Cisco Systems Inc. is the largest company in the hardware networking market. As of the third quarter of 2020, Cisco's global Ethernet switch market share stood at 49.9%, indicating the company’s dominating position in the industry. The company has been growing significantly owing to pandemic-related tailwinds, as the remote lifestyle has accelerated the demand for internet equipment and electronics across the world.
As the global economy gradually reopens following mass vaccination drives, tech stocks including Cisco have been losing momentum as people are investing in value stocks with huge upside potential. However, Cisco is one of the interesting stocks to watch, as the benefits of a remote working structure are expected to help it recover.