Can Cisco Stock Rebound To $60?

NEW YORK, NEW YORK - MAY 21: Chuck Robbins, Chair and CEO, Cisco speaks onstage during The Wall ... [+] Street Journal's Future of Everything Festival at Spring Studios on May 21, 2024 in New York City. (Photo by Dia Dipasupil/Getty Images)Getty ImagesCisco stock currently trades at $48.50 per share, roughly 17% below its pre-inflation shock high of $58.70 seen on December 29, 2021. Cisco’s product sales have witnessed a slowdown as customers focused on utilizing the inventory purchased post the Covid-19 pa ...