Cisco Sys Inc Stock Price, News & Analysis

Cisco Systems emphasizes its commitment to community volunteering in Australia through various initiatives led by employees. The company has been actively involved in supporting local domestic violence shelters, food repurposing for the homeless, and educational outreach regarding robotics in schools. Cisco's CX Centre received recognition for its efforts in rural education, while team members participated in numerous volunteering activities, including cooking meals for the homeless and assisting community charities. The collaboration with organizations like Our Big Kitchen and Gift of Bread highlights Cisco’s role in addressing social issues and fostering teamwork among employees.

Cisco's 2023 Data Privacy Benchmark Study reveals a growing gap between consumer expectations and organizational practices regarding data privacy, particularly in AI applications. Conducted among 3,100 security professionals across 26 regions, the study shows that organizations' investment in privacy has surged, from $1.2 million three years ago to $2.7 million this year, yielding a 1.8x return on investment. Yet, 92% of respondents feel that more needs to be done to reassure customers about their data. Compliance remains a priority for organizations, while transparency is key for consumers, highlighting the need for improved trust-building strategies in a challenging economic environment.

Cisco Systems emphasizes its commitment to human rights and ethical sourcing within its supply chain, aligning with the United Nations guidelines. This initiative is highlighted through efforts by employees like Gordon Buckle, who successfully addressed a human rights violation with a supplier. Cisco's Champions of Sustainability program recognizes employees advancing sustainable practices. The company aims to create better outcomes for workers while addressing climate change and social justice. This focus aligns with Cisco's larger goal of powering an inclusive future for all.

Cisco Systems continues to impact global education through its Networking Academy, which has supported over 3 million learners annually in 190 countries. Celebrating its 25th anniversary, Cisco aims to train 25 million learners over the next decade in digital and cybersecurity skills. The program highlights the journey of Lynn Bloomer, Director of Business Operations, showcasing her commitment to empowering individuals through technology and education.

Student Freedom Initiative and Cisco have partnered to deploy wireless 5G internet service at Claflin University, enhancing connectivity for students, faculty, and the surrounding community. This initiative aims to address the broadband gap at historically underserved institutions, with 82% of HBCUs lacking adequate internet access. The program is expected to improve educational experiences and administrative efficiency, while also potentially serving local businesses and government entities.

The Indy Autonomous Challenge (IAC) announced Cisco and Luminar as premier sponsors for the Autonomous Challenge @ CES 2023, taking place on January 7 at Las Vegas Motor Speedway. This event will showcase nine teams competing to break autonomous racing records. Cisco is highlighted as a leader in technology, while Luminar focuses on making autonomous vehicles safer through innovative lidar technology. The challenge aims to push the boundaries of autonomous systems in transportation, demonstrating significant industry potential.

T-Mobile has partnered with Cisco to unveil a cloud-native 5G core gateway, enhancing its 5G and 4G services. This upgrade has resulted in a performance boost, with over a 10% improvement in speed and latency. The new gateway simplifies operations and accelerates service deployment, especially for 5G and IoT applications. T-Mobile's Extended Range 5G now covers 323 million people across 1.9 million square miles, with plans to expand Ultra Capacity 5G coverage to 300 million next year.

Cisco's Board of Directors has declared a quarterly cash dividend of $0.38 per common share, set for payment on January 25, 2023. This dividend will be distributed to all stockholders of record as of the close of business on January 5, 2023. The amount is consistent with the previous dividend paid on October 26, 2022. Future dividends will require Board approval.

JPIX partners with Cisco and Qwilt to enhance streaming in Japan by deploying the Edge Cloud for Content Delivery solution. This collaboration combines Qwilt’s open caching technology with Cisco’s edge infrastructure, improving the quality of live streaming and video-on-demand services. J-Stream, Japan's leading online video platform, will be among the first to utilize this solution. The partnership aims to optimize content delivery, increase capacity, and meet the growing demand for high-quality media experiences across Japan.