This should be a big winner as enterprise computing comes back this year as the economy reopens further. Right now is a classic buy on weakness. They report Wednesday. He expects a good quarter. Cisco makes networking hardware and software for big companies. Sold in the last week at his price target.
Massive supplier into 5G. Fantastic earnings. He'd look to get back in at the mids. You'll probably see an opportunity later this year. Decent dividend yield of 2. Pays a decent dividend and trades around 19x PE. It will benefit when 5G comes along. There's a lot of money for broadband growth coming as we transition to 5G networks. Not a pricey stock, but he sees more growth in software stocks.
CSCO will do better though given 5G. Is Cisco a good investment or a top pick? Why is Cisco stock dropping? The stock was recently down 0. Also read : Cisco investors spooked by supply-chain concerns, despite a return to growth.
The target is also now the highest of the 29 analysts surveyed by FactSet. The upgrade comes a day after Cisco hosted its Investor Day, at which the company updated its total addressable market and issued new revenue and profit growth guidance through fiscal New Ventures.
Search Search:. Aug 20, at PM. Author Bio Leo is a tech and consumer goods specialist who has covered the crossroads of Wall Street and Silicon Valley since His wheelhouse includes cloud, IoT, analytics, telecom, and gaming related businesses.
Follow him on Twitter for more updates! Key Points Cisco just posted its second straight quarter of positive sales growth. The stock still looks cheap, and could be a good defensive play as macroeconomic uncertainties rock frothier tech stocks. Image source: Getty images. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Join Stock Advisor Discounted offers are only available to new members. Stock Advisor launched in February of So, this combination makes it difficult to conclusively predict that Cisco will beat the consensus EPS estimate.
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors.
Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Cisco doesn't appear a compelling earnings-beat candidate.
However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cisco Systems, Inc.
Given the company's impressive Qualcomm, NetApp, and Cisco don't seem too exciting -- but they can all provide stable returns and dividends if the market melts down.
Buffett is betting big on his favorite company.
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