Cisco Systems, Inc. (CSCO): Staying Ahead

More than eight in ten companies are currently using some form of cloud technology, according to a study by CompTIA. The study also found that more than half of the businesses participating in the study planned to increase their investment in cloud technology by at least 10% within a year. Cisco, International Business Machines Corp. (NYSE:IBM), and Juniper Networks all provide cloud services to businesses, offering attractive service suites to businesses of all sizes.

Staying ahead

As the war for business dollars wages on, all three of these companies will have to stay on top of technology to win customers over. As always, customers will choose the company they use based on reputation, price, and available offerings. All three companies are deploying technologies designed to compete in the shifting marketplace. With Cisco Systems, Inc. (NASDAQ:CSCO)’s willingness to adapt and its prevalence in earnings, investors may have more confidence in that tech company than its competition.

The article Cisco’s Success Goes to the Clouds originally appeared on Fool.com and is written by Stephanie Faris.

Stephanie Faris has no position in any stocks mentioned. The Motley Fool recommends Cisco Systems. The Motley Fool owns shares of International Business Machines. Stephanie is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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