2024-06-20 00:47:18 ET
Summary
- Cisco Systems stock peaked at $64 in 2021, now trading around $45, potentially undervalued.
- Earnings estimates show growth potential, trading at low multiples, strong balance sheet, and dividend yield of 3.5%.
- Investments in AI, humanoid robots, and connected devices could drive future growth, similar to Microsoft's past trajectory.
My last article on Cisco Systems ( CSCO ) (CSCO:CA) was bullish and published back in December 2013, when it was trading for about $20. Since then, Cisco Systems shares peaked out at around $64 in 2021. But now, the stock is back down to around $45, so I decided to take a closer look at the potential opportunities this company might have going forward, especially with AI and humanoid robots. I think the market is underestimating the potential that Cisco Systems has going forward, much like it did with Microsoft ( MSFT ) a few years ago. We have seen so many tech stocks fall out of favor, only to become resurgent, popular with investors, and highly valued again. I think Cisco Systems could be a prime candidate to be revalued at much higher levels in the future, so let's take a closer look:...
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For further details see:
Cisco Systems: AI And Humanoid Robots Could Fuel A Microsoft-Like Resurgence