Cisco Systems, Inc. (NASDAQ:CSCO) Establishes Software Agreements With Data Management Partners

Cisco Systems, Inc. (NASDAQ:CSCO) has announced it is expanding its big data portfolio by establishing resale agreements with its data management partners. With data usage exploding due to smartphones, sensors, cameras and a variety of other connected devices, the company is looking to turn them into business strategies for its data deluged customers. To provide a solution, they have signed reseller agreements with Cloudera, Hortonworks® and MapR for their Apache™ Hadoop® Data Management capabilities and technologies.

Do analyst foresee a double-top for CSCO?

Big Data

Data and analytics markets will be capitalized on through the partnerships and provide innovative solutions for the handling of the massive amounts of data transferred daily. The deals bring data integration and management software and combine it with the company’s industry leading hardware to offer complete solutions for its clients. The portfolio of offerings features a simplified computing provision for Hadoop. This offers a single touch deployment and management tool for all three resellers. This provides centralized management and visibility. It is part of a streamlined consumption model that allows for efficient extracting of data analytics and the increased scaling of the Hadoop cluster. This creates a cost effective processing environment for their clients and allows the management of huge amounts of data.

Managing Big Data

The softwareagreement includes marketing, sales and training on a global scale by Cisco’s sales and support teams. The product is available immediately on the Cisco Global Price List. As mobile and web traffic accelerates the need for solutions to handling large amounts of data effectively and efficiently become critical for companies. This deal creates a one-stop solution as it combines some of the most innovative software available with Cisco’s trusted hardware technologies. Data mining, extraction and organization becomes simple and by offering a single package solution, Cisco Systems, Inc. (NASDAQ:CSCO) should see advantages to their revenue generating efforts.

Technicals

The stock lost some momentum the last session but held its current level well. There is strong support at around $28.50 so a significant drop would be unexpected. The recent slowing of momentum is probably the result of some profit taking and the stock is just consolidating here.

Cook Laurie

Cook Laurie

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.