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San Jose, California-based Cisco Systems, Inc. (CSCO) is an IP-based networking company offering products and services to service providers, companies, commercial users, and individuals. With a market cap of $221.8 billion, Cisco’s operations span the Americas, Indo-Pacific, Europe, the Middle East, and Africa.
CSCO stock has underperformed the broader market over the past year. The stock has gained 8.4% on a YTD basis, lagging behind the S&P 500 Index’s ($SPX) 19.6% gains in 2024. Over the past 52 weeks, CSCO is up 6.2% compared to the SPX’s 36.9% returns during the same time frame.
