 fiscal year with a record backlog, providing it with greater visibility on future revenue potential. In addition, Cisco's remaining performance obligations (RPO), which represent its future contracted revenue recognized over the next 12 months, was more than $31 billion, with 54% revenue for the coming year. While total product orders fell 6% in the fourth quarter , this was up against tough comparables on last year's unexpected 31% growth in orders. Nevertheless, we'll be looking for signs of accelerating product order growth. "Cisco needs to address share losses across its most important segments and address its ability to innovate and attract talent for its growth segments," analysts at Bank of America wrote in a note Tuesday. Transition from hardware to software Cisco's transformation to software subscription should be a long-term growth catalyst for the company. So, we'd like to see Cisco's progress on transitioning from lumpy hardware sales to recurring software subscription sales, a move that could bolster revenue. This shift will be a major focus for the quarter, as the tech industry continues to move toward a cloud and subscription software model and away from boxed software. Analysts at JPMorgan "remain positive Cisco's transformation toward software subscription and services-based revenue, which in aggregate should drive a re-rating in shares, which have historically and recently traded at a discount to software and peer companies as well as the market." Bottom line Cisco's products and services support the trends driving digitization, including hybrid cloud, 5G and the internet of things, which enterprise networks need to operate efficiently in today's work environment. As these trends accelerate, demand for Cisco's services will continue to be strong. At the same time, a weaker global economy could hold back enterprise spending and dent Cisco's revenue. We also recognize that Cisco's primary pain point remains the supply chain. But this is out of the company's control, and should be seen as a temporary headwind. More importantly, we know Cisco has resilient demand because its order backlog is massive. Cisco has a company profile that checks the Club's investment case of 'making stuff and doing things,' while delivering profits and returning cash to shareholders, which is increasingly relevant in today's market as investors rotate out of Big Tech. Cisco's stock has been punished this year, along with the rest of the tech sector, and is down 28.8% year-to-date. The stock closed out Tuesday up 0.36%, at $44.90 a share. We currently have a 2 rating on the stock, which we'll reassess following Wednesday's results. (Jim Cramer's Charitable Trust is long CSCO. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019.
Sergio Perez | Reuters
Club holding Cisco Systems (CSCO) is set to report fiscal first-quarter earnings after the closing bell on Wednesday, and we'll be looking to see how the technology conglomerate has weathered gathering economic headwinds.
Tue, 15 Nov 2022 07:14:00 -0600entext/htmlhttps://www.cnbc.com/2022/11/15/what-to-expect-when-economic-bellwether-cisco-reports-results.htmlKillexams : Cisco shares pop on earnings beat and increased 2023 forecast
A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022.
Earnings per share: 86 cents vs. 84 cents expected, according to Refinitiv
Revenue: $13.6 billion vs. $13.3 billion expected by analysts, according to Refinitiv
Revenue increased 6% year over year, while net income slid 10% to $2.7 billion. The company now expects sales growth in fiscal 2023 of 4.5% to 6.5%, up from a prior forecast that called for growth of 4% to 6%.
CFO Scott Herren said in a company release that Cisco delivered "strong results" and attributed the company's guidance forecast in part to an "easing supply situation."
While Cisco's numbers topped estimates, the company is still struggling to grow as the technology world rapidly shifts to cloud and subscription software and away from buying physical boxes. Cisco's stock price is down 27% this year, while the Nasdaq has dropped 29%.
Cisco's top business segment, which includes data-center networking switches, delivered $6.68 billion in revenue, up 12% from a year earlier.
Internet for the Future, its second-largest unit, saw revenue drop 5% to $1.3 billion. The division contains routed optical networking hardware the company picked up through its 2021 Acacia Communications acquisition.
Sales in the Collaboration segment, which features Webex, contributed $1.1 billion in revenue, down 2% year over year.
Cisco will hold its quarterly call with investors at 4:30 p.m. ET.
Wed, 16 Nov 2022 07:33:00 -0600entext/htmlhttps://www.cnbc.com/2022/11/16/cisco-csco-earnings-q1-2023.htmlKillexams : Cisco Stock Leaps As Easing Supply Chains Power Q1 Earnings Beat, Profit Forecast BoostNo result found, try new keyword!Cisco Systems (CSCO ... we are encouraged by what we are seeing with modest improvement in certain component availability as shortages continue to ease from last quarter," CEO Chuck Robbins ...Wed, 16 Nov 2022 22:15:00 -0600en-ustext/htmlhttps://www.thestreet.com/markets/cisco-stock-leaps-as-easing-supply-chains-power-q1-earnings-beatKillexams : Cisco Stock Gains on Earnings. Layoffs Are Coming.
Cisco Systems shares are trading higher after the networking-infrastructure company posted better-than-expected revenue and profit growth for its fiscal first quarter, ended Oct. 29. The company also raised its guidance for the year.
Cisco CEO Chuck Robbins also disclosed that the company was “right-sizing certain businesses,” reducing head count in some areas. Cisco Chief Financial Officer Scott Herren said in an interview that the cuts could affect up to 5% of the workforce. Cisco had 83,300 employees as of the end of July. Despite the planned cuts, Cisco expects to end the current fiscal year with head count about flat with the start of the year.