Cisco Sys Inc Stock Price, News & Analysis

Cisco Foundation has invested in Carbon Reform through its Regenerative Future Fund to address indoor air quality and energy efficiency challenges in buildings. Carbon Reform's innovative Carbon Capsule® technology retrofits existing HVAC systems to capture CO₂, filter pollutants, and improve energy efficiency. In pilot projects, the system demonstrated potential cooling load reductions of up to 50%.

The investment aligns with Cisco's environmental sustainability strategy, focusing on clean energy transition, circular transformation, and resilient ecosystems. A notable pilot installation at Baltimore Gas and Electric's Spring Gardens facility showcases the technology's real-world impact, supporting BGE's goal of reaching net-zero emissions by 2050.

Cisco (NASDAQ: CSCO) has announced its 2024 Virtual Annual Meeting of Stockholders, scheduled for Monday, December 9, 2024, at 8:00 a.m. PST. The meeting will be hosted via audio webcast, featuring Chair and CEO Chuck Robbins. Stockholders of record as of October 10, 2024, can participate, vote, and ask questions during the virtual event.

The meeting will include live audio with synchronized slides and closed captioning. Stockholders can attend through www.virtualshareholdermeeting.com/CSCO2024. The 2024 Annual Report and Proxy are available on Cisco's website, and a replay of the meeting will be accessible on the Investor Relations website within 24 hours after conclusion.

Cisco and NTT DATA announced an expanded partnership to transform global enterprise wireless connectivity access. The collaboration integrates Cisco's eSIM technology with NTT DATA's Transatel network, enabling enterprises to activate and manage Cisco infrastructure across 180 countries. This solution allows for simplified provisioning, secure mobile branches setup, and enhanced network device management.

The partnership aims to provide flexible and cost-effective connectivity solutions, benefiting various industries including financial services, retail, hospitality, and manufacturing. Key features include out-of-box connectivity, simplified setup processes, and integrated security measures for primary or secondary connectivity needs.

Cisco (CSCO) and OneTen released a case study highlighting Cisco's successful transition to a skills-first hiring model since joining OneTen in 2021. The study showcases how Cisco moved from traditional degree-based hiring to focusing on competencies and experience, achieving a 96% retention rate among skills-first hires. The initiative aims to create career opportunities for talent without four-year degrees, particularly focusing on Black talent. The case study outlines key success factors including clear vision setting, leadership empowerment, secured budget, hiring manager partnerships, and talent support through a cohort model.

Cisco (CSCO) has announced its participation in several financial community events during December 2024. The schedule includes presentations at the UBS Global Technology and AI Conference, Raymond James TMT Conference, and Barclays Global Technology Conference, featuring key executives including CEO Chuck Robbins and SVP Bill Gartner. Additionally, investor meetings are planned at the Wells Fargo TMT Summit and Melius Conference. The company has specified that no new financial information will be discussed at these events. Webcasts, where available, can be accessed through Cisco's Investor Relations website.

Cisco Systems has partnered with Iḷisaġvik College in Utqiaġvik, Alaska, to enhance educational access and technological infrastructure in this remote Arctic community. The partnership focuses on bringing the college into NIST cybersecurity compliance through the donation of technology and services, including Cisco Meraki MX solutions. Additionally, Cisco will offer its Networking Academy coursework, enabling local residents to obtain cybersecurity and networking certifications while remaining in their community. This initiative is part of Cisco's social justice commitment to support minority-serving institutions and create inclusive opportunities in underserved communities.

Cisco Systems is partnering with non-profit Replate to address food waste and insecurity through AI-driven technology. The platform facilitates food donation and recovery, optimizing operations between businesses with excess food and communities in need. A notable example is the Chase Center in San Francisco, which uses Replate's client portal to schedule food pickups after events. The platform tracks metrics including meals donated, pounds of food saved, water conservation, and CO2 emissions prevented. Replate's operations have expanded beyond San Francisco to other U.S. locations and the Middle East.

Cisco's 2024 AI Readiness Index reveals a widening gap between AI deployment urgency and organizational readiness. While 98% of companies report increased urgency to deploy AI, only 13% are fully prepared to implement their AI strategies, down from 14% last year. The study, involving 8,000 organizations, shows that 85% believe they have less than 18 months to demonstrate AI impact. Key infrastructure challenges include only 21% having necessary GPUs for AI demands and 30% having adequate data protection capabilities. Companies plan to allocate 30% of IT budgets to AI in the next five years, despite current implementations falling short of expectations.

MGM Resorts International has signed a 5.5-year Whole Portfolio Agreement (WPA) with Cisco, gaining access to most of Cisco's software portfolio. The agreement includes cybersecurity, software-defined networking, digital experience assurance, full-stack observability, data center, and services. This partnership aims to enhance guest experiences across all MGM properties through network automation and will enable future location services and machine learning applications. The implementation will support MGM's sustainability goals while ensuring uptime and security for their 24/7 operations.