Cisco rallies above $30, launches new product at Mobile World Congress
Cisco (NASDAQ:CSCO) stocks have risen 2.2% and in doing so rallied above $30 for the first time since 2007. Shares are up 12% since the networking company surpassed FQ2 estimates and reported 5% Y/Y product order growth on Febuary 11th.
Cisco has made several announcements at the Mobile World Congress, not unlike other companies involved in telecom equipment. One significant development is Cisco’s launch of the USC 8000 small cell 4G/Wi-Fi base station line for businesses and public spaces. The USC 8000 solution is the product of a strategic collaboration between Cisco and SpiderCloud Wireless, and is to be offered to Cisco’s channel partners and enterprise customers. The multinational agreement involves Cisco reselling SpiderCloud’s entire small cell portfolio under the USC 8000 Series brand. SpiderCloud will, additionally, custom develop small cell technology for Cisco. Vodafone plans to be the first service provider to make this mobile service available to its enterprise customers. The service includes both access points and controllers, and is intended to address growing carrier interest in the deployment of small cells in high-traffic locales.
In addition to the launch of its USC 8000 base station line, Cisco has also announced the launch of Mobility IQ, a SaaS/cloud-based analytics software solution for mobile carriers that the company says contains network monitoring, advertising, and service management tools. Mobility IQ is hosted on Cisco Cloud Services, and the company says the product allows advanced insights and a bird’s-eye view across Wi-Fi, 3G and LTE network activity, all in real time. Cicso says that with Mobility IQ, service providers will be able to identify and capitalize on fresh opportunities and provide new and enhanced experiences to their customers with a flexible consumption model. IBM has also expressed an interest in this space.
Cisoc also announced that it has cut a deal with AT&T through which the company will make use of Cisco’s products to deliver connected car services.