By Bernard Zambonin
Publication Date: 2025-11-14 20:48:00
Cisco Systems (CSCO) was one of the main protagonists of the dot-com bubble in the early 2000s, briefly becoming the most valuable company in the world and trading near $80 per share—only to collapse to below $10 just two years later. Twenty-five years later, Cisco is once again approaching those nominal highs, trading at ~$77.50 per share this Friday morning.
Meet Your ETF AI Analyst
The difference, of course, is everything. In March 2000, Cisco traded at nearly 200x earnings, powered by the belief that it was the physical backbone of the new internet economy. Today, Cisco is trading at roughly 18x earnings, with a mature business model, predictable cash flows, and strong profitability—much more of a value compounder than a high-flying growth story. The price may be similar, but the fundamentals and the narrative could not be more different.
A big part of Cisco’s climbing back toward its historical peak is the company’s strong performance this year. Between 2023…
