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Legacy tech giant Cisco Systems Inc. (CSCO) is a leading manufacturer and vendor of networking equipment. They are involved in the designing, producing, and marketing of switches, modules, controllers, access points, wireless products, interfaces, and routers. Incorporated in 1984, the company is headquartered in San Jose, California. With a market cap of $226.7 billion, Cisco is a mega-cap leader in global connectivity solutions.
CSCO has lagged the broader market over the past year, with a 52-week gain of just 7.8%. On a YTD basis, the stock is up 11.4%, compared to the S&P 500 Index's ($SPX) gain of 21.5%.
