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Stock impact report

Cisco is the market's comeback kid [CNN]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: CNN
Cisco is the market's comeback kid Cisco is partying like it's 1999. Before the dot-com meltdown, Cisco was on top of the tech world. Former Cisco Systems CEO John Chambers was a Wall Street and Silicon Valley rock star, and investors hung on his every word. Many thought Cisco ( CSCO ) , which was worth nearly $560 billion in March 2000, would one day be the first company to hit a trillion dollar market valuation. That didn't happen. Cisco made a series of acquisitions that didn't pan out and strayed a little too far from its roots as a seller of tech networking equipment -- routers and switches for big companies. It tried to become a consumer gadgets leader. Cisco's shares plunged along with the rest of the tech sector when the bubble burst. Chambers, after a 20-year run as the head of Cisco, stepped down as CEO in 2015 and retired as chairman at the end of last year. Chuck Robbins took over as CEO and is now chairman too. Now Cisco is back on top in tech. Cisco shares are up near Show less Read more
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