2024-04-12 06:01:43 ET
Summary
- While many tech stocks are selling at lofty valuations, others such as Cisco have fallen into value stock territory.
- Cisco shares today trade well below their 2000 peak, even as revenues and earnings per share are far higher today.
- I believe the company's move into more recurring revenue businesses and adjacent fields such as cybersecurity will pay off over the longer term.
- Cisco is a relative bargain compared to its sector today and offers a respectable dividend yield as well.
It's interesting how market cycles play out. 25 years ago, Cisco Systems ( CSCO ) was arguably the hottest stock in the world. At one point, it briefly obtained the title of being America's largest market cap company with its valuation touching $500 billion at the peak....
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Cisco: A Solid Value In The Mega-Cap Tech Space