To help enterprise professionals develop the key skills needed as a result of the Internet of Everything (IoE), Cisco Systems, Inc. (NASDAQ:CSCO) announced new IoT and Cloud-focused career certifications. Available globally, the new Cisco® Certified Network Associate (CCNA) and Cisco Certified Network Professional (CCNP) certifications expand Learning@Cisco’s industry leading portfolio, helping customers develop the critical skill sets needed for these technologies.
The IoE brings together people, process, data, and things to make networked connections more relevant and valuable than ever before. With it, many industries are becoming digitized and connected in ways previously impossible, creating new capabilities, richer experiences and unprecedented economic opportunity for businesses, individuals and beyond. As IT organizations adapt to address these new opportunities, IT and networking professionals will require new knowledge, training and skills essential to be successful in evolving job roles.
The new Learning@Cisco curricula focuses on the ability to connect the unconnected, automate and orchestrate services, and provide the infrastructure to enable real-time data analytics in a pervasive manner. With the growing demand for these skills, the new Cisco IoT and Cloud certifications will prove invaluable in the development of tomorrow’s workforce, helping individuals and their employers deliver business outcomes that equate to customer success.
- Manufacturing is undergoing a transformation as the IoE impacts the market. Operational and informational technologies are converging into a united industrial infrastructure. While these technologies are evolving at a rapid pace, there is a growing skills gap, creating a need for individuals equipped to manage and operate the manufacturing facilities of the future.
- As organizations recognize the value of converging industrial networks with IT infrastructure, demand for skilled professionals who understand interactions among IT, networking and traditional control systems is on the rise.
- World Bank Studies estimate that 200,000 new engineers are required every year from 2014 to 2022 to connect the unconnected.1
- The new IoT-focused CCNA Industrial certification is a lab-based training and certification offering that is part of the CCNA Industrial Education curriculum. The curriculum is targeted at Plant Administrators, Control Engineers and IT/Network engineers working in manufacturing. The training and certification offerings equip individuals with the knowledge and skills necessary to build, manage and operate converged industrial networks.
- The new Cloud certification program will help enable professionals to build private and hybrid cloud-based Infrastructure-as-a-Service (IaaS) solutions, allowing IT to enable and control Enterprise-wide cloud deployments in a consistent, centralized manner.
- The CCNA Cloud certification prepares individuals to deliver entry-level provisioning and support of Cisco Cloud and Intercloud solutions.
- The CCNP Cloud certification is designed to give candidates the skills to explain cloud concepts, as well as design, deploy, and maintain Cisco Cloud and Intercloud solutions in complex environments. (Original Source)
Shares of Cisco closed yesterday at $28.95 . CSCO has a 1-year high of $30.31 and a 1-year low of $22.49. The stock’s 50-day moving average is $28.80 and its 200-day moving average is $27.83.
On the ratings front, Cisco has been the subject of a number of recent research reports. In a report issued on May 19, Deutsche Bank analyst Brian Modoff maintained a Buy rating on CSCO, with a price target of $33, which represents a potential upside of 14.0% from where the stock is currently trading. Separately, on May 14, Jefferies Co.’s George Notter reiterated a Hold rating on the stock and has a price target of $29.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Modoff and George Notter have a total average return of 13.5% and 18.7% respectively. Modoff has a success rate of 61.0% and is ranked #338 out of 3607 analysts, while Notter has a success rate of 58.5% and is ranked #401.
In total, 3 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $32.75 which is 13.1% above where the stock closed yesterday.