Cisco Sys Inc Stock Price, News & Analysis

Cisco (NASDAQ: CSCO) announced its annual AI Collaboration and Customer Experience event, WebexOne, scheduled for October 21-24, 2024. The event will feature speakers from top global brands, including Trevor Noah, Emmy award-winning comedian, and Fareed Zakaria, host of CNN's Fareed Zakaria GPS. More than 50 Webex customers and partners will discuss how they're partnering with Cisco to revolutionize customer experiences and collaboration with AI.

The event will explore topics such as generative AI, customer experience, and conferencing and office tech. Attendees can participate in 100+ hours of learning from 65 classes and labs, and experience 50+ breakout sessions. Cisco leaders, including Jeetu Patel, EVP and Chief Product Officer, will showcase the latest technology revolutionizing the future of work and customer experience.

Cisco and BT have partnered to upskill Ukrainian refugees in Ireland through the Cisco Networking Academy. This initiative, supported by TU Dublin, offers free online courses in English and Ukrainian on topics like Cybersecurity, Networking, and Programming. Since its launch in October 2023, the Academy has reached over 200 learners, with a focus on helping Ukrainian women secure employment. Shay Walsh, Managing Director of BT Ireland, and Niamh Madigan, Partner Leader at Cisco Ireland, emphasize the program's impact on fostering innovation and inclusivity. The partnership aims to extend the reach of STEM education and digital skills training in underserved communities.

Cisco Systems Inc. has marked three years of progress towards its net zero greenhouse gas (GHG) emissions goal, set to be achieved across its value chain by 2040. The company's strategy, 'The Plan for Possible', focuses on accelerating the transition to clean energy. Key achievements include:

1. Increasing energy efficiency in buildings and transitioning to electric vehicles.
2. Joining the RE100 initiative for 100% renewable electricity sourcing.
3. Setting a goal for 80% of suppliers to have public GHG reduction targets by FY2025, with 92% already compliant as of FY23.

Cisco is exploring future opportunities in AI for sustainability, climate technology investments, and clean energy adoption. The company emphasizes the importance of collective effort from individuals, businesses, and governments in achieving net zero goals.

Eunjung Son, a Cisco partner account manager, shares her inspiring journey with the company and her nonprofit, Gift Factory Project. Son's story begins with her father's terminal cancer diagnosis in 2001, which coincided with her first job at Cisco. Inspired by her father's passing, she founded Gift Factory Project in 2012 to provide memorable experiences for terminal cancer patients and their families.

After rejoining Cisco in 2024, Son organized a virtual world tour using Webex for young adults with muscular dystrophy. The event, supported by Cisco employees across Asia Pacific, allowed participants to explore four countries virtually. This initiative showcased how Cisco's technology connects people and creates positive impact, aligning with the company's core philosophy of people-centered leadership and technological innovation.

Ontario Clean Water Agency (OCWA) has implemented a Cisco industrial IoT solution to modernize its water and wastewater services across 750 client facilities in Ontario, Canada. The solution, built on Cisco industrial routers, addresses three key goals:

1. Standardizing data from various equipment types
2. Eliminating compliance reporting issues due to network disruptions
3. Expanding service portfolio for added customer value

The new system transforms plant data into a standard format, ensures data retention during network outages, and enables new services like energy management and asset performance monitoring. Currently deployed in over 165 facilities, OCWA aims to implement the solution in the majority of its remotely monitored facilities by 2030, with potential future applications including machine learning for predictive maintenance.

Nataliia Nahach, a Ukrainian refugee, shares her transformative journey with Cisco's TOP program. The two-year apprenticeship offers displaced individuals education, industry certification, and tailored training. Despite initial fears about lacking a technical background, Nataliia was selected as one of 10 participants. She highlights Cisco's supportive environment, comprehensive onboarding, and job rotation opportunities. The program helped Nataliia adapt to a new country and secure a permanent position as a High Touch Operations Analyst. Cisco's partnership with Tent, a global coalition supporting refugee employment, further emphasizes their commitment to helping refugees rebuild their lives.

Cisco Systems Inc. commemorates Women's Equality Day, marking the 104th anniversary of the 19th Amendment granting women the right to vote in the U.S. The press release highlights the significant impact of women's voting power on societal changes and innovations. It showcases successful women leaders across various industries and emphasizes Cisco's commitment to increasing diversity in innovation through its WIN++ program.

Since launching WIN++ in 2020, Cisco has seen a 30% increase in unique women inventors listed on original U.S. patent filings and a 67% jump in approved submissions with at least one female inventor. The company encourages involvement in the program to continue breaking down barriers and creating opportunities for all.

Karissa A. Breen, Head of Cybersecurity Journalism at KBI.Media, discusses the important role of AI in cybersecurity. AI's ability to analyze vast amounts of data quickly enables it to uncover new patterns and identify potential security threats. While AI enhances threat detection and improves data security, it's also being used by threat actors for more sophisticated attacks. The cybersecurity industry faces a widening skills gap as AI adoption accelerates, creating opportunities for professionals with both technical and soft skills.

Breen emphasizes the need for diversity in cybersecurity, particularly encouraging women to enter the field. She highlights how women's unique perspectives and skills in empathy, collaboration, and problem-solving can be valuable in addressing cybersecurity challenges and shaping the future of AI in security.

Cisco has partnered with Claflin University, an HBCU in rural Orangeburg, South Carolina, to address critical broadband access challenges affecting students and the local community. The partnership includes:

1. Deployment of a private 5G network for the campus and surrounding area
2. $1.7 million donation in equipment and services for IT modernization
3. Implementation of a student help desk for community support
4. Training for the school's IT staff and upskilling through Cisco Networking Academy
5. Hosting a Cisco Cyber Security Resilience workshop

This initiative aims to bridge the digital divide, improve educational opportunities, and enhance connectivity for both the university and the Orangeburg community. The partnership serves as a model for other HBCUs and demonstrates Cisco's commitment to social justice and digital inclusion.