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Based in Palo Alto, California, Tidal was started by technology bankers David Handler and David Neequaye. Their firm, which employs just two dozen people according to its website, was the sole financial adviser to Cisco, while larger investment banking peers Qatalyst Partners and Morgan Stanley (MS.N) advised Splunk. Tidal's win comes as more technology bankers decide to launch their own firm amid an overall slowdown in dealmaking in the sector. Three former Qatalyst Partners bankers launched a new technology-focused investment banking boutique called AXOM Partners earlier this week, Reuters reported. The group went on to advise other major technology companies including Cisco, Qualcomm Inc (QCOM.O) and Twilio Inc (TWLO.N).

Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, MS.N, Splunk, David, Handler, we've, Chuck Robbins, Tidal's, Neequaye, Centerview, Milana Vinn, Anirban Sen Organizations: Centerview Partners, Cisco Systems Inc, Splunk Inc, Cisco, Qatalyst Partners, AXOM Partners, Reuters, Qualcomm Inc, Twilio Inc, UBS Group AG, Thomson Locations: Palo Alto , California, New York

☆ Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billion
▼ + stars: | 2023-09-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday. The acquisition is one of Cisco's largest, and continues an acquisition streak which has built out the company's cybersecurity offerings. Splunk is a cybersecurity company that helps enterprises monitor and analyze their data to minimize the risk of hacks and resolve technical issues faster. If Cisco backs out of the deal or is forced to do so because of regulatory intervention, it will pay Splunk a termination fee of $1.48 billion, according to a regulatory filing. If Splunk backs out of the deal for any reason, it will pay a $1 billion breakup fee to Cisco.

Persons: Jakub Porzycki, Chuck Robbins, Robbins, Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk Organizations: Getty Images, Cisco, Tidal Partners, Qatalyst Partners Locations: Krakow, Poland, Slate

☆ Watch CNBC's full interview with Cisco CEO Chuck Robbins and Splunk CEO Gary Steele
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cisco CEO Chuck Robbins and Splunk CEO Gary SteeleCisco chairman and CEO Chuck Robbins and Splunk CEO Gary Steele join 'Squawk on the Street' to discuss Cisco's acquisition of cybersecurity software company Splunk for $157 a share in a cash deal worth $28 billion, why Splunk decided to sell the company, the growth opportunity ahead, and more.

Persons: Chuck Robbins, Gary Steele Cisco, Gary Steele, Splunk Organizations: Cisco

☆ Cisco CEO Chuck Robbins on Splunk acquisition: Deal will add $4 billion in annual recurring revenue
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO Chuck Robbins on Splunk acquisition: Deal will add $4 billion in annual recurring revenueCisco chairman and CEO Chuck Robbins and Splunk CEO Gary Steele join 'Squawk on the Street' to discuss Cisco's acquisition of cybersecurity software company Splunk for $157 a share in a cash deal worth $28 billion, why Splunk decided to sell the company, the growth opportunity ahead, and more.

Persons: Chuck Robbins, Gary Steele, Splunk Organizations: Cisco

☆ Cisco working with M&A firm Tidal to acquire cybersecurity firm Splunk in $28 billion deal
▼ + stars: | 2023-09-21 | by ( ) edition.cnn.com time to read: +1 min

A new mergers and acquisitions advisory firm launched last year by former Centerview Partners dealmakers has scored a big win by advising Cisco Systems on its $28 billion acquisition of cybersecurity firm Splunk. Based in Palo Alto, California, Tidal Partners was started by technology bankers David Handler and David Neequaye. “We’ve known David (Handler) and his partner David (Neequaye) for a very long time. Handler and Neequaye helped launch Centerview’s technology advisory group in 2008. The group went on to advise other major technology companies, including Cisco, Qualcomm Inc and Twilio.

Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, Splunk, Handler, “, David, we’ve, Chuck Robbins, Tidal’s, Neequaye, Bloom, Centerview Organizations: Centerview Partners, Cisco Systems, Tidal Partners, Cisco, Qatalyst Partners, NDS Group, AXOM Partners, Reuters, Qualcomm Inc, G2K, UBS Group Locations: Palo Alto , California, Centerview

☆ Cisco CEO says AI is already becoming a huge new market after it 'missed' the initial cloud computing boom
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cisco CEO surprised analysts by mentioning it had already sold half a billion dollars of AI gear. Cisco is trying to woo cloud companies away from offerings by Nvidia. "To date, we have taken orders for over half a billion dollars for AI Ethernet fabrics. But Robbins says this new AI cloud market will be triple or more the size of the original and, this time, he plans to make sure Cisco gets its share. And, you know, unfortunately for us, as it's been well documented, we missed the original cloud build out," Robbins said.

Persons: it's, Chuck Robbins, That's, Infiniband, Robbins, Morgan Stanley, Meta Marshall, Julie Bort Organizations: Cisco, Nvidia, Morning, Mellanox Technologies, AMD, Arista, Broadcom, HPE, Intel, Meta, Microsoft, Google, Facebook, Arista Networks, Twitter

☆ Cisco CEO Chuck Robbins on outlook: We are well-positioned for the next A.I. phase
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO Chuck Robbins on outlook: We are well-positioned for the next A.I. phaseCisco CEO Chuck Robbins joins 'Squawk on the Street' to discuss the company's quarterly earnings results, full-year forecast, and more.

Persons: Chuck Robbins Organizations: Cisco

☆ Jim Cramer's top 10 things to watch in the stock Thursday
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Dow stock Walmart (WMT) delivers a big quarterly beat. We increased our Club price target to $100 per share from $88 . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Chuck Robbins, Mark Cuban's CostPlus, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Investment, Walmart, Walmart U.S, Target, Wall Street, TJX Companies, Marshalls, Cisco, Disney, ESPN, Apple, Amazon Pharmacy, Bank of America, Adobe, Jim Cramer's Charitable, CNBC Locations: HomeGoods, TJX's, California

☆ Cisco touts market share wins, AI potential as revenue forecast disappoints
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

The logo of U.S. networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. REUTES/Sarah Meyssonnier/file Acquire Licensing RightsAug 16 (Reuters) - Networking equipment maker Cisco Systems' (CSCO.O) CEO talked up market share wins and artificial intelligence (AI) opportunities, as he moved to allay fears over slowing growth after a disappointing annual revenue forecast. Cisco forecast full-year revenue to be between $57 billion and $58.20 billion, below the Refinitiv estimate of $58.38 billion. He also said the company was likely to be a leading supplier of the networking gear needed for AI workloads. Cisco expects adjusted earnings per share of $4.01 to $4.08 for the full year, compared with the estimate of $4.04.

Persons: REUTES, Sarah Meyssonnier, Chuck Robbins, Zaheer Kachwala, Shilpi Majumdar Organizations: Cisco Systems, Cisco, Microsoft, AT, Thomson Locations: Issy, Paris, France, Bengaluru

☆ Cisco CEO on networking cloud launch, new A.I. capabilities and cybersecurity
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO on networking cloud launch, new A.I. capabilities and cybersecurityCNBC's Frank Holland sits with Cisco CEO Chuck Robbins to discuss the company's AI push and launch of networking cloud.

Persons: CNBC's Frank Holland, Chuck Robbins Organizations: Cisco

☆ Cisco's orders hit by sluggish demand, shares fall
▼ + stars: | 2023-05-17 | by ( Richardrohan Francis | ) www.reuters.com time to read: +1 min

May 17 (Reuters) - Cisco Systems Inc (CSCO.O) said on Wednesday a large backlog of products due to supply chain constraints has hit demand for new orders from customers, sending the company's shares down 4% in extended trading. Cisco's product orders fell 23% in the third quarter, even as the maker of routers, security services and software products reported a quarterly profit that beat estimates, helped by its aggressive steps to resolve supply chain bottlenecks. But the backlog, combined with "macroeconomic conditions", hit demand for new products, company executives said on a post-earnings conference call. "Increase in product shipments is often leading customers and partners to absorb these shipments prior to placing new orders," Cisco CEO Chuck Robbins said. Cisco also forecast full-year revenue to rise between 10.0% and 10.5% and now expects annual adjusted earnings per share between $3.80 and $3.82.

☆ Cisco CEO Chuck Robbins sits down with Jim Cramer to discuss quarterly results
▼ + stars: | 2023-05-17 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cisco CEO Chuck Robbins sits down with Jim Cramer to discuss quarterly resultsCisco Chair and CEO Chuck Robbins sits down with 'Mad Money' host Jim Cramer to discuss quarterly results and the companies path going forward.

☆ Cisco to begin manufacturing from India in diversification move
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 10 (Reuters) - Cisco Systems (CSCO.O) will begin manufacturing from India in a move to diversify its global supply chain, Chief Executive Officer Chuck Robbins said on Wednesday, setting a target of $1 billion in domestic production and exports over next few years. Cisco, which sells a range of networking equipment and software to connect devices to the internet, did not reveal the investment size, but said it will support the growing demand from customers in India and expand supply chain capabilities. Modi's government has been working towards establishing India as a global electronics hub, courting suppliers and device assemblers to set up base in the country. "India is of strategic importance for Cisco, and we continue to bet on India. Today's announcement marks a significant milestone to power the next phase of growth for Cisco," country head Daisy Chittilapilly said in a statement.

☆ Mercedes partnership just the beginning for Cisco's 'internet of things' growth, CEO says
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes partnership just the beginning for Cisco's 'internet of things' growth, CEO saysChuck Robbins, chair and CEO at Cisco, speaks to CNBC's Karen Tso at Mobile World Congress in Barcelona, Spain.

☆ Cisco’s Catch-Up Is Worth Catching
▼ + stars: | 2023-02-16 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Chuck Robbins is chief executive of Cisco Systems, which projected a jump in revenue growth for the third quarter. Cisco Systems delivered strong results Wednesday for its second quarter ended Jan. 28. Revenue rose nearly 7% year over year to $13.6 billion, while adjusted operating income hit $4.4 billion. But Cisco also projected a jump in revenue growth for the third quarter, while also boosting its forecast for the full fiscal year ending in July. The company now expects full-year growth between 9% and 10.5%, compared with the 4.5%-6.5% range it was projecting just three months ago.

☆ Cisco CEO Chuck Robbins: We are now at a point where 44% of our revenue is recurring
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO Chuck Robbins: We are now at a point where 44% of our revenue is recurringCisco CEO Chuck Robbins joins 'Squawk on the Street' to discuss the company's backlog reserves, stable order growth, and their latest revenue and earnings beat.

☆ Cisco's CEO defends the Club holding’s future growth prospects. Investors want more proof
▼ + stars: | 2023-02-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

"The whole notion that we're actually just draining backlog, our backlog was created by significant customer demand. Cisco's backlog remains higher than where it stood at the same time last year and well above historical norms for both software and hardware, management said on Wednesday evening's conference call. Club take Cisco's fiscal second-quarter results were strong and its full-year guidance stronger. Right now, we don't have a great sense of what Cisco's growth will look like next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Cisco forecast raise allays tech spending fears, lifts shares
▼ + stars: | 2023-02-15 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the face of an economic slowdown. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. Its second-quarter adjusted earnings of 88 cents per share and revenue of $13.59 billion were both higher than market estimates pooled by Refinitiv. "This is very strong growth and shows that the company may finally be exiting a difficult period related to supply-chain challenges," said Scott Raynovich, chief analyst at Futuriom.

☆ Cisco shares jump after networking company beats estimates, boosts full-year guidance
▼ + stars: | 2023-02-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: 88 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv. 88 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv. Revenue: $13.59 billion, vs. $13.43 billion as expected by analysts, according to Refinitiv. The company called for fiscal third-quarter adjusted earnings of 96 cents to 98 cents per share and 11% to 13% revenue growth. Cisco lifted its guidance for the 2023 fiscal year, and now expects $3.73 to $3.78 in adjusted earnings per share and 9% to 10.5% revenue growth.

☆ Jefferies says disinflation will be the big driver of 2023 — 20 stocks to play the trend
▼ + stars: | 2023-01-20 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Disinflation — not inflation — will be a key driving force in the economy this year, according to Jefferies. Therefore, investors can find winners this year by looking at the stocks with a positive correlation to inflation cooling down. Jefferies looked at changes in inflation expectations and which equities had the highest correlation to those changes. So Jefferies reasons that these stocks will have the most to gain this year as disinflation takes over. Jefferies gave clients a list of names it believes are quality stocks trading at reasonable prices.

☆ We welcome Cisco CEO's upbeat view on the economy, but remain cautious on future order growth
▼ + stars: | 2023-01-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

But it's still unclear whether new order growth will slow down the line, once those previously booked orders are fulfilled. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.

☆ Cisco CEO: Most people are generally very optimistic about recession over the near and long term
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO: Most people are generally very optimistic about recession over the near and long termCisco CEO Chuck Robbins joins 'Squawk Box' to discuss China's reopening, how he feels about additional investment in China and more.

☆ The 25 big companies with the best CEOs
▼ + stars: | 2022-12-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

1 on Comparably's 2022 list of the top CEOs from big companies. 1 on Comparably's Best Company Culture list that was published on Monday. The CEOs of ADP, Nextdoor, and Google also made this year's top 10 CEOs. Several CEOs of companies in tech made the top of the list. The following are the CEOs that made the top of the large company list this year.

☆ Cisco raises full-year outlook; announces restructuring
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of U.S. networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. REUTERS/Sarah Meyssonnier/File PhotoNov 16 (Reuters) - Cisco Systems Inc (CSCO.O) raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring, which could impact roughly 5% of its workforce. The company said the restructuring plan will begin in the second quarter of fiscal year 2023. The company will talk to its employees on Thursday about the restructuring plan, Chief Executive Chuck Robbins said in a post-earnings call. Cisco said it expects an annual revenue growth of 4.5% to 6.5%, and adjusted earnings between $3.51 and $3.58.

☆ What slowdown? Fresh off earnings beat, Cisco CEO sees a lot of opportunity right now
▼ + stars: | 2022-11-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

And I think that they're going to continue to spend as much as they can," Robbins told Jim Cramer in an interview. Shares of Cisco rose about 4% in extended trading Robbins emphasized that the trajectory of tech development also plays in favor of Cisco's top line. "And then you look at 43% of our business coming from recurring [customers]," Robbins said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Chuck Robbins, CEO of Cisco, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.

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