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Exam Code: 500-230 Practice test 2022 by Killexams.com team
500-230 Cisco Service Provider Routing Field Engineer

Welcome to the Introduction to Cisco Sales training. This course provides an overview of Cisco's vision and the products and solutions available to sell. It also covers general concepts of Ciscos business outcome selling, the customer value proposition and stakeholder management. You will learn about Ciscos Enterprise and Digital Network Architecture (DNA) which includes, but is not limited to, Routing & Switching, Wireless & Mobility and Digitization. We will also discuss Ciscos Security architecture covering Ciscos approach to Security, the threat centric security model, network security, visibility, enforcement, management and more. This courses also covers Cisco Data Center and Cloud architectures including Ciscos Unified Data Center, Unified Fabric, Converged Infrastructures, Cloud and Multi-Cloud. You will also learn about Ciscos Collaboration solutions around its Architecture, platform, end points, Spark solutions, Conferencing and On-prem, Cloud and Hyrbid Cloud. The Introduction to Cisco Sales course is part of Cisco's Continuous Learning earning you valuable points towards your Specialization Certifications. Prepares you to take the 700-150 Cisco test for Account Managers.
Cisco Service Provider Routing Field Engineer
Cisco Provider information search
Killexams : Cisco Provider information search - BingNews https://killexams.com/pass4sure/exam-detail/500-230 Search results Killexams : Cisco Provider information search - BingNews https://killexams.com/pass4sure/exam-detail/500-230 https://killexams.com/exam_list/Cisco 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.

Tue, 29 Nov 2022 08:42:00 -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 : Converge Technology Solutions Corp. Named Cisco Multiple Region Partner of the Year for 2022

TORONTO, ON and GATINEAU, QC, Nov. 15, 2022 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) a services-led, software-enabled, IT & Cloud Solutions provider, is pleased to announce it has been named Cisco's Multiple Region Partner of the Year for 2022.

Converge Technology Solutions (CNW Group/Converge Technology Solutions Corp.)

Converge was given this award in recognition for driving Cisco bookings in 43 of 50 US states, while booking over $1M in 31 sales regions. This award was announced at the annual Cisco Partner Summit, which is dedicated to celebrating Cisco partners' accomplishments and recognizing top-performing partners and their respective achievements.

"Converge is proud of our strong Cisco partnership and the incredible accomplishments of our joint teams in 2022," stated Shaun Maine, CEO of Converge. "The results are a testament to our strategy of building a platform across North America and driving the right level of value for our clients in every region. We are excited to have been recognized as Cisco's Multiple Region Partner of the Year and look forward to more success in 2023 and beyond."

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

Cision View original content to get multimedia:https://www.prnewswire.com/news-releases/converge-technology-solutions-corp-named-cisco-multiple-region-partner-of-the-year-for-2022-301678437.html

SOURCE Converge Technology Solutions Corp.

Mon, 14 Nov 2022 23:42:00 -0600 en text/html https://markets.businessinsider.com/news/stocks/converge-technology-solutions-corp-named-cisco-multiple-region-partner-of-the-year-for-2022-1031914979
Killexams : World Wide Technology Recognized as Global Service Provider Partner of the Year and the Global Enterprise Partner of the Year at Cisco Partner Summit 2022

LAS VEGAS--()--World Wide Technology (WWT) today announced that it has been recognized as the Global Service Provider Partner of the Year and the Global Enterprise Partner of the Year at Cisco’s annual Partner Summit. The Cisco Partner awards recognize business success, innovation, and best-in-class sales and service. Selected by executives within the Cisco Global Partner Sales and Routes to Market organization, recipients of Cisco Partner Awards are top-performing partners that have introduced innovative processes, seized new opportunities, and adopted sales approaches that achieve substantial business outcomes for customers.

“Cisco partners are engines of growth and innovation in our shared success. Together, we have come through a challenging year to achieve outstanding results, respond to customer challenges, and meet our business imperatives,” said Oliver Tuszik, Senior Vice President, Global Partner Sales and Routes to Market, Cisco. “Congratulations to World Wide Technology for being recognized as the Global Service Provider Partner of the Year and the Global Enterprise Partner of the Year. You have demonstrated your expertise and commitment to performance and are well positioned for continued success in the Age of the Partner.”

“WWT is honored to receive these awards, especially from one of our most important partners in Cisco,” said Jim Kavanaugh, Co-founder and CEO of WWT. “Our customers face some of the biggest technology challenges in latest memory – with digital transformation and a workplace renaissance leading the way. Our partnership with Cisco, and its collaborations within WWT’s ATC platform, are paramount in helping our customers innovate and grow through technology.”

In addition to these global awards, Cisco also recognized WWT for the following awards:

Global Awards

  • Service Provider Partner of the Year
  • Enterprise Partner of the Year

Americas Geographical Area Awards:

  • Enterprise Partner of the Year
  • CISG (Cloud Infrastructure and Software Group) Partner of the Year

US Public Sector Area Awards

  • Federal Partner of the Year

Regional Area Awards

  • US Central Area Award – Enterprise Networking Partner of the Year
  • US West Area Award – Enterprise Partner of the Year
  • US West Area Award – Service Provider Web Partner of the Year
  • US East Area Award – CISG (Cloud Infrastructure and Software Group) Partner of the Year

EMEA Area Awards

  • Enterprise Partner of the Year

UK&I Area Awards

  • Enterprise Partner of the Year

WWT was also recently honored with the 2022 Webex Hybrid Work Innovation Award. This is the second year in a row that WWT has received the award from Webex, which demonstrates WWT’s ongoing commitment to supporting businesses as they evolve their hybrid-working strategies with streamlined solutions and innovative technology.

Cisco Partner Summit Global awards reflect the top-performing partners within specific technology markets across all geographical regions. All award recipients are selected by a group of Cisco Global Partner organization and regional executives.

About World Wide Technology

World Wide Technology (WWT), a global technology solutions provider with $14.5 billion in annual revenue, combines the power of strategy, execution and partnership to accelerate transformational outcomes for large public and private organizations around the world. Through its Advanced Technology Center, a collaborative ecosystem of the world’s most advanced hardware and software solutions, WWT helps customers and partners conceptualize, test and validate innovative technology solutions for the best business outcomes and then deploys them at scale through its 4 million square feet of global warehousing, distribution and integration space. With over 8,000 employees and more than 55 locations around the world, WWT’s culture, built on a set of core values and established leadership philosophies, has been recognized 11 years in a row by Fortune and Great Place to Work® for its unique blend of determination, innovation and leadership for diversity and inclusion. With this culture at its foundation, WWT bridges the gap between business and technology to make a new world happen for its customers, partners and communities.

Connect with WWT: Twitter | Instagram | Facebook | LinkedIn

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your enterprise, transforming your infrastructure, and © 2022 Cisco and/or its affiliates. All rights reserved. empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter at @Cisco

Wed, 09 Nov 2022 01:02:00 -0600 en text/html https://www.businesswire.com/news/home/20221109005304/en/World-Wide-Technology-Recognized-as-Global-Service-Provider-Partner-of-the-Year-and-the-Global-Enterprise-Partner-of-the-Year-at-Cisco-Partner-Summit-2022
Killexams : Cisco SMB Segment ‘By Far’ The Biggest Partner Opportunity

Networking News

Gina Narcisi

‘The SMB market is by far the biggest opportunity to grow or even double its market share … And interestingly enough, [in SMB], this is 100 percent partners,’ Cisco Channel Chief Oliver Tuszik tells CRN.

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Cisco’s SMB focus of today isn’t the small business play the company’s touted in the past, partners and executives told CRN at Cisco Partner Summit 2022.

SMB was the fastest-growing segment for Cisco during 2022 with 28.5 percent growth in bookings for the fiscal year that ended in July. It’s proving that Cisco, with its partners, are starting to tap into this blossoming market, but they are just scratching the surface, Cisco Channel Chief Oliver Tuszik told CRN.

“The SMB market is by far the biggest opportunity to grow or even double its market share,” Tuszik said. “We’re very strong, thanks to our partners, in the enterprise space and even in the public sector, but when we go down into the SMB space, this is an area where we only have a small market share.”

But Tuszik said this small but mighty segment is not only growing but outperforming right now. “And interestingly enough, [in SMB], this is 100 percent partners,” he added.

[Related: Cisco Partner Summit 2022: CEO Chuck Robbins’ Top 5 Quotes ]

Andrew Sage, Cisco’s vice president of global distribution sales, called Cisco’s SMB segment “hot.”

“These customers are stampeding to the cloud [and] they’re embracing things they couldn’t do before. It’s really driving growth for our partners to support these customers,” Sage said.

Cisco is leading with the Meraki portfolio in the SMB space because of its simplified cloud-based networking experience and now, the Meraki dashboard’s ability to manage more of Cisco’s networking products, like its Catalyst line. It’s also bringing in Cisco Umbrella and Duo on the security side and the robust Webex platform collaboration in to arm SMBs for hybrid work, Sage said.

“From a portfolio focus, we’re in a better spot than we’ve ever been in terms of having the technology these customers need, the price points that they need,” he said.

Cisco’s former “Small Business” segment was off-putting to many medium-sized businesses, but by changing the strategy in favor of SMBs and leading with Meraki, the company’s approach is more inclusive of different kinds of businesses, said CJ Metz, vice president of Modern Infrastructure for Irvine, Calif.-based Cisco Gold Partner Trace3.

“They’re not pushing people away at the outset,” Metz said.

While Trace3 largely focuses on enterprise clients, it has a large division specifically designed for the midmarket. “What we’re seeing is a large shift as SMB companies really catch up to digital transformation. Meraki gives [them] that full stack visibility across wireless, switching, routing and everything in between. It’s just a phenomenal platform,” he said.

Cisco is also supplying partners like Trace3 “warm leads” for midmarket deals, Metz said. “It’s just it’s a volume issue at the end of the day -- there’s so many midmarket customers out there,” he said. “There’s been a much more concerted and focused effort on less of the kind of customized sales tactics that you would do as for an enterprise. It’s more of a repeatable sales motion specific to Meraki, and we do see a lot of value there.”

Cisco knew that it also needed to change up its marketing in a way that better aligned with what SMB customers need to hear from a tech vendor. To that end, Cisco.com/SMB was redesigned and launched in August that focuses more on business outcomes and hybrid work.

Sage said that Cisco has seen a 175 percent increase in the number of customers going to the site and has generated 1,600 leads for partners since Cisco doesn’t do any SMB business directly.

Cisco Perform Plus Activate

Cisco is reaching out to partners just starting down the road with the tech giant with incentives geared toward smaller Cisco partners just starting out.

Perform Plus is an existing global incentive that rewards partners with a cash rebate for achieving overall growth and additional bonuses for cross-selling across architectures and focusing on midsize and small customer segments. The tech giant at Partner Summit unveiled Perform Plus Activate, a profitability program for those smaller partners.

“Those are great relationships for Cisco,” Sage said. “[The Activate partners] can log into our site, see the analytics of your business, and we’re working directly with them on setting quarterly goals and paying out rebates. They’ve [also] got access through our PXP platform to training and enablement.”

To reach these new partners, Cisco is working through its distributors. These players, including CDW, are offering local support to smaller partners, Sage said.

Still, one East coast-based Cisco partner that requested anonymity lamented about working through a distributor rather than Cisco. “That’s still a challenge for us,” the partner executive said.

Sage said that distributors have “far more” staff down in this in this space to support these partners. “It’s a base level of support that a distributor can provide a partner that we just couldn’t do. And it’s simple stuff like credit capacity, pre-sales, consulting and engineering, and holding inventory, “ he explained.

The hope is for many of the Perform Plus Activate Partners to “graduate” to Perform Plus, Sage added.

“They’ll hit that accelerating point in terms of their Cisco practice growth. We really want to try to communicate with that reseller, provide them the ability to use our branding so that we show our strong relationship with them and we want to use the distributors to be able to scale our support to them.”

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.

Mon, 07 Nov 2022 01:26:00 -0600 en text/html https://www.crn.com/news/networking/cisco-smb-segment-by-far-the-biggest-partner-opportunity
Killexams : Cisco SD-WAN update aimed at simplifying 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.

Tue, 29 Nov 2022 06:39:00 -0600 en text/html https://www.networkworld.com/article/3681657/cisco-updates-sd-wan-to-simplify-provisioning-management.html
Killexams : Is It Time to Buy Cisco Stock?

Shares of networking hardware giant Cisco Systems (CSCO -0.84%) have trended lower this year, just like most other tech stocks. A 25% decline in the stock price has made it look cheap. Cisco reported adjusted earnings per share of $3.36 in fiscal 2022, which ended July 30, putting the price-to-earnings ratio at 14.

That's not a particularly optimistic valuation for a company that is the overwhelming leader in its core markets. Cisco held a 42.3% share of the ethernet switch market in the second quarter, more than quadruple its next-largest competitor. In the service provider and enterprise router market, Cisco captured roughly one-third of all sales.

Despite Cisco's dominance, the company is prone to big drops in demand when economic uncertainty runs high. Cisco's products are mission critical, but it's also easy for an enterprise customer to delay upgrades during tough economic conditions.

With a recession a possibility in 2023, is now the time to buy Cisco stock?

So far, so good

Looking at Cisco's latest quarterly results, the company appears to be doing just fine. Revenue rose 7% year over year to $13.6 billion in the fiscal first quarter ended Oct. 29, and adjusted EPS jumped 5% to $0.86.

Importantly, Cisco's guidance for the full year is optimistic. The company sees revenue growing by between 4.5% and 6.5%, with non-GAAP EPS solidly above fiscal 2022 levels.

Cisco's transformation into a solutions provider is making the company's results a bit more predictable. While selling hardware is still the core business, the company has grown into a recurring revenue powerhouse. Subscriptions generated $5.9 billion of revenue in the first quarter, about 43% of total revenue. Of that, software subscription revenue was $3.3 billion, while service subscription revenue totaled $2.5 billion.

Cisco's results this year will be partly driven by a big backlog of orders. The company expects to end the fiscal year with a backlog that's two to three times larger than historical levels. Supply chain constraints throughout the pandemic have held up hardware shipments, and any software subscriptions tied to that hardware also got caught up in the backlog. Cisco's software subscription revenue surged 11% in the first quarter, as some of those subscriptions got delivered, although the company still has more than $2 billion of software in its backlog.

Even if global economies enter recession next year, Cisco's enormous backlog and its trove of subscription revenue should help prop up sales for a while, even if underlying demand deteriorates.

Product orders are tumbling

While Cisco expects revenue to grow this year, it's already seeing its customers pulling back on new orders. Total product orders plunged 14% in the first quarter. Europe, the Middle East, and Africa was the worst geographic segment for Cisco, with product orders down 23%. The company pointed to sky-high energy prices in Europe as one reason for the pullback, but it noted that some of its product lines that focus on lowering energy consumption could do well in this environment.

While orders were down, this was still the second-largest order tally for the first quarter in Cisco's history. Cisco had a difficult comparison against an extremely strong quarter for orders last year.

And it wasn't all bad news: Product orders coming from U.S. enterprise customers grew slightly, partly offsetting weakness from other customer groups.

Cisco's order backlog gives it visibility into revenue over the next few quarters, but if product orders continue to deteriorate, the company will work through that backlog and once again be at the mercy of end-market demand. And if a recession does strike next year, a prolonged period of weak product orders seems likely.

Is Cisco stock a buy?

Cisco's dominant market position and inexpensive valuation make it one of the most appealing tech stocks to buy right now. However, anyone who's considering investing in Cisco needs to understand that the company's revenue and profits can be a bit volatile. An overloaded backlog is smoothing things out right now, but that can't last forever.

Be ready for a revenue and profit decline sometime next year if global economies continue to deteriorate. In the long run, Cisco is aiming to grow revenue and profit by 5% to 7% annually. But that won't happen every year. If you're a long-term investor able to stomach some temporary setbacks, Cisco is a great stock to buy.

Mon, 21 Nov 2022 16:20:00 -0600 Timothy Green en text/html https://www.fool.com/investing/2022/11/22/is-it-time-to-buy-cisco-stock/
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 : 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
Killexams : Cisco’s Revenue Forecast Points to Steady Technology Spending

(Bloomberg) -- Cisco Systems Inc., the biggest maker of machines that run computer networks and the internet, gave an upbeat quarterly revenue forecast, while also unveiling a plan to cut jobs and reduce office space to align with changing business conditions.

Most Read from Bloomberg

Sales in the quarter ending in January will jump 4.5% to 6.5%, Cisco said Wednesday in a statement. Analysts had predicted that revenue would expand about 4% from a year ago, when the company generated $12.7 billion in sales. For fiscal 2023, revenue will grow as much as 6.5%, an increase from the company’s previous outlook of as much as 6%.

Cisco said a restructuring plan beginning in the current quarter would involve job cuts to “rebalance the organization” and office closings to align better with employees working in a hybrid system from home and company locations. San Jose, California-based Cisco will incur pretax charges of about $600 million for severance, termination and other costs, about half of which will be recognized in the current quarter, according to a regulatory filing.

The restructuring plan will affect about 5% of the company’s employees, who will be given the opportunity to move to other positions at Cisco, Chief Financial Officer Scott Herren said in an interview.

“This is not about reducing our workforce -- in fact we’ll have roughly the same number of employees at the end of this fiscal year as we had when we started,” Herren said. Cisco had more than 83,000 employees as of July 30.

Cisco joins technology companies including Meta Platform Inc., Amazon.com Inc. and Salesforce Inc. that have announced job cuts and hiring freezes in latest weeks amid an uncertain economic climate.

Cisco’s management has argued that upgrading networks to keep up with the pace of data generation is so important that corporations and government agencies were continuing to spend regardless of external circumstances. That optimism in the face of the broader economic downturn is being supporting by continuing strong orders and Cisco’s ability to meet customer demand via greater availability of components.

The shares rose about 4% in extended trading following the announcement. The stock had earlier closed at $44.39 in New York and has dropped 30% this year.

Under Chief Executive Officer Chuck Robbins, Cisco has been trying to fire up growth with hardware and software, as well as new products provided over the internet. Robbins is aiming to make the company a provider of services paid for on a recurring basis and less reliant on one-time sales of expensive machines.

Revenue in the three months that ended Oct. 29 gained 6% to $13.6 billion. Excluding some items, per-share profit was 86 cents. Analysts had projected sales of $13.3 billion and profit of 84 cents.

Highlighting the demand for Cisco’s gear, its hardware division -- the largest contributor to total revenue --posted a sales increase of 12% in the fiscal first quarter from a year earlier. The security unit gained 9% while collaboration, Cisco’s conferencing-related division, declined 2%.

Recurring revenue from its new product offerings increased to more than $23 billion on a annualized basis, and greater availability of chips helped the company fill more orders, Herren said in the statement. That performance, along with the easing supply situation, “provides us with great visibility and predictability, and supports our increased full year guidance,” Herren added.

Profit, excluding some items, will be 84 cents to 86 cents a share in the current quarter. For the fiscal year, Cisco projected that measure at $3.51 to $3.58 a share. Both predictions are in line with estimates.

(Updates with restructuring costs in the third paragraph.)

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