Cisco Systems, Inc. (NASDAQ:CSCO) Battles Back


Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Cisco Systems, Inc. (NASDAQ:CSCO) Chief Executive John Chambers spoke eagerly during the past week at the Consumer Electronics Show in the city of Las Vegas regarding an “Internet of everything”, which will one day swell systems to sensor-outfitted parking zones, shopping carts, even garbage cans.

But shareholders look preoccupied with the outlook of an Internet of lower earnings, where the company’s profitable, best-selling networking gear is displaced by no-name hardware catered by third-party software. In the month of November, the firm cut down its income and earnings guidance. Scrip has since declined.

The company specializes in networking gear such as switches, which hook up devices within a system, and routers that join systems to one another. It benefits from both huge market share and outsize income margins.

Mobstac lifts up $2 million from Accel Partners, Cisco

MobStac, a cloud platform for delivering excellent mobile websites and application programs, has lifted up $2 million Series B funding from Accel Partners plus Cisco Systems, Inc. (NASDAQ:CSCO).

Bangalore-based firm is a go-to-podium for biz organizations and ventures eyeing to connect with consumers on smartphones and tabs crosswise all channels — mobile web, Android, iOS, and Windows. MobStac proposes to utilize the funds to swell its product offering for consumer brands planning to tap into the rising mobile commerce zone.

“This support offers us the capability to swell our platform providing to provide next-gen mobile experiences for consumer brands,” stated Sharat Potharaju, chief executive officer of MobStac.

Cisco Systems, Inc. (NASDAQ:CSCO) declares a novel service

Cisco Systems, Inc. (NASDAQ:CSCO) is stressed with slumping income and income in recent years. The firm is mainly disturbed in its network equipment section which is its key source of income. The challenge to this section is posed by participants like Huawie, a Chinese firm, which is pushing the firm out of the most of the budding markets with its contemptible equipments.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.