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And those dividends did, in the end, finally contribute to Cisco surpassing its 2000 closing price in 2021 on an adjusted basis. Moreover, the internet, in fact, was transformative.
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 4 ]
In my opinion, shares of Cisco trading at a forward price-to-earnings (P/E) ratio under 13 times the average Wall Street estimate for 2024 EPS of $3.70 represents good value within the technology ...
Photographer: David Paul Morris/Bloomberg via Getty Images SAN JOSE, Calif. - Hundreds of Cisco Systems employees will be laid off as the company shifts focus to artificial intelligence and ...
Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity. [ 2 ] The company's largest acquisition as of October 2023 [update] is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [ 3 ]
Cisco: While remaining a dominant presence in IT hardware and services, Cisco's stock price dropped over 89% during the dot-com bubble and as of 2022 had not recovered to its peak price from early 2000. [3] Cobalt Networks: Its stock price rose over 400% on its first day of trading; acquired by Sun Microsystems for $2 billion in December 2000.
Cisco (CSCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Over the long run, network technology specialist Cisco (NASDAQ:CSCO) makes investment sense. With a surge of innovations, especially the 5G network rollout, Cisco stock is incredibly relevant ...