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SAN JOSE, Calif. - Cisco (NASDAQ: CSCO), a prominent player in the Communications Equipment industry with a market capitalization of $252.45 billion, has introduced Duo Identity and Access Management (IAM), a new security solution designed to address the increasing number of identity-based attacks, which accounted for 60% of Cisco Talos Incident Response cases in 2024. According to InvestingPro data, the company maintains a strong financial health score, positioning it well for continued innovation in the security sector. The company’s latest offering aims to provide a more secure, phishing-resistant approach to identity security without the need for costly hardware keys.
Duo IAM builds on Cisco’s multifactor authentication (MFA) technology, which is widely recognized for its reliability. The new solution includes a User Directory for managing user identities and access, as well as integration with third-party identity systems through the Identity Routing Engine. This enables Duo IAM to function as an identity broker or secondary identity provider.
The solution also features several advancements to combat phishing, including a passwordless authentication option, proximity verification using Bluetooth Low Energy (BLE), and session theft protection that removes reliance on browser cookies.
In addition to these features, Duo IAM is integrated with Cisco Identity Intelligence, connecting identity and access data across the Cisco Security Cloud platform. This integration provides organizations with visibility, threat detection, and the ability to respond to identity risks with measures such as quarantining identities or isolating networks. The company’s robust financial position, with annual revenue of $55.62 billion and a gross profit margin of 65.24%, supports its continued investment in security solutions. InvestingPro subscribers can access detailed analysis and 8 additional key insights about Cisco’s market position and growth potential through the comprehensive Pro Research Report.
Industry experts, including Todd Perrault from Optiv and Todd Thiemann from Enterprise Strategy Group, have praised Duo’s expanded suite of identity and access management solutions for its security-first approach and user-friendly design.
Cisco’s new IAM solution is part of the company’s ongoing commitment to Zero Trust security and its efforts to enhance digital resilience in the AI era. For more information about Duo and its new IAM solution, interested parties can visit duo.com. With Cisco’s stock trading near its 52-week high and showing strong momentum, investors seeking detailed analysis can access comprehensive financial metrics and expert insights through InvestingPro’s extensive coverage of over 1,400 US stocks.
This article is based on a press release statement.
In other recent news, Cisco Systems Inc. reported strong financial results, with revenue of $14.15 billion and earnings per share (EPS) of $0.96 for the April quarter, surpassing Wall Street expectations. Evercore ISI has increased its price target for Cisco to $72, citing the company’s robust performance and a positive outlook for the future. Citi also raised its price target to $71, maintaining a Buy rating due to Cisco’s growth in networking and data center switch orders, as well as a significant increase in cloud AI orders. UBS and Raymond James have both maintained Neutral and Market Perform ratings, respectively, with UBS highlighting Cisco’s achievement of over $600 million in AI orders during the quarter.
New Street Research downgraded Cisco to Neutral, adjusting the price target to $70 due to concerns about stalled gross margin expansion and a potential slowdown in revenue growth. Despite these concerns, the company has provided an optimistic forecast for the July quarter, expecting $14.6 billion in revenue and $0.97 in EPS. Cisco’s advancements in artificial intelligence, especially the early achievement of its $1 billion AI order target, have been a focal point across analyst reports. The company is also navigating tariff impacts and preparing for potential risks in the semiconductor industry, which could affect future sales. Additionally, Cisco announced a leadership change with the upcoming retirement of its CFO, appointing Mark Patterson, a long-time executive, as the successor.
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