Categories Markets, Technology

Cisco gets ready for new Wi-Fi technology

Connectivity giant Cisco Systems (CSCO) on Monday announced the roll-out of hardware for the next generation of Wi-Fi technology.

This will bring about a total upgrade to the company’s $28-billion infrastructure business, while aiming at a robust improvement in software revenue.

After announcing new access points and switches for businesses for Wi-Fi 6—the new standard expected to roll out by 2022—Cisco has surely taken point on the transition.

Image Courtesy: Cisco

The new network standards are expected to aid consumers due to their deeper ties with the 5G wireless networks—that will arrive around the same time. For eg, a hotel guest’s phone could handover from 5G to the hotel’s Wi-Fi network after the check-in process without having to enter the credentials.

Back in February, the Cisco stock soared to an 18-year high of $51.49, and the stock has been on a massive run ever since, inclyding trading as high as $56 today.

In the previously reported second quarter, the company’s results swung to a profit from a loss last year. Adjusted earnings soared by 16% helped by its continued momentum across the business..

With the company expecting global Internet traffic to increase threefold over the next five years, Cisco’s move to drive the industry’s transition to next-generation high-speed networks seems to be a smart one

The rise in products and services drove revenues higher. Despite the complex macro geopolitical environment, Cisco has seen a steady demand throughout the second quarter.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Also Read:  iPhone steadily gained market share in Asia this year

Most Popular

Yelp Q2 earnings: All key figures

Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the

Infographic: Uber (UBER) Q2 loss narrows; revenue beats

Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company

TMobile (TMUS) Q2 revenue up 61%; results beat Street view

TMobile US Inc.  (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also

Top