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The company went public in 1990 and, by the end of the dot-com bubble in 2000, had a market capitalization of $500 billion, surpassing Microsoft as the world's most valuable company. [5] [6] Cisco stock (CSCO) was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500, Nasdaq-100, the Russell 1000, and ...
The company's largest acquisition as of October 2023 is the purchase of Splunk—a software company that develops software for the analysis and monitoring of machine-generated data— US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively ...
"Corporate market" refers to enterprise networking and service providers. Enterprise networks Products in this category are Cisco's range of routers, switches, wireless systems, security systems, WAN acceleration hardware, energy and building management systems and media aware network equipment.
Image source: The Motley Fool. Cisco Systems (NASDAQ: CSCO) Q3 2024 Earnings Call May 15, 2024, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday.. The acquisition is one of Cisco’s largest, and ...
By 2003, when the company was acquired by Cisco, it had 305 employees and revenues of more than $500 million. [4] [6] [7] Cisco expanded the company's product line, acquiring VoIP maker Sipura Technology in 2005 [8] and selling its products under Linksys Voice System or later Linksys Business Series brands. [9]
In May 2015, Cisco announced that CEO and chairman John Chambers would step down as CEO in July 2015 while remaining as chairman. Robbins, then a senior vice president, was named as his successor. [5] Mentored by Chambers, Robbins was unanimously voted in as the company's new chief executive, becoming CEO of Cisco Systems in July 2015. [6] [5] [7]
Reuters exclusively reported the job cut that San Jose, California-based Cisco announced in February, prior to the company announcing it. The company employed around 84,900 people as of July 2023 ...