
NASDAQ:CSCO
This summary was created by AI, based on 16 opinions in the last 12 months.
Cisco (CSCO-Q) has shown notable performance this year, with a significant 62% increase, capturing attention for its dominance in the data center space. The company recently reported earnings of 1.06 USD per share, beating estimates, and revenue also surpassing projections. Despite its upward trajectory, experts suggest that concerns about high expectations for future earnings growth exist. Analysts highlight the company's strategic acquisition of Splunk, which enhances its security business and revenue potential. Overall, while some experts are optimistic about Cisco's future, a few recommend waiting for a pullback before making further investments.
He has a 1.8% position in his portfolio. They are skewed to the 5G movement. They have tried to do what MSFT did, ramping up software and cyber-security, but have not been as successful.
Take profits from Microsoft and buy Cisco? He has in the past, so it's not a bad idea to pare it down a bit. He also owns Cisco and sees nothing wrong with this strategy.
Fantastic entry point now for a great tech company. Growth and dividend growth are here. He also owns Microsoft, well-positioned and will grow, but not cheap now.