Honestly speaking, Cisco is not easy to be in the history book like Nortel, Lucent and Motorola. The current financial strength is 46 Billion of cash or equivalent, positive cash flow of 13 Billion per year, buyback 17 Billion per year. It is not so easy to be eliminated by others unless the management made some serious mistakes in the M&A.
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Brighter days? Don't think so. Lower margins and lower price point for Cisco's bread and butter products is only going to get worse. Cisco will likely survive, but will be rebranded or acquired in the future.
Acquisition from 2014 to 2018 had been disaster. Most of these are closed or on the verge of closure. Jasper is the latest addition. Buy backing own shares and rewarding VPs is something like going to parlor every day. The only benifit is reaped by small companies CEOs and investors that are acquired