Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems, Inc.    CSCO

CISCO SYSTEMS, INC.

(CSCO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Cisco : Helps to Bridge the Digital Divide in the U.S. with Rural Broadband Network Solutions for Service Providers

share with twitter share with LinkedIn share with facebook
09/10/2020 | 08:22am EDT

Cisco unveils its network solutions to help service providers close the digital divide through U.S. Government funded programs.

Cisco technology and U.S. Government funding help TruVista to upgrade its core network to reach unserved rural customers in South Carolina

Cisco announces its Rural Broadband Innovation Center in North Carolina, featuring the latest internet technologies to extend connectivity to rural communities

Delivering on its commitment to power an inclusive future where everyone has access to the internet, Cisco today unveiled its network solutions for rural broadband designed to help U.S. service providers extend and improve the cost-efficiency of their networks for infrastructure buildouts in rural areas.

According to the U.S. Federal Communications Commission (FCC), nearly 30 million Americans still do not have high speed internet access. Being able to connect to high speed internet opens many doors, and more opportunities are created through education, skill sharing, access to better healthcare, and so much more.

Cisco's 2020 Inclusive Future Report estimates that providing internet access to unconnected parts of the world has the potential to lift 500 million people out of poverty globally. The report also asserts that internet usage and lower levels of inequality often have a close correlation, making digital communications infrastructure essential to attain equality.

Taking action

Today, Cisco announced plans with MuralNet to launch a Sustainable Tribal Networks program to provide consistent internet access and services to the 574 federally recognized, sovereign, Native American Tribes (close to three million people) to foster better economic, health and educational opportunities. Approximately 1.5 million people on these reservations do not have basic wireless services, and more than a third of those living on Tribal lands don't have access to high-speed broadband. Cisco is providing financial support, legal, technical and market expertise, among other resources.

Government Assistance

Through a series of programs involving $37 billion in federal funding, the U.S. Government has committed to closing the digital divide in America, particularly in rural areas where broadband is insufficient.

TruVista, a telco service provider in Chester, South Carolina, is planning to deploy 257 miles of fiber-optic cables to expand its network and offer high quality, low latency broadband services to 81 square miles of unserved communities. Thanks to a $9.1 million grant from the USDA Re-Connect program, it can cost-effectively extend broadband services to reach over 1,700 additional homes. With the addition of Cisco's Rural Broadband network solutions, TruVista's best-in-class IP transport network will have the increased backbone capacity to meet both current and growing demand.

'We began our journey to deploy an end-to-end IP architecture with Cisco five years ago, and throughout they have been a guiding light, helping us work through pros and cons to make more intelligent decisions,' said Sam Fitzgerald, Senior Director of Engineering and Operations, TruVista. 'Since deployment, we have yet to see a single glitch-not one. When you find a great partner up front and can choose the right solutions that scale, it just works.'

'Closing the digital divide is an imperative for government decision makers and all of society,' said Ron Westfall, Senior Analyst + Research Director, Futurum Research. 'The necessary move to more remote working and learning is proving that access to affordable, reliable internet access is essential to fulfilling the unique demands of rural communities in top-priority areas such as public safety, public health, education, and communications. Rural communities must be able to join the emerging digital workforce and ecosystem to survive and prosper.'

New Cisco Rural Broadband Innovation Center

Stemming from its Internet for the Future launch in December 2019, Cisco has been actively investing in an inclusive future, working with service providers around the world to transform the economics of networking and improve the cost structure to connect more people and reach underserved communities.

This Fall, the company will unveil its Rural Broadband Innovation Center, in Raleigh, North Carolina where it will showcase to customers the steps for converging wireline and wireless infrastructure and services to enable more cost-effective broadband networking. The innovation lab will feature Cisco's routing and optical platforms, including the new Cisco 8000 Series routers powered by Cisco Silicon One, Cisco Cloud Services Stack providing a validated Telco Cloud environment and its service provider network automation and security solutions.

'I'm proud that Cisco has been very vocal and actionable in our effort to bridge the digital divide,' said Jonathan Davidson, Senior Vice President and General Manager, Mass-Scale Infrastructure Group, Cisco. 'Everyone should be able to connect to the internet. As technology leaders, we have the power to change lives and shape the future through inclusion. It is critical for people to be connected to each other and to information now more than ever before. With our network solutions for rural broadband, we are providing our customers with the critical tech infrastructure they need to reach the underserved rural communities as soon as possible.'

Supporting resources:

Cisco Rural Broadband Network Solutions

MuralNet and Cisco Launch Sustainable tribal Networks Program

Cisco 2020 Inclusive Future Report

Bridging the Digital Divide for All Americans: FCC Initiatives

FCC Rural Broadband Auction Programs

Blog: Three Innovations to Bridge the Digital Divide in Rural Areas

For more information about Cisco news and activities, visit the SP360 blog or follow us on Twitter @CiscoSP360 and LinkedIn

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Release Contacts

Ashley PriesPress

+1 559 908 9559 ashjohns@cisco.comJennie OleanAnalyst

+1 978 936 0223 jolean@cisco.comEmily HuntInvestor

+44 20 8824 4283 emhunt@cisco.com

(C) 2020 Electronic News Publishing, source ENP Newswire


share with twitter share with LinkedIn share with facebook
All news about CISCO SYSTEMS, INC.
06:05aCISCO : Introduces New Partner Program Enhancements that Simplify the Partner Ex..
AQ
06:05aCISCO : New Cisco Solutions Elevate Resiliency and Security for Critical Legisla..
AQ
06:05aCISCO : Delivers New Platform Solutions to Drive Workload Agility Across Public ..
AQ
06:05aCISCO : Delivers Security Portfolio Simplification that Achieves New Levels of A..
AQ
10/28CISCO : Indiana county upgrades its network to hear court cases remotely
PU
10/28CISCO : Transforming Data Center Operations with Nexus Dashboard
PU
10/28CISCO : Unboxing The New Cisco Partner Program
PU
10/28CISCO : ITOps Reimagined through Intersight, the World's Simplest Hybrid Cloud O..
PU
10/28CISCO : Delivers New Platform Solutions to Drive Workload Agility Across Public ..
PR
10/28CISCO : New Cisco Solutions Elevate Resiliency and Security for Critical Legisla..
PR
More news
Financials (USD)
Sales 2021 48 292 M - -
Net income 2021 10 333 M - -
Net cash 2021 17 463 M - -
P/E ratio 2021 14,2x
Yield 2021 4,16%
Capitalization 151 B 151 B -
EV / Sales 2021 2,76x
EV / Sales 2022 2,54x
Nbr of Employees 77 500
Free-Float 99,9%
Chart CISCO SYSTEMS, INC.
Duration : Period :
Cisco Systems, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CISCO SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 48,36 $
Last Close Price 35,71 $
Spread / Highest target 82,0%
Spread / Average Target 35,4%
Spread / Lowest Target 0,81%
EPS Revisions
Managers
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Chief-Operations & Executive Vice President
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Chuck Churchill Director-Information Technology
Roderick C. McGeary Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS, INC.-25.54%150 733
FOXCONN INDUSTRIAL INTERNET CO., LTD.-23.59%41 167
ERICSSON AB23.41%38 081
MOTOROLA SOLUTIONS, INC.2.08%27 928
NOKIA OYJ4.58%22 811
ZTE CORPORATION-6.53%21 626