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Will Cisco’s Security Revenue Continue to Rise in Fiscal 2Q18?

Adam Rogers
Updated
Will Cisco’s Security Revenue Continue to Rise in Fiscal 2Q18?

Cisco Systems (CSCO) is considered a market leader in the worldwide security appliance market with a 16% share. The other top players are Palo Alto Networks (PANW), Check Point Software Technologies (CHKP), Fortinet (FTNT), and Symantec (SYMC) with shares of 14%, 12.6%, 10.6%, and 4.6%, respectively. Cisco’s Security business generated revenue of $2.2 billion in fiscal 2017, a rise of 9% YoY (year-over-year) compared to $2 billion in fiscal 2016.

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