Key facts: Cisco stock hits new high; strong growth in networking; PIRC advises against resolution
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- Cisco Systems' stock closed at $80.25, marking a new high and surpassing its previous record of $80.06 set in March 2000, driven by increased demand related to artificial intelligence.1
- Cisco Systems (CSCO) shows strong growth in campus networking and optics, with improvements in security and observability, though security's double-digit growth may require more time.2
- Proxy advisor PIRC has advised Cisco Systems shareholders to vote against a resolution that seeks a report on the financial impact and legal risks related to inclusion programs.3