Shares of network gear maker Cisco Systems Inc. (NASDAQ:CSCO) touched a record high on Wednesday, surpassing its dot-com peak for the first time in 25 years.

Cisco Hits New Record Amid Comeback

Cisco’s stock closed 0.93% higher at $80.25, marking a nearly 1% increase and surpassing its previous split-adjusted record of $80.06, which was achieved on March 27, 2000— the same day Cisco briefly surpassed Microsoft (NASDAQ:MSFT) to become the world's most valuable publicly traded company.

Cisco briefly became a star of the internet boom thanks to soaring demand for its networking gear, but its rise quickly reversed when the dot-com bubble burst, wiping out much of its market value. After ...