Cisco 8-K: Operations Results & Exit Costs Reported
Ticker: CSCO · Form: 8-K · Filed: Feb 14, 2024 · CIK: 858877
| Field | Detail |
|---|---|
| Company | Cisco Systems, INC. (CSCO) |
| Form Type | 8-K |
| Filed Date | Feb 14, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001, $800 million, $500 million, $150 million |
| Sentiment | mixed |
Sentiment: mixed
Topics: earnings, restructuring, financial-condition, 8-K
Related Tickers: CSCO
TL;DR
**Cisco just dropped an 8-K on Feb 14, 2024, detailing earnings and costs from potential restructuring.**
AI Summary
Cisco Systems, Inc. filed an 8-K on February 14, 2024, reporting on its results of operations and financial condition. The filing also includes information regarding costs associated with exit or disposal activities, indicating potential restructuring efforts. This current report provides updates on the company's financial performance and any related significant operational changes.
Why It Matters
This filing provides investors with crucial insights into Cisco's recent financial performance and any strategic decisions involving significant operational changes or restructuring, which can impact future profitability and stock value.
Risk Assessment
Risk Level: medium — The mention of "Cost Associated with Exit or Disposal Activities" suggests potential restructuring or layoffs, which can introduce uncertainty and short-term costs, even if intended for long-term benefit.
Key Players & Entities
- CISCO SYSTEMS, INC. (company) — registrant
- February 14, 2024 (date) — date of report
- Delaware (location) — state of incorporation
- San Jose (location) — principal executive offices city
FAQ
What is the purpose of this 8-K filing by Cisco Systems, Inc.?
This 8-K reports on the company's results of operations and financial condition, as well as costs associated with exit or disposal activities, and includes financial statements and exhibits, as per the ITEM INFORMATION sections.
When was the earliest event reported in this 8-K?
The earliest event reported in this 8-K occurred on February 14, 2024.
What is the full legal name of the company filing this 8-K?
The exact name of the registrant as specified in its charter is CISCO SYSTEMS, INC.
In which state is Cisco Systems, Inc. incorporated?
Cisco Systems, Inc. is incorporated in Delaware.
What is the Commission File Number for Cisco Systems, Inc.?
The Commission File Number for Cisco Systems, Inc. is 001-39940.
Filing Stats: 1,952 words · 8 min read · ~7 pages · Grade level 14 · Accepted 2024-02-14 16:11:04
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Mar
- $800 million — GAAP financial results of approximately $800 million consisting of severance and other one-t
- $500 million — fiscal 2024 and recognize approximately $500 million of these charges. Cisco expects approxi
- $150 million — se charges. Cisco expects approximately $150 million of these charges to be recognized in th
Filing Documents
- d719981d8k.htm (8-K) — 39KB
- d719981dex991.htm (EX-99.1) — 388KB
- g719981g0213174034197.jpg (GRAPHIC) — 3KB
- 0001193125-24-036201.txt ( ) — 580KB
- csco-20240214.xsd (EX-101.SCH) — 3KB
- csco-20240214_lab.xml (EX-101.LAB) — 17KB
- csco-20240214_pre.xml (EX-101.PRE) — 11KB
- d719981d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Document 99.1 Press Release of Cisco, dated February 14, 2024, reporting the results of operations for Cisco's fiscal second quarter 2024 ended January 27, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CISCO SYSTEMS, INC. Dated: February 14, 2024 By: /s/ R. Scott Herren Name: R. Scott Herren Title: Executive Vice President and Chief Financial Officer