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Cisco Systems (CSCO) Stock Rises as CEO Focuses on New Strategies

NEW YORK (TheStreet) -- Cisco Systems (CSCO - Get Report) shares are advancing 0.25% to $28.40 on Thursday as its new CEO Chuck Robbins is focusing on networking equipment with custom software.

Since regular hardware and software are less appealing to customers because major data center operators like Facebook (FB) and (AMZN) are writing their own code, Robbins is thinking of different ways to make Cisco's product more appealing, Bloomberg reported.

For instance the networking gear would connect appliances, cars and lightbulbs.

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"When you connect 500 billion things, it's going to create a massively distributed technology landscape," Robbins said.

Currently, Cisco is working with companies like Siemens (SIEGY) to get into network-connected machinery.

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: