Samantha Camden ’20 pitched Cisco Systems (NASDAQ: CSCO) on February 24th, 2020. Cisco, which has dominated the market for internet protocol-based networking equipment, makes security devices, internet conferencing systems and other networking equipment for businesses and government agencies. The company has successfully identified and innovated in key secular growth areas in the upcoming 4-5 years, including 5G & Wi-Fi 6, security solutions, and networking for data and applications in multi-cloud environments. As part of Cisco’s capital allocation strategy, the company intends to return a minimum of 50% of its free cash flow annually to shareholders through cash dividends and repurchases of common stock. In its most recent quarterly filing, Cisco delivered on business transition goal, generating 72% of software revenues from subscriptions. The class voted to buy 900 shares of CSCO and sell 190 shares of the XLK.