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,
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
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
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.
Cisco has alerted customers using its IOS and ISO XE networking gear software to apply updates for 34 flaws across 25 high-severity security advisories.
The large number of flaws affecting ISO and ISO XE are due to the advisories being announced as part of Cisco’s semi-annual release for the widely used software for Cisco routers and network switches, which happens in April and September.
Cisco’s IOS stands for Internetworking Operating System and is based on Linux.
There are two advisories with a severity score of 8.8, the highest of this release’s 25 high-severity advisories. One, tracked as CVE-2020-3400, is an authorization bypass vulnerability in the Cisco IOS XE software web user interface (UI) that may allow a remote attacker with valid credentials to use part of the UI. It’s due to insufficient authorization of web UI access requests and could allow a user with read-only rights to perform actions with
Florida, the third most populous US state, is known mainly for its tourism and agriculture industries. But the Sunshine State has also become increasingly attractive to tech companies looking to expand their operations.
Tech giants, including IBM, Oracle and ServiceNow, have been hiring employees from overseas for their operations in Florida, where the cost of living is known to be more affordable compared to other major tech hubs in California and New York.
For example, Cisco hired a technical solutions architect with a salary of $198,000 to $254,000, while IBM hired a senior application developer with a salary of $79,000 to $120,000.
Here’s a survey of what IBM, Cisco, Oracle, IBM and ServiceNow pay new hires in Florida, based on disclosure data for permanent and temporary workers filed with the US Office of Foreign Labor Certification in 2020.
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