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The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
Lucent became a "darling" stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.56/share rose to a high of $84. Its market capitalization reached a high of $258 billion, and it was at the time the most widely held company with 5.3 million shareholders. In 1995, Carly Fiorina led corporate operations.
January 28, 1999: Yahoo! acquires Geocities for $4.58 billion in stock. April 1, 1999: Yahoo! acquires Broadcast.com for $5.7 billion in shares. 2000s 2000. January 3, 2000: Yahoo stocks close at an all-time high of $475.00 (pre-split price) a share. This price propelled them to the most valuable company in the world at the time.
Its annual net income has gone from $2.7 billion in 1999 — this flipped to a loss of around $1 billion in 2000 — to north of $13 billion on a 12-month trailing basis. Notably, the company’s ...
Data by YCharts. Cisco's stock was very overvalued for most of its trading history before the stock reached its all-time high in March 2000. Its valuation was particularly bloated in 1999, the ...
Cisco has a rich history of buying its way to global success. And it's remained quite active, acquiring more than 30 startups over the last four years for a total of 229 over the life of the company.
The bad news goes beyond the numbers. For starters, Cisco said revenue was flat from a year earlier at $12.8 billion, while analysts were expecting $13.3 billion — a substantial gap ...
I'm not holding my breath for Cisco to return to its robust growth levels of the dot-com era. But with shares making new 52-week highs, it seems that the Street is at least willing to consider ...