Cisco Systems

Cisco Systems, Inc.
Company typePublic
IndustryNetworking hardware & software
FoundedDecember 10, 1984; 40 years ago (1984-12-10) in San Francisco, California, United States
Founders
Headquarters
San Jose, California
,
United States[1]
Area served
Worldwide
Key people
ProductsList of Cisco products
Revenue
  • Increase US$12.77 billion (2018)[2]
  • Decrease US$110 million (2018)[2]
Total assets
  • Decrease US$108.78 billion (2018)[2]
Total equity
  • Decrease US$43.20 billion (2018)[2]
Number of employees
74,200 (2018)[2]
SubsidiariesList of acquisitions by Cisco Systems
Websitecisco.com

Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley.[3] Cisco develops, manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products.[4] Through its numerous acquired subsidiaries, such as OpenDNS, WebEx, Jabber and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security and energy management.[5]

Cisco stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ-100 Index and the Russell 1000 Growth Stock Index.[6]

Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists.[7] They pioneered the concept of a local area network (LAN) being used to connect geographically disparate computers over a multiprotocol router system. By the time the company went public in 1990, Cisco had a market capitalization of $224 million.[8] By the end of the dot-com bubble in the year 2000, Cisco had a more than $500 billion market capitalization.[9]

References

  1. ↑ "Contact Cisco". Retrieved March 1, 2017.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "Cisco Systems, Inc. 2018 Annual Report Form (10-K)" (PDF). U.S. Securities and Exchange Commission. August 2018. Retrieved April 1, 2018.
  3. ↑ ""Cisco, Form 10-K, Annual Report, Filing Date Sep 12, 2012"" (PDF).
  4. ↑ "Cisco, Form 10-K, Annual Report, Filing Date Sep 12, 2012" (PDF). secdatabase.com. Archived from the original (PDF) on July 12, 2019. Retrieved March 25, 2013.
  5. ↑ "Cisco Systems | 2021 Fortune 500". Fortune. Archived from the original on 2023-03-23. Retrieved 2022-05-03.
  6. ↑ Browning, E.S. (June 1, 2009). "Travelers, Cisco Replace Citi, GM in Dow". Wall Street Journal. Dow Jones & Company, Inc. Retrieved June 2, 2009.
  7. ↑ Toscano, Paul (2013-04-17). "Tech Companies Are Doing It Wrong: Cisco Co-Founder". www.cnbc.com. Retrieved 2022-05-03.
  8. ↑ "Cisco ascends to most valuable company". CNET. Retrieved 2022-05-03.
  9. ↑ "Cisco pushes past Microsoft in market value". CBS Marketwatch. March 25, 2000. Retrieved January 25, 2007.