Cisco shares saw a massive surge of around 100,000% after its IPO, earning the company the title of “the backbone of the Internet.” Despite facing a setback in the dot-com collapse, Cisco started paying dividends in 2011. An initial $1,000 investment in its IPO could now be generating $26,240 annually. The company’s stock price has experienced significant growth, with shares worth $1,357,120 at Friday’s close. While Cisco wasn’t listed among the 10 best stocks to buy now by The Motley Fool Stock Advisor, it remains a strong contender in the market.

Read more at Nasdaq: Cisco Shares Went Public 36 Years Ago. If You’d Invested $1,000 Then, Here’s How Much You’d Have Today.