Cisco can't ship customer orders. Offices are not opening up anytime soon with new COVID waves - so who needs switches, routers, and APs. They are getting very little from the remote worker wave. Just wondering why the stock is on fire lately? Suppose it is the everything bubble.
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Wall Street is not blind... as the first responder states, there has been virtually ZERO movement in SP for 2 years. One could even argue that if you bought this stock at it's high in 2000, you have been underwater for the past 20 years.
Relative to the tech industry at large, CSCO stock will make you 5-10%/year, if you are lucky. If you want to be depressed, look at PANW, ANET, ZS...he-l, even ZM. Yes, their PE's are through the roof, but honestly, I wouldn't care if I held the stock and neither are the employees, the shareholders, the mutual funds, etc. Make no mistake - Cisco is a hardware company and the PE ratio reflects it. This narrative about being a software company is BS. It's the software that powers the hardware, duh. Frankly, it's a Frankenstein company, comprised of pieces here and there.
CSCO will is hemorrhaging across all fronts now. With product shipping constraints, we are in a very poor cash flow position. Were it not for the vax mandate and the impending layoffs from that, LRs would have happened by now.
Totally wrong. Orders are exploding. True that shipping is difficult, but the products are selling like hot cakes.
Two words. Dividends. Stability.
is on fire means it stayed the same as 2019 high? did you see the gains on zoom, pan, apple google, or other real tech stocks?