Cisco: launches new products and strategy, shares up
(CercleFinance.com) - Late on Thursday Cisco unveiled the details behind its new strategy of building "Internet for the Future" as part of a multi-year approach that is supposed to shape the Internet for decades to come.
The US network gear maker announced a new silicon architecture chip, a new operating system software designed to simplify operations, and a new line of routers to run digital applications and services such as 5G, video and cloud.
Analysts question whether the group is "catching the train late."
"On one hand, we can definitely say Cisco is catching up with peers, when it comes to a solution for hyperscale core/universal spine," New Street Research analyst Pierre Ferragu said.
"On the other hand, Cisco is positioning this technology for the long term evolution of service provider networks, and from that perspective, is indeed getting ready for the Internet of the future," the analyst said.
Investors seemed to be optimistic about the group's prospects, with the shares up 1.4% on the Nasdaq today, largely outperforming the US stockmarkets (+0.5%).
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