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Share price of Cisco shares rise by $3,000

Share price of Cisco shares rise by $3,000

Share price and earnings growth of Cisco Systems have hit record highs, with the stock up by $6,000 in the past 24 hours.

Shares of Cisco stock have risen nearly 11 per cent in the last two months, up from a low of $25 in the third quarter of 2018.

It has increased by an additional $3.3 billion, according to FactSet.

Cisco shares closed at $34.79 on Wednesday, with a 52-week high of $38.75.

Shares in other companies have also surged in the wake of Cisco’s share price rises.

Shares gained 8 per cent for Caterpillar and 5 per cent at Amazon.

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The tech giant has risen more than 60 per cent over the last 12 months, and Amazon.com shares have more than doubled in price.

Shares for Cisco were up 3 per cent last week and are up 13 per cent since the start of 2018, according for FactSet, although the tech giant shares are down in recent months.CNBC has been following the rise and fall of Cisco.