Cisco 8-K: Operations Results & Exit Costs Reported

Ticker: CSCO · Form: 8-K · Filed: 2024-02-14T00:00:00.000Z

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

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.

From the Filing

0001193125-24-036201.txt : 20240214 0001193125-24-036201.hdr.sgml : 20240214 20240214161104 ACCESSION NUMBER: 0001193125-24-036201 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240214 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CISCO SYSTEMS, INC. CENTRAL INDEX KEY: 0000858877 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770059951 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39940 FILM NUMBER: 24638176 BUSINESS ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 BUSINESS PHONE: 4085264000 MAIL ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 FORMER COMPANY: FORMER CONFORMED NAME: CISCO SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 d719981d8k.htm 8-K 8-K false 0000858877 0000858877 2024-02-14 2024-02-14     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 14, 2024     CISCO SYSTEMS, INC. (Exact name of registrant as specified in its charter)       Delaware   001-39940   77-0059951 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   170 West Tasman Drive , San Jose , California   95134-1706 (Address of principal executive offices)   (Zip Code) (408) 526-4000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.001 per share   CSCO   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 2.02. Results of Operations and Financial Condition. On February 14, 2024, Cisco Systems, Inc. (“Cisco”) reported its results of operations for its fiscal second quarter 2024 ended January 27, 2024. A copy of the press release issued by Cisco concerning the foregoing results is furnished herewith as Exhibit 99.1. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of Cisco, whether made

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