CEO: Strongest global economy he's ever seen

A lot went right for Cisco during this span. CEO John Chambers claimed that the global IT economy was the strongest he has ever seen (he's been there pretty much since its IPO in 1990). Strong fundamentals helped boost CSCO's price over these 4.5 months, especially: spectacular growth in online video; infrastructure demand in Asia (see: China's Internet Growth); and continued growth of mobile phone adoption in emerging economies.The company famous for acquisitions also added nearly 1 company a month during this span, particularly in the network software space. Wall Street rewarded the company for these acquisitions, which round out its network hardware offerings that currently comprise the vast majority of its revenues.

Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.