Cisco Systems (NYSE: CSCO) investors saw their stock increase 4.19 percent Friday after several reports of profitable deals in the works.
Among the announcements Cisco made this week:
- The company has a new cloud platform for Linksys Smart Wi-Fi routers; and
- Cisco signed a deal with AvtoVAZ, a Russian automobile company for technological help.
The routers "redefine and dramatically simplify how consumers connect, control and interact with their connected devices, including personal entertainment and home appliances," according to the company.
"There are six new developer apps," the company continued, "including an app that lets people search and 'beam' online videos to a Smart TV or AirPlay® compatible device; an app that helps install home monitoring cameras and enables monitoring at home and on the go; and apps that give parents easy ways to keep their children safe online, even when mom and dad are not at home."
The router software features SimpleTap.
"When installing new devices such as Smart TVs, printers or tablets, anyone can now use the Cisco Connect Cloud mobile app on their smartphone to get their compatible device connected in a matter of seconds," Cisco said.
The technology system for the auto company is designed to "help optimize internal and external communications between AvtoVAZ employees and its business partners in Russia and abroad," the company said.
"The audio and video formats make it possible for the enterprise to raise efficiency of business processes, cut traveling expenses and save time of employees," the company said. "In the process of video conferences, all participants actively share various materials with remote counterparts."
The stock closed Friday at $17.17 per share. Over the past year, the stock has ranged from $13.30-$21.30 per share.
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