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Valued at a market cap of $229.7 billion, Cisco Systems, Inc. (CSCO) designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry. The San Jose, California-based company provides a broad range of products and services, including routers, switches, cybersecurity solutions, cloud collaboration tools, and data center technologies.
Shares of this tech company have outpaced the broader market over the past 52 weeks. CSCO has rallied 22.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.6%. Moreover, on a YTD basis, the stock is down 2.5% compared to SPX’s 5.3% decline.
