Why Cisco Is Overdue for a Reemergence
As the overall market trades near record highs, companies like Cisco (NASDAQ: CSCO) seem to lag. Cisco stock has risen by just under 250% since the March 2009 lows. This does not compare well to the S&P 500, which increased by over 375% over the same period. Tech giants such as Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) have seen more dramatic growth.
These lower returns might make investors wonder why they would want to buy Cisco stock. However, with its latest 5G and software technology, Cisco could finally make a long-awaited comeback.
Cisco stock was a darling of the dot-com boom in the late 1990s. So dramatic was its surge that it briefly overtook Microsoft as the company with the world's largest market cap in March 2000.
Source Fool.com
