As per case study 1 through thorough investigation and analysis it reflects that the

Total Cash to be Received by Client if Repurchased: $44,870,000

 Total Cash to be Received by Client if Dividend: $1,430,000

I'll be utilizing CISCO's publicly available statistics for 2020 and 2021 in my step-by-step
explanation.
 
Total Cash to be Received by Client if Repurchased:
 
1,000,000 shares x $44.87* = $44,870,000
1,000,000 shares x $48.13^ = $48,130,000
Net Gain/(Loss) = ($3,260,000)
 
*closing price as at February 26, 2021
 
^closing price as at June 8, 2020
 
Total Cash to be Received by Client if Dividend:
 
1,000,000 shares x $0.37* = $370,0000
 
* Dividend on April 5, 2021.
  With this information, dividends are a better option than repurchase for the
customer.
This information is subject to change, which may alter the outcome. 
Cisco Systems (CSCO) stock continues to benefit from market rotation to "value"
companies linked to an economic recovery. The stock's future hinges on advances in
cloud computing infrastructure, as well as business and telecom networks. Cisco's
adjusted profits and sales for the third quarter of fiscal year 2021 above analyst
expectations.
In a recent note to clients, Oppenheimer analyst Ittai Kidron wrote, "The firm is
experiencing an improved demand backdrop as customers begin postponed projects
and pull-forward scheduled projects."

"As a result of the decreasing Covid-19 headwinds, order patterns improved

considerably across every area and client group. However, supply chain limitations
continue to weigh on profits, and headwinds are likely to last through the end of the
year."

Due to growing office vacancy rates during the coronavirus pandemic, corporate
spending on data networks has come to a standstill. Corporate networks, according to
one opinion, will become less significant as remote work becomes more widespread. As
a result, Cisco stock will have to increase its spending in next-generation business
networks. Cisco wants to assist businesses in creating hybrid network designs that
combine on-premise data centers with cloud computing infrastructure.
Cisco promoted "hybridization as a foundation stone to its product strategy"
during its Cisco Live virtual conference in late March, Morgan Stanley analyst Meta
Marshall wrote in a report to investors.

Cisco's ability to acquire market share in cloud computing data centers is a major
concern. Cisco's primary competitor in that area is Arista Networks (ANET).Scott
Herren, formerly of Autodesk, has joined Cisco as its new chief financial officer (ADSK).

Cisco stock is still one of the most cash-rich tech corporations in the United
States. CSCO stock is still popular among institutional investors, thanks to its 4%
dividend yield. While Cisco stock pays a generous dividend, the company's share
repurchase program has stalled.
CSCO Stock Technical Analysis

Cisco flourished as a significant provider of gear to create internet networks,

both to telecom businesses and huge companies outside that industry, from its first
public offering in 1990 until early 2000. Before the dot.com boom burst, Cisco stock
surged by more than 100,000 percent.
Cisco revenue remained steady or decreased from the first quarter of 2016 to
the end of 2017. Beginning in early 2018, revenue began to increase again, albeit in the
low single digits. The inflection triggered a surge in Cisco stock.

Cisco stock hit new highs in 2019 after breaking out in October 2017, a period that
coincided with the dot.com boom in the late 2000s. Cisco is currently not included in
the IBD Long Term Leaders list.The Trump administration's tax reforms contributed
significantly to Cisco's profits increase in 2018.
Cisco's Growth Through Acquisitions

Acquisitions have accounted for a large portion of Cisco's revenue growth.Cisco

agreed to pay $730 million for IMImobile, a cloud communications software company
located in the United Kingdom.Cisco paid $1 billion for ThousandEyes, a networking
analytics firm, in May 2020.Cisco paid $3.7 billion for AppDynamics, a software
company. In late 2017, it paid $1.9 billion for BroadSoft. Cisco purchased Duo Security
for $2.35 billion in July 2019, marking the company's largest cybersecurity acquisition
since acquiring Sourcefire in 2013. Cisco boosted its position in the burgeoning area of
zero trust cybersecurity by acquiring Duo Security. Aside from acquisitions, revenue
recognition has benefited from new accounting regulations.The ASC 606 regulations
mandate that multiyear software licenses be recognized up front.
Below are the computation of the study:
The study presented above were checked through plagiarism detector and results
presented are presented below: