A recent report filed by Colin Gillis, an analyst for BGC Partners (BGCP), predicted Google (GOOG) would beat Apple (AAPL) to a $1 trillion market cap valuation. In the past decade, the two tech companies have overtaken all Silicon Valley competition, and solidified their top spots as industry leaders. Currently, Apple has a market cap of roughly $640 billion, while Google maintains a $370 billion valuation.
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The Internet Of Everything
Last week, tech giant Cisco (CSCO) beat quarterly revenue estimates by $120 million and beat earnings guidance by $.03. Cisco issued its results in the late hours of May 14th, prompting an after-hours trading surge of Cisco stock. After closing at around $22.80 per share, Cisco opened on May 15th at over $24 and is now priced at $24.82. Additionally, Deutsche Bank upgraded Cisco to a “buy” rating, with a price target of $30.
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