Is CSCO a good stock to buy?
We came across a bullish thesis on Cisco Systems, Inc. on r/investing_discussion by Variant_Invest
In this article, we will summarize the bulls’ thesis on CSCO. Cisco Systems, Inc.’s share was trading at $118.33 as of May 26th. CSCO’s trailing and forward P/E were 39.44 and 24.94 respectively according to Yahoo Finance.
Photo by Markus Spiske on Unsplash Cisco Systems, Inc. designs, develops, and sells technologies that help to power, secure, and draw insights from the internet in the Americas and internationally. CSCO is widely viewed by the market as a slow-moving legacy networking incumbent that missed the cloud transition and was outcompeted for years by more agile peers. That perception frames it as a low-growth, hardware-heavy business with limited relevance in the current artificial intelligence infrastructure cycle.