I mean, always rent-seeking, always overpriced. My first exposure to the internet was through the network stacks of Solaris and the open source Linux and my first instinct was that high-priced routers didn't have to exist. That wasn't entirely right because those routers really do have accelerator hardware and are economical to handle high traffic volumes but the real thing that has kept Cisco going is that people know how to set up networks with their stuff.
I went to a conference put on by AWS where I skipped a lot of the overcrowded technical talks and went to more of the business talks particularly those who were selling AMIs (something I tried for a while) and the happiest people there were from Cisco who boasted that the AMIs they made running their network software where the most profitable product they'd ever made all on the strength of network admins who didn't want to learn anything new to move to the cloud.
When rent-seeking is so profitable you just can't afford to innovate, that's the problem.