Updated
Updated · MarketWatch · Apr 30
Cisco Systems stock hits new 52-week high
Updated
Updated · MarketWatch · Apr 30

Cisco Systems stock hits new 52-week high

5 articles · Updated · MarketWatch · Apr 30
  • Shares rose 2.15% to $91.50 on Thursday, marking a second straight gain as the S&P 500 climbed 1.02% and the Dow added 1.62%.
  • The move topped Cisco's previous 52-week peak of $90.45 set on 22 April, while trading volume reached 21.6 million shares, above its 50-day average of 21.3 million.
  • Against peers, Microsoft fell 3.93%, Amazon gained 0.77% and Broadcom rose 2.95%, leaving Cisco's performance mixed but stronger than the broader market's positive session.
Why is Wall Street rewarding Cisco with a record high despite a critical, state-sponsored security breach?
As Cisco builds our AI future, can it prevent backdoors from being built into its own foundational products?