Cisco Systems stock was one of the odd stocks that seemed to have missed the 2020 tech rally, falling 3.5 per cent while the Nasdaq Composite rallied more than 40 per cent. This year, though, shares in the iconic firm, whose history pretty much tracks the growth of the Internet, are up 28 per cent.
Full-year results due in a few days will indicate whether those gains will be sustained. The consensus estimate is calling for fourth- quarter revenue of US$13.04 billion (S$17.7 billion), up 7.3 per cent from the prior-year quarter, and US$49.7 billion for the full year.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
