Cisco System`s stock soars 56%.

4 years ago

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After dropping from its record high back in April to it`s lowest point at the end of July, Cisco Systems has bounced back tremendously. The networking equipment manufacturing giant saw it`s stocks plunge continuously from the beginning of April until the end of July. The sudden rise in their stock may be due to their orders for new equipment rose in China and America by 2% at the beginning of the 4th quarter. Also a large restructuring of the company has also made it look much better in investor`s eyes. Cisco is predicting that the rest of the 4th quarter could see another 4% jump is sales and stock.

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