MYSTERIOUS: Cisco sets a new 20 year high will csco stock climb even higher - What They Never Told You

Cisco (CSCO) has surged to a new 20-year high, briefly touching $79.50 on Nov. 13 after posting quarterly results that once again topped Wall Street’s expectations. Shares closed more than 4.6% higher as CSCO’s management raised full-year revenue and earnings outlook. Investor confidence has been further supported by the company’s steady expansion in recurring business, a key indicator of long-term stability.

Cisco reported total remaining performance obligations (RPO) of $42.9 billion, representing a 7% increase from the previous year. Product-related RPO was even stronger, rising 10%, with the long-term portion climbing 13% to $11.8 billion. Annualized recurring revenue (ARR) continues to trend higher as well, ending the quarter at $31.4 billion, up 5%, while product ARR expanded 7%.