Cisco Systems, Inc. (CSCO) Teaming Up With Amazon on Cloud-Computing Solution

NASDAQ: CSCO | Cisco Systems, Inc. News, Ratings, and Charts

CSCO – A new hybrid-cloud solution will help provide consumers with additional peace of mind on sensitive data.

Cisco Systems, Inc. (NASDAQ:CSCO) and Amazon have announced a new partnership which will offer intriguing solutions to cloud-computing customers. 

Marketwatch has the details.

Cisco Systems Inc. is teaming up with Inc. to offer cloud-computing customers a hybrid-cloud solution that allows them to keep sensitive data and applications off remote servers.

Cisco CSCO, +3.01% and Amazon AMZN, +0.14% announced the partnership Thursday morning, which will combine Cisco’s software and potentially hardware with AWS cloud-computing power. The system will use Kubernetes, open-source containerization software that allows for applications and data to be grouped together and maintained on different sources.

David Goeckeler, Cisco’s networking and security chief, shared some thoughts on the tag-team effort in a call. ”I see most customers going with an integrated hardware/software system,” he said. “Most customers want it simple — gimme the hyperconverged server that has all the software bundled together … [for] a ready-made hybrid environment into Amazon.”

Cisco Systems, Inc. shares rose $0.07 (+0.15%) in premarket trading Thursday. Year-to-date, CSCO has gained 28.87%, versus a 6.68% rise in the benchmark S&P 500 index during the same period.

CSCO currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 57 stocks in the Technology – Communication/Networking category.

CSCO at a Glance

CSCO Current POWR Rating™
Overall POWR Rating™
CSCO Current Price $52.74 2.22%
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CSCO Price Reaction

The day of this event (Nov. 8, 2018)
CSCO Closing Price$48.07 1.13%
CSCO Volume21,164,614
11.82% from avg
Leading up to this event
CSCO 1-mo return0.80%
After this event
CSCO 1-day return1.68%
CSCO 3-day return6.16%
CSCO 5-day return2.42%

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