Stock in focus: The king of networks leads the Dow
Cisco Systems was the most successful stock in the Dow Jones over the past twelve months with its resilient business model. Why are analysts still not very optimistic?
Cisco Systems has seen a 70% increase in its stock price over the past 12 months, making it the top-performing stock in the Dow Jones. The California-based network equipment provider was a prominent company during the dot-com era, briefly becoming the world's most valuable company with a market value of nearly half a trillion euros.
Its stock price peaked at $80 in March 2000 before plummeting over 90% after the dot-com bubble burst. Despite this, Cisco remains a dominant player in the market, holding a leading position in the production of switches, routers, and other equipment that connect devices and networks worldwide.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
