Cisco Systems (CSCO) – Get Report and Arista Networks (ANET) – Get Report were downgraded by Citigroup analyst Jim Suva, who sees the coronavirus pandemic continuing to blunt corporate demand for networks.
Cisco has networking systems for internet communications and internet technology, and Arista has cloud networking solutions.
Suva cut his share-price targets to $43 from $48 for Cisco and to $230 from $290 for Arista.
Cisco, San Jose, Calif., recently traded at $40.31, up 1.2%. The stock has slumped 16% year to date.
Arista recently traded at $226.29, down 0.6%. The stock has gained 11% year to date. The S&P 500 has climbed 10% year to date
“It is clear to us that business and life will not return to the pre covid-19 normal,” Suva wrote in a commentary.
“While we recognize there is likely a permanent shift to a more flexible work environment, we
A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average(DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.
Tech giant Apple(NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems(NASDAQ:CSCO) were also higher despite an analyst downgrade.
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Apple surges ahead of iPhone event
If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,
STOCKHOLM (Reuters) – Cisco has signed up Britain’s biggest telecoms group BT as its first customer for a new service to speed up internet video traffic through its networks as the coronavirus crisis pushes up demand for video streaming.
The new service, developed with U.S. cloud platform company Qwilt, helps telecom operators to build their own content delivery infrastructure to increase streaming quality, reduce cost, allow more control over content flows and add a revenue source.
Video streaming companies such as Netflix, Alphabet Inc’s YouTube, Disney+ and Amazon’s Prime video service, account for the majority of the internet’s traffic volume, which got a further boost from the pandemic.
And as 5G networks get deployed more widely, including the expected unveiling of Apple’s 5G iPhones next week, data and video traffic would increase more.
“Streaming video may be the killer app for the internet, but it doesn’t have to kill the
Cisco has released security updates for high-severity security flaws affecting Webex Teams for Windows, its Identity Services Engine, and Video Surveillance 8000 Series IP Cameras.
In this month’s first round of security updates from Cisco, the most serious vulnerability addressed is a remote code-execution (RCE) and denial-of-service (DoS) bug affecting its Video Surveillance 8000 Series IP Cameras.
The flaw, tracked as CVE-2020-3544, has a severity rating of 8.8 out of 10, on par with similar RCE and DoS flaws it disclosed in August affecting the Video Surveillance 8000 Series IP Cameras.
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Both sets of vulnerabilities were reported by Qian Chen of Qihoo 360 Nirvan Team and both concern flaws in the Cisco Discovery Protocol, a Layer 2 or data link layer protocol in the Open Systems Interconnection (OSI) networking model.
Similarly, both are due to “missing checks when an IP camera processes
Verizon and Cisco announced Wednesday a new collaboration that will integrate Verizon’s 5G network and edge interfaces with products from Cisco’s sports and entertainment portfolio.
Specifically, the companies said they plan to integrate Cisco’s DNA Spaces for secure location analytics, switching and data center technology, and connected venue analytics with Verizon’s 5G and mobile edge computing (MEC) environments.
The aim is to target sporting and entertainment venues with next-generation connectivity and infrastructure services as they begin to reopen to live fans after the pandemic.
With 5G shifting workloads from the edge device to centralized systems, Cisco and Verizon posit that these joint technologies could reduce the cost of processing and requirements for edge devices, making applications more cost-effective and easier to deploy.
Cisco and Verizon highlight several use case examples for how their joint offerings could be used. For instance, a stadium could use analytics to estimate wait times at
Internet2, Cisco Team Up To Deliver Advanced Networking Technology in Support of Research and Academic Collaboration
WASHINGTON, Oct. 7, 2020
Cisco’s Internet for the Future routers and software will deliver key services for the Internet2 nationwide research and education network
WASHINGTON, Oct. 7, 2020 /PRNewswire/ — Internet2 today announced a strategic alliance with Cisco to deliver next-generation capabilities and software solutions across the U.S. research and education (R&E) infrastructure that enables scientific collaboration at a global scale. The new agreement between the two organizations focuses on delivering a national R&E network with increased capacity incrementing at 400 gigabits per second, on-demand cloud-connectivity, and a reduced carbon footprint that will remove 6681 metric tons a year of carbon from the environment. The agreement also includes collaborative opportunities for Internet2 and Cisco to support research activities and multi-domain service orchestration with campus and regional partners.
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Sep 29, 2020 (Market Insight Reports) —
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