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CISCO SYSTEMS

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Cisco : Gets $724 Million Contract to Provide Tech Support to U.S. Defense Dept

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06/17/2019 | 05:08pm EDT

By Stephen Nakrosis

The Pentagon said Monday Cisco Systems Inc. (CSCO) was awarded a $724 million contract to provide technical support for the U.S. Department of Defense through its Cisco Smart Net Total Care Service.

The contract has a one-year base period and a one-year option, the Pentagon said. The initial year runs from June 18, 2019 through June 17, 2020, with the option year ending June 17, 2021.

The contract calls for Cisco to provide services across the Department of Defense, the Pentagon said. The Defense Information Technology Contracting Organization, Scott Air Force Base, Illinois, is the contracting activity.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CISCO SYSTEMS -0.66% 57.36 Delayed Quote.33.26%
ONE STOP SYSTEMS INC -1.21% 1.63 Delayed Quote.-15.98%
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Financials (USD)
Sales 2019 51 893 M
EBIT 2019 16 609 M
Net income 2019 12 630 M
Finance 2019 10 269 M
Yield 2019 2,38%
P/E ratio 2019 20,1x
P/E ratio 2020 18,6x
EV / Sales2019 4,53x
EV / Sales2020 4,30x
Capitalization 246 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 58,76  $
Last Close Price 57,36  $
Spread / Highest target 13,3%
Spread / Average Target 2,44%
Spread / Lowest Target -12,8%
EPS Revisions
Managers
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Senior Vice President-Operations & Digital
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
Roderick C. McGeary Independent Director
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