The San Jose, CA-based company designs, manufactures, and sells IP-based networking products and services worldwide.
"We look forward to furthering our digitization efforts, contributing to talent development and GDP growth opportunities in China," Cisco CEO John Chambers said.
Cisco signed a memorandum of understanding with China's National Development and Reform Commission (NDRC) to expand investment, particularly focusing on equity investment, R&D and job creation, in order to promote the development of a high tech industry in China.
Additionally, the company signed with the Association of Universities of Applied Sciences to advance the training of information and communications technology talent, Cisco said.
Separately, TheStreet Ratings team rates CISCO SYSTEMS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: