CISCO SYSTEMS, INC.

(CSCO)
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Delayed Nasdaq  -  04:00 2022-08-17 pm EDT
46.66 USD   -0.24%
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California appeals court rules no arbitration in Cisco caste bias case

08/05/2022 | 06:29pm EDT
GSMA's 2022 Mobile World Congress in Barcelona

OAKLAND, Calif. (Reuters) - Cisco Systems Inc on Friday lost a court appeal to move to private arbitration a case over alleged caste discrimination in its Silicon Valley offices, where managers of Indian descent are accused of discriminating against a fellow employee from India.

The networking gear and business software company has denied the allegations. It had argued to a California appeals court that the state's Civil Rights Department, which had brought the case on behalf of a worker identified under the pseudonym John Doe, should be subjected to an employment arbitration agreement signed by Doe.

The appeals court on Friday also ordered a lower-court judge to reconsider a ruling that would have required the state to identify Doe.

Cisco and the state agency did not immediately respond to requests for comment.

(Reporting by Paresh Dave; Editing by David Gregorio)

By Paresh Dave


© Reuters 2022
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Financials (USD)
Sales 2022 51 213 M - -
Net income 2022 11 803 M - -
Net cash 2022 12 642 M - -
P/E ratio 2022 16,6x
Yield 2022 3,21%
Capitalization 193 B 193 B -
EV / Sales 2022 3,53x
EV / Sales 2023 3,33x
Nbr of Employees 79 500
Free-Float 99,9%
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Number of Analysts 29
Last Close Price 46,66 $
Average target price 53,79 $
Spread / Average Target 15,3%
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Managers and Directors
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Jacqueline Guichelaar Group Chief Information Officer & Senior VP
Kip Compton CTO, SVP, Strategy & Operations
Maria Martinez Chief Operating Officer & Executive Vice President
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