For a couple of days in March 2000, because the dotcom bubble neared bursting level, Cisco was the world’s most useful firm. Now the vendor of networking gear is a cautionary story, even when additionally it is a permanent success, with actual earnings per share of four-and-a-half occasions what they have been again then. Buyers turned so exuberant in regards to the agency’s prospects 25 years in the past that they valued it at greater than 200 occasions its annual revenue, or round $1trn in as we speak’s cash. Ranging from a valuation that stratospheric, Cisco’s solid-but-unspectacular progress was a bitter disappointment. Its market worth is now $280bn.
