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Cisco slightly beats Q3 expectations

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Cisco: DNS attacks will undermine trust in the internet
Sophisticated hacking group taps wide set of vulnerabilities as part of their global hacking spree.

Cisco published its third quarter financial report on Wednesday, slightly beatig market expectations.

The company posted a non-GAAP earnings of 78 cents per share on revenue of $13 billion, a 6 percent year-over-year increase.

Analysts were expecting earnings of 77 cents per share on revenue of $12.89 billion.

Product revenue was up 7 percent to $9.72 billion, and service revenue was up 3 percent to $3.24 billion. Product revenue includes sales from infrastructure platforms, which grew 5 percent to $7.55 billion for the quarter. Sales of security products grew 21 percent to $707 million, and sales of applications grew 9 percent to $1.43 billion.

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By geographic segments, revenue in the Americas grew by 9 percent, in EMEA by 5 percent, and in APJC revenue was down 4 percent.

“Our strong performance in the quarter was across the business, reflecting our customers’ confidence in our strategy, business model and market-leading portfolio,” CEO Chuck Robbins said in a statement. “Technology is at the heart of our customers’ strategies and we are building the technology to help them achieve their business objectives.”

In Q3, Cisco closed the acquisitions of Luxtera, a privately held semiconductor company, and Singularity Networks, a privately held network infrastructure analytics company.

For the fourth quarter, the company is predicting non-GAAP earnings between 80 cents and 82 cents with year-over-year revenue growth between 4.5 percent and 6.5 percent. 

Within Infrastructure platforms, Robbins noted on a Wednesday conference call that Cisco has been integrating intent-based networking across its enterprise access portfolio “to help our customers manage more users, devices and things connecting to their networks.”

The company recently announced several new platforms expanding its Enterprise Networking portfolio with the launch of our subscription-based WiFi 6 access points and Catalyst 9600 Campus core switches, purpose-built for cloud scale networking.

“By combining our automation and analytics software with our broad portfolio of switches, access points and controllers, we are creating a seamless, end-to-end, wireless-first architecture for our customers,” Robbins said.

In an email to ZDNet, analyst Patrick Moorhead noted that Cisco doesn’t break out its 9K switch sales. However, he said, “I believe the company is seeing success here.” Cisco’s strong quarter and solid outlook is “a testament to the company’s refocus on security, software while at the same time succeeding with its core switching business,” Moorhead said. 

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NASA’s InSight Lander Will Keep Hunting For Marsqakes As It Runs Out Of Power

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InSight’s seismometer is being prioritized because that is the lander’s primary instrument for studying marsquakes. Like Earth, Mars is periodically shaken by quakes, but unlike Earth, these aren’t caused by tectonic plates. There are competing theories about whether these quakes are caused by fractures in the crust caused by the planet cooling or by volcanic activity beneath the surface (via phys.org). InSight has detected more than 1,300 marsquakes in its mission to date since it landed in 2018. Its primary mission was to study the marsquakes for two years, and this was extended so the lander could keep collecting data as long as possible.

By studying marsquakes, researchers can learn about the interior structure of Mars. They can see how the quakes pass through the interior of the planet, and from this they can deduce how solid or liquid the different layers are. Thanks to InSight, we know that Mars has a core 1,137 miles in radius, which is molten (unlike the core of Earth, which is solid) and surrounded by a mantle stretching 969 miles below the surface, as well as a crust that is surprisingly thin and may have two or three sublayers (via JPL).

This information isn’t only teaching us about Mars, but it also gives us an idea of what other rocky exoplanets might be like. “InSight has transformed our understanding of the interiors of rocky planets and set the stage for future missions,” said Lori Glaze, the director of the Planetary Science Division at NASA. “We can apply what we’ve learned about Mars’ inner structure to Earth, the Moon, Venus, and even rocky planets in other solar systems.”

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The New 2023 BMW 3 Series Avoids A Huge Grille Mistake

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The base 2023 BMW 330i and 330e PHEV get a moonroof, power front seats, open-pore wood oak interior trim, a sport steering wheel, interior ambient lighting, and sport seats. Also standard is BMW’s curved display comprising a 12.3-inch digital instrument cluster and a 14.9-inch center touchscreen powered by the latest-gen iDrive 8 OS. The system includes cloud-based BMW Maps with connected parking, a BMW Intelligent Personal Assistant (that replies to touch and speech commands), 5G connectivity, and Apple CarPlay/Android Auto with Sirius XM.

Meanwhile, the M340i has M sport brakes with blue calipers, variable sport steering, an M sport differential, M sport suspension, and an aero body kit with a rear spoiler. Optional features include the Driving Assistance Package (lane departure warning, active blind-spot detection, park distance control, and more), the Dynamic Handling Package, and the Premium Package (heated steering wheel, lumbar support, heated seats, etcetera). BMW will announce pricing for its 2023 3 Series nearer its official July 2022 launch date, but we expect base prices to start at $42,000 for the 330i and about $55,000 for the M340i. The first deliveries will arrive later this year.

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FDA Authorizes Pfizer Booster For Children 5 And Older

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In order to test the efficacy of the single Pfizer-BioNTech COVID-19 vaccine booster dose for children between 5 and 11 years of age, the agency monitored 400 children who received it anywhere between five to nine months after the primary series of dosages that involved two jabs. Coming to the side effects part of the booster shot, the U.S. FDA lists fatigue, headache, chills, fever, muscle or joint pain, pain, swelling, and redness at the injection site.

Talking about the decision, FDA Commissioner Robert M. Califf noted more kids have fallen ill and been hospitalized in the Omicron wave, complete with the risk of long-term effects on body systems even after a mild illness. With an official nod for the administration of a single booster dose of the Pfizer-BioNTech COVID-19 vaccine to children as young as 5 years of age, the agency aims to provide a stronger line of defense against COVID-19.

Pfizer, on the other hand, estimates that more than 8 million children in the age group of 5 to 11 years have completed the primary series of COVID-19 vaccination and are eligible for a booster shot. Citing data from a clinical trial, the company claims that the booster dose of the Pfizer-BioNTech COVID-19 vaccine can produce antibodies that are capable of neutralizing both the Omicron variant as well as the wild-type COVID-19 virus.

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