The Internet of Things and Cisco Systems Inc: A Match Made in Heaven

Last quarter's 5% increase in revenue and nearly 12% jump in GAAP earnings per share (including one-time items) didn't exactly light a fire under Cisco stock. But shareholders shouldn't worry. As impressive as Cisco's fiscal third quarter was, better still, it has positioned itself perfectly to take the biggest piece of a very large pie: the Internet of Things, or IoT. Specific definitions of the IoT vary, but it's essentially the inter-connecting of virtually everything around -- cars, homes, devices, and yes, even cities -- to (hopefully) make our lives more efficient. And as all-encompassing as the IoT is expected to become, smart cities are expected to lead the way.