Tag Archives: csco

Cisco Executive Shuffle Continues As CEO Change Nears

Cisco Systems (CSCO) revealed some executive appointments early Thursday, as the company prepares for its new chief executive to take the helm next month. Chuck Robbins, an 18-year Cisco veteran who is now senior vice president of worldwide operations, takes over as CEO of the computer networking leader on July 26. Robbins is succeeding 20-year CEO John Chambers, who will become the company’s executive chairman. On Monday, Cisco announced the

Cisco Systems Data Center Business Said On Track

Cisco Systems (CSCO) is positioned to capitalize on the data center market. So concludes Jeffrey Kvaal, an analyst for Nomura Equity Research, who initiated coverage on the computer networking giant on Wednesday with a neutral rating and a price target of 32. “We view Cisco as well positioned to become the data center winner given its vast customer base, broad vision, and crisp execution,” Kvaal wrote in a research note. “In the near term,

Two Cisco Executives To Depart Ahead Of CEO Shift

Cisco Systems (CSCO) is losing two longtime executives ahead of the company’s chief executive shift next month, and the network gear leader plans to have a more “simplified” management structure. Gary Moore, Cisco’s president and chief operating officer, and Rob Lloyd, president of development and sales, will be leaving the networking equipment giant on July 25, one day before Chuck Robbins takes over as chief executive. At that time, John