CISCO SYSTEMS, INC.

(CSCO)
  Report
Real-time Estimate Cboe BZX  -  04:28 2022-08-19 pm EDT
48.68 USD   -1.40%
09:31aDZ Bank Adjusts Cisco Systems Price Target to $50 From $45, Maintains Hold Rating
MT
07:33aDeutsche Bank Adjusts Cisco Systems' Price Target to $54 From $51, Maintains Hold Rating
MT
06:06aMARKETMIND : Dollar back on the march
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cisco : Preventing Dark Plants With Hybrid Work

06/23/2022 | 11:16am EDT

The lines of where and how office workers conduct their daily duties are blurred. Technology and regulatory mandates have enabled, but also forced flexibility of working from home or going to the office. Is this the case now for manufacturing workers and their first line support teams? Maybe.

As organizations managed through the pandemic, they were challenged to keep operations going, while prioritizing worker safety. This seemed relatively easy for office workers who could simply work from home with a digital interface and a secure internet connection. Some used laptops or desk-top computers, and others were supplied with stand-alone end points that had all the collaboration functionality needed for productive meeting experiences.

However, in the world of manufacturing, the challenges of finding new ways to work were similar to those of office workers heading home, only with additional levels of complexity. Globally, 31% of the top ten largest industries by employment are in the manufacturing space, totaling just over 35 million workers from three of the ten biggest industries.

Granted, not all of those employed in the manufacturing industries are plant workers, but it's safe to say they make up a significant portion. In a "lock-down" environment where social-distancing was mandatory, just how did frontline manufacturing workers go about conducting their jobs to provide us with the goods that we all consume? They social distanced, wore additional PPE, and adopted new practices and technologies to interact with their dispersed co-workers.

With the "great resignation" and the on-going retirement of the baby boomer generation, training and keeping newly hired employees is challenging. In interviews with some manufacturing executives, we've heard that it can up to 60 days to train a new hire, and even then, retention is not guaranteed. Thus, more efficient and cost effective tools are needed. Augmented Reality Technologies, Remote Experts and Digital Twins are all being used as a means of training and on-boarding newly hired employees. Combatting this problem heads on was Hirschmann Automotive who utilized Webex Expert on Demand to increase first time fix rates, improve the speed of first time resolution, while reducing travel expenses.

Unless we are talking about "dark plants," or highly automated plants, manufacturing workers will always be on-site and won't be able to work from remote locations. It only makes sense to provide this majority of the workforce in manufacturing with the same digital mobility and collaboration tools that office workers have otherwise we risk losing an even greater mindshare of the next generation thinking about careers.

Learn more about how Cisco is making hybrid work possible for manufacturers today.

Share:


Disclaimer

Cisco Systems Inc. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 15:15:04 UTC.


© Publicnow 2022
All news about CISCO SYSTEMS, INC.
09:31aDZ Bank Adjusts Cisco Systems Price Target to $50 From $45, Maintains Hold Rating
MT
07:33aDeutsche Bank Adjusts Cisco Systems' Price Target to $54 From $51, Maintains Hold Ratin..
MT
06:06aMARKETMIND : Dollar back on the march
RE
12:26aDarktrace Shareholders Oppose Potential Deal With Thoma Bravo Over Valuation
MT
08/18CISCO : Five ways climate change is impacting humanitarian crises around the world
PU
08/18Shares choppy, U.S. yields fall as investors digest Fed minutes
RE
08/18US Stocks Turn Higher After Turbulent Thursday Session
MT
08/18CISCO : First-Class Collaboration and APIs, Delivered by Postman
PU
08/18US Stocks Turn Higher Amid Turbulent Thursday Session
MT
08/18Wall St ends higher, Cisco Systems jumps after forecast
RE
More news
Analyst Recommendations on CISCO SYSTEMS, INC.
More recommendations
Financials (USD)
Sales 2022 51 213 M - -
Net income 2022 11 803 M - -
Net cash 2022 12 642 M - -
P/E ratio 2022 17,5x
Yield 2022 3,03%
Capitalization 204 B 204 B -
EV / Sales 2022 3,75x
EV / Sales 2023 3,48x
Nbr of Employees 79 500
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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 49,37 $
Average target price 55,58 $
Spread / Average Target 12,6%
EPS Revisions
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
Sector and Competitors
1st jan.Capi. (M$)
CISCO SYSTEMS, INC.-22.09%204 439
MOTOROLA SOLUTIONS, INC.-5.69%42 763
ARISTA NETWORKS, INC.-7.66%40 390
NOKIA OYJ-9.60%28 689
FOXCONN INDUSTRIAL INTERNET CO., LTD.-19.38%28 132
ERICSSON-18.94%25 883