ANET - Cisco Systems: Strong Fundamentals & Growth Potential Make This 3.2%Yield Attractive

2024-05-18 10:00:00 ET

Summary

• Cisco Systems' Q3 earnings showed a slight increase in revenue and beat analysts' expectations on both the top and bottom lines.
• The company's product revenue declined during the quarter, but is expected to show growth with the recent close of their acquisition Splunk.
• Cisco's well-covered dividend and frequent buybacks make it an attractive investment, especially with its low forward P/E ratio.
• I expect the company to get back to solid growth in 2026 & beyond.
• CSCO also offers strong upside potential for long-term investors. This growth can will likely lead to higher dividend increases.

Introduction

Cisco Systems ( CSCO ) is a company that's long been on my radar. And although I never watched them too closely, I've always kept an ear to their earnings and briefly reviewed their financials. I was actually a shareholder briefly a while back before selling my position. ...

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