Cisco Systems Inc. At Dot-Com Boom Highs As Investors Wonder What’s Next
Opening this morning at $46, CSCO stock is at its highest since those glory days of the dot-com boom, when Cisco was briefly the world’s most-valuable company, above $68 a share in early 2000. Cisco is due to report earnings on May 16, with analysts expecting it to earn 65 cents per share, and hoping for 66 cents, on revenue of $12.33 billion. Cisco can indeed rise ahead of earnings, as our Bret Kenwell writes, thanks to a cash hoard of $74 billion, against debt of less than $30 billion.
Source:: https://finance.yahoo.com/news/cisco-systems-inc-dot-com-180046778.html
