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Exam Code: 200-901 Practice exam 2022 by Killexams.com team
200-901 DevNet Associate (DEVASC)

Exam Number : 200-901
Exam Name : DevNet Associate (DEVASC)
Duration: 120 minutes
Available languages: English, Japanese

This exam tests your knowledge of software development and design, including:
- Understanding and using APIs
- Cisco platforms and development
- Application development and security
- Infrastructure and automation

The DevNet Associate exam v1.0 (DEVASC 200-901) exam is a 120-minute exam associated with the Cisco Certified DevNet Associate certification. This exam tests a candidate's knowledge of software development and design including understanding and using APIs, Cisco platforms and development, application development and security, and infrastructure and automation. The course, Developing Applications and Automating Workflows Using Cisco Core Platforms, helps candidates to prepare for this exam.

15% 1.0 Software Development and Design
1.1 Compare data formats (XML, JSON, and YAML)
1.2 Describe parsing of common data format (XML, JSON, and YAML) to Python data structures
1.3 Describe the concepts of test-driven development
1.4 Compare software development methods (agile, lean, and waterfall)
1.5 Explain the benefits of organizing code into methods / functions, classes, and modules
1.6 Identify the advantages of common design patterns (MVC and Observer)
1.7 Explain the advantages of version control
1.8 Utilize common version control operations with Git
1.8.a Clone
1.8.b Add/remove
1.8.c Commit
1.8.d Push / pull
1.8.e Branch
1.8.f Merge and handling conflicts
1.8.g diff
20% 2.0 Understanding and Using APIs
2.1 Construct a REST API request to accomplish a task given API documentation
2.2 Describe common usage patterns related to webhooks
2.3 Identify the constraints when consuming APIs
2.4 Explain common HTTP response codes associated with REST APIs
2.5 Troubleshoot a problem given the HTTP response code, request and API documentation
2.6 Identify the parts of an HTTP response (response code, headers, body)
2.7 Utilize common API authentication mechanisms: basic, custom token, and API keys
2.8 Compare common API styles (REST, RPC, synchronous, and asynchronous)
2.9 Construct a Python script that calls a REST API using the requests library
15% 3.0 Cisco Platforms and Development
3.1 Construct a Python script that uses a Cisco SDK given SDK documentation
3.2 Describe the capabilities of Cisco network management platforms and APIs (Meraki, Cisco DNA Center, ACI, Cisco SD-WAN, and NSO)
3.3 Describe the capabilities of Cisco compute management platforms and APIs (UCS Manager, UCS Director, and Intersight)
3.4 Describe the capabilities of Cisco collaboration platforms and APIs (Webex Teams, Webex devices, Cisco Unified Communication Manager including AXL and UDS interfaces, and Finesse)
3.5 Describe the capabilities of Cisco security platforms and APIs (Firepower, Umbrella, AMP, ISE, and ThreatGrid)
3.6 Describe the device level APIs and dynamic interfaces for IOS XE and NX-OS
3.7 Identify the appropriate DevNet resource for a given scenario (Sandbox, Code Exchange, support, forums, Learning Labs, and API documentation)
3.8 Apply concepts of model driven programmability (YANG, RESTCONF, and NETCONF) in a Cisco environment
3.9 Construct code to perform a specific operation based on a set of requirements and given API reference documentation such as these:
3.9.a Obtain a list of network devices by using Meraki, Cisco DNA Center, ACI, Cisco SD-WAN, or NSO
3.9.b Manage spaces, participants, and messages in Webex Teams
3.9.c Obtain a list of clients / hosts seen on a network using Meraki or Cisco DNA Center
15% 4.0 Application Deployment and Security
4.1 Describe benefits of edge computing
4.2 Identify attributes of different application deployment models (private cloud, public cloud, hybrid cloud, and edge)
4.3 Identify the attributes of these application deployment types
4.3.a Virtual machines
4.3.b Bare metal
4.3.c Containers
4.4 Describe components for a CI/CD pipeline in application deployments
4.5 Construct a Python unit test
4.6 Interpret contents of a Dockerfile
4.7 Utilize Docker images in local developer environment
4.8 Identify application security issues related to secret protection, encryption (storage and transport), and data handling
4.9 Explain how firewall, DNS, load balancers, and reverse proxy in application deployment
4.10 Describe top OWASP threats (such as XSS, SQL injections, and CSRF)
4.11 Utilize Bash commands (file management, directory navigation, and environmental variables)
4.12 Identify the principles of DevOps practices
20% 5.0 Infrastructure and Automation
5.1 Describe the value of model driven programmability for infrastructure automation
5.2 Compare controller-level to device-level management
5.3 Describe the use and roles of network simulation and test tools (such as VIRL and pyATS)
5.4 Describe the components and benefits of CI/CD pipeline in infrastructure automation
5.5 Describe principles of infrastructure as code
5.6 Describe the capabilities of automation tools such as Ansible, Puppet, Chef, and Cisco NSO
5.7 Identify the workflow being automated by a Python script that uses Cisco APIs including ACI, Meraki, Cisco DNA Center, or RESTCONF
5.8 Identify the workflow being automated by an Ansible playbook (management packages, user management related to services, basic service configuration, and start/stop)
5.9 Identify the workflow being automated by a bash script (such as file management, app install, user management, directory navigation)
5.10 Interpret the results of a RESTCONF or NETCONF query
5.11 Interpret basic YANG models
5.12 Interpret a unified diff
5.13 Describe the principles and benefits of a code review process
5.14 Interpret sequence diagram that includes API calls
15% 6.0 Network Fundamentals
6.1 Describe the purpose and usage of MAC addresses and VLANs
6.2 Describe the purpose and usage of IP addresses, routes, subnet mask / prefix, and gateways
6.3 Describe the function of common networking components (such as switches, routers, firewalls, and load balancers)
6.4 Interpret a basic network topology diagram with elements such as switches, routers, firewalls, load balancers, and port values
6.5 Describe the function of management, data, and control planes in a network device
6.6 Describe the functionality of these IP Services: DHCP, DNS, NAT, SNMP, NTP
6.7 Recognize common protocol port values (such as, SSH, Telnet, HTTP, HTTPS, and NETCONF)
6.8 Identify cause of application connectivity issues (NAT problem, Transport Port blocked, proxy, and VPN)
6.9 Explain the impacts of network constraints on applications

DevNet Associate (DEVASC)
Cisco Associate testing
Killexams : Cisco Associate testing - BingNews https://killexams.com/pass4sure/exam-detail/200-901 Search results Killexams : Cisco Associate testing - BingNews https://killexams.com/pass4sure/exam-detail/200-901 https://killexams.com/exam_list/Cisco Killexams : How Cisco keeps its APIs secure throughout the software development process

Software developers know not to reinvent the wheel. So, they lean on reusable micro-services – and their corresponding application programming interfaces (APIs) – as building blocks for application components. “Developers want to focus on the added value they can bring instead of rebuilding things that have great solutions out there already,” says Grace Francisco, vice president of developer relations, strategy, and experience at Cisco. “APIs make that easy for developers to consume.”

And they have been consuming: Nearly 90% of developers use APIs in some capacity, according to a 2020 SlashData survey.

The chaotic API landscape

While such an approach toward software development might be more efficient, it also leads to security vulnerabilities that keep CISOs up at night. With the introduction of inter-dependent SaaS, micro-services and internal and external APIs, it is getting more difficult for organizations to control which APIs are made available for internal and external consumption. Such dizzyingly interconnected cloud-native architecture brings to mind Dr. Seuss’s words from The Cat in the Hat: “This mess is so big and so deep and so tall.”

grace francisco headshot Cisco

Grace Francisco, Cisco vice president of developer relations, strategy, and experience 

The mess is also spread out. APIs are often distributed over multiple platforms that can be on-premises or in the cloud. Cloud-native architectures can’t be corralled into one tidy unit with a robust security perimeter.

Worse, APIs themselves have varying levels of security, with some scoring higher marks than others. Both internal and external APIs can be vulnerable and sometimes code can have indirect dependencies on vulnerable APIs. API vulnerabilities can occur at multiple layers, ranging from the cloud security posture, the images from which the application is built up, the configuration of the cloud-native application, the software that makes up the application itself, and the API implementation enabling the cloud-native application to communicate internally and externally.

Today’s agile development with CI/CD pipelines runs on compressed time cycles leading to more security complications. Two-week sprints are not uncommon. “You’re building and deploying so rapidly that there are some things you may not catch or understand until it’s actually in a live, running production,” Francisco says. When it comes to security, late might be better than never, but pushing security operations to the end of the development cycle wastes time and effort.

Copyright © 2022 IDG Communications, Inc.

Wed, 23 Nov 2022 15:48:00 -0600 en text/html https://www.csoonline.com/article/3679491/how-cisco-keeps-its-apis-secure-throughout-the-software-development-process.html
Killexams : Cisco’s Chuck Robbins On XaaS: We ‘Realized We Weren’t As Operationally Ready’

Networking News

Gina Narcisi

‘Cisco’s got some ground to cover, but it’s really about the long game. While you can argue they are late to market, we believe that they’re going to be able to learn from the lessons of all their competitors and come out with even stronger products,’ one Cisco partner tells CRN about the company’s as-a-service drive.

 ARTICLE TITLE HERE

Customers are looking for different ways to acquire the IT they need, including buying in an as-a-service model to save some capital, but Cisco has faced a few accurate hindrances to as a service, according to the company’s executives.

For the San Jose, Calif.-based tech giant, supply chain constraints have been an ongoing obstacle to the Everything-as-a-Service (XaaS) trend because Cisco and its partners couldn’t deliver the equipment that’s part of as-a-service offers, specifically, its Cisco Plus strategy.

“And then we also realized we weren’t as operationally ready,” Cisco CEO Chuck Robbins told analysts regarding the company’s XaaS push at Cisco Partner Summit 2022 earlier this month.

Many customers interpreted the launch of Cisco Plus as just a different way to finance IT — a “fancy lease” — versus a true XaaS model, said Neil Anderson, area vice president of cloud and infrastructure solutions for Maryland Heights, Mo.-based Cisco Gold partner World Wide Technology (WWT).

But channel partners want to put vendor XaaS offerings “under the hood” and built their own services on top of the stack to create a turnkey offering for their end customers. Customers, on the other hand, often want to have the option to manage some of their own IT, Anderson said.

“Part of the problem in getting to a true as-a-service model, as a utility, is that most customers still want some form of co-management. They don’t want somebody to just do everything for them and they have no visibility into it. They want a portal where they can see how things are going, maybe touch a few things. So, this idea of co-management, I think, is going to be really important for network as a service,” he said.

[Related: Cisco’s X Factor: How Chuck Robbins Is Taking Partners Into The Future ]

WWT is seeing this prerequisite across the board — not just in networking, but also in the collaboration space. The firm is seeing more RFPs with a requirement for managed services. “That allows the partner to add an additional layer of value to it so it’s not just a resell lead, it’s [giving] the partner some skin in the game long term,” said Joe Berger, area vice president of Digital Experiences for WWT.

Cisco Channel Chief Oliver Tuszik told CRN in an interview that the company is focused on enabling customers to buy and consume the Cisco portfolio in an as a service motion if that’s how they’d like to buy, and for more partners to sell in an as a service model.

“Our strategy must be that we allow our customers, wherever they are in the world, to buy whatever Cisco has in his portfolio in an as a service or managed motion,” Tuszik said.

But the as-a-service effort goes beyond products. It’s about building out Cisco’s Provider partner role the company introduced in 2021 within its Global Partner Program, he said, a role built with the MSP partner in mind and recognizes partners based on their investment in managed services and as-a-service solutions. As the managed services business has taken off, Cisco has since upped its investments in Provider partners with predictable pricing, deal registration for managed services, more flexible consumption options, dedicated investment and business development funds, technical support enablement, and co-marketing, the company said.

Cisco is also building more modular programs and new incentive schemes, Tuszik said. “We are incentivizing our people to sell partner-managed services,” he told CRN. “We’re paying our sales team more if they sell a partner-managed service — 50 percent more,” he added.

At Partner Summit 2022, the tech giant revealed it had tripled the number of staff working on service creation motions with partners, as well as a 1.5x payout multiplier to support the growth of partner-managed SD-WAN, Secure Access Service Edge (SASE), and full-stack observability offers.

Companies like HPE and Cisco are turning to partners during this time of resource constraints and talent shortages to learn more about what the channel can offer by way of managed services and what they can take off the vendors’ hands. Customers are looking for “cloud-like” IT experiences that are more automated and that also encompass on-premises tech environments for customers grappling with requirements that prevent them from going all-in on cloud, like data sovereignty. There’s where Cisco Plus fits in, said CJ Metz, vice president of Modern Infrastructure for Irvine, Calif.-based Cisco Gold Partner Trace3.

Trace3 also partners with HPE. Metz said that the major differentiator for HPE GreenLake has been in how the company shifted its entire focus to support its as a service strategy, including executive compensation, sales compensation and the support structures that underpin it. “[HPE] just has had more time to take more risks, to learn the hard lessons,” he said.

Cisco, he added, has been forthcoming to partners about its need to catch up. “Cisco’s got some ground to cover, but it’s really about the long game. While you can argue they are late to market, we believe that they’re going to be able to learn from the lessons of all their competitors and come out with even stronger products.”

For Cisco’s part in becoming more operationally ready for XaaS, Robbins told analysts: “I think over the next 6 to 12 months, you’ll see a lot of progress on this front.”

In the meantime, Cisco already has many as-a-service offers on the market today by way of their channel partners, the CEO added.

“We’ve got stuff going in the cloud marketplaces that we didn’t have before, we’ve got partners delivering as a service today and we’ve got the SASE [Cisco Plus Secure Connect Now] offer out there,” Robbins said. “There’s a few things we need to do, but there’s an awful lot offers that are out there today for customers.”

Cisco doesn’t specifically break out revenue related to its Cisco Plus strategy, but the company’s most accurate fiscal quarter that ended Oct. 29 saw software subscription revenue climb 11 percent year over year.  

Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

Wed, 30 Nov 2022 08:56:00 -0600 en text/html https://www.crn.com/news/networking/cisco-s-chuck-robbins-on-xaas-we-realized-we-weren-t-as-operationally-ready-
Killexams : 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.)

Copyright © 2022 IDG Communications, Inc.

Mon, 05 Dec 2022 12:57:00 -0600 en text/html https://www.networkworld.com/article/3681657/cisco-updates-sd-wan-to-simplify-provisioning-management.html
Killexams : Cisco: Near-Term Downside Risks, Hold
CISCO headquarters in Silicon Valley

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.

image4.png

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.

image7.png

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.

image6.png

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.

image1.png

TechStockPros

image3.png

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.

image2.png

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.

image5.png

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 -0600 en text/html https://seekingalpha.com/article/4556589-cisco-near-term-downside-risks-hold
Killexams : Is Cisco Systems Stock a Buy Now?

Cisco's (CSCO -0.95%) 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.

An IT professional checks servers.

Image source: Getty Images.

Why were investors worried 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 with Zoom 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 -0600 Leo Sun en text/html https://www.fool.com/investing/2022/11/20/is-cisco-systems-stock-a-buy-now/
Killexams : 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.

Paresh Dave | Reuters

Cisco reported fiscal first-quarter results on Wednesday that beat analysts' estimates and boosted its guidance for fiscal 2023.

The stock rose about 5% in extended trading.

Here's how the company did:

  • 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 -0600 en text/html https://www.cnbc.com/2022/11/16/cisco-csco-earnings-q1-2023.html
Killexams : Cisco Just Demonstrated the Power of Stock Buybacks

Networking-equipment giant Cisco Systems (CSCO -1.01%) 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.

CSCO Stock Buybacks (Quarterly) Chart

CSCO Stock Buybacks (Quarterly) data by YCharts.

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.

CSCO Free Cash Flow Chart

CSCO Free Cash Flow data by YCharts.

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 -0600 Anders Bylund en text/html https://www.fool.com/investing/2022/11/18/cisco-demonstrated-the-power-of-stock-buybacks/
Killexams : What to expect when economic bellwether Cisco reports quarterly results

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 -0600 en text/html https://www.cnbc.com/2022/11/15/what-to-expect-when-economic-bellwether-cisco-reports-results.html
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