Cisco Systems, Inc. is a leading provider of networking equipment and software. The company has a strong market position and a diversified product portfolio. Cisco Systems, Inc. is well-positioned to benefit from the continued growth of the internet and the rise of cloud computing. The company is cash-rich with a strong balance sheet, low debt levels, free cash flows of $12.74 billion, and a debt-to-equity ratio of 0.23.
On October 12, Cisco Systems, Inc. announced a strategic collaboration with Microsoft Corporation to offer Microsoft Teams compatibility for Cisco Room and Desk devices starting from the first half of 2023.