Cisco Systems (NASDAQ:CSCO) has seen a noteworthy
36% return in the past five years. Despite minor falls in its stock, compared to the market, investment attention has been attracting, especially as it transitions towards a subscription-based model. Cisco's board saw the resignation of Ekta Singh-Bushell and hints at shifts in its directorate. Despite its slips and the trimming of holdings by Brookstone Capital Management and UMB Bank,
Cisco still has strong backing with a reported 77% institutional ownership. Its CFO highlighted $100 million AI-driven sales as enterprises lean towards AI readiness. Analysts mostly hold an average 'hold' recommendation, with some speculating its stock set to rally.
Cisco is showing significant signs of recovery amid the AI buildout, and street analysts remain bullish on this cybersecurity stock. The company recently reported its fourth quarter and fiscal year 2024 earnings. Future gains are expected with the Splunk deal and higher software sales, while international sales may pose risks. The stock remains a top pick among dividend-paying options, despite some investors opting for more attractive opportunities. An analyst predicts strength as it may 'quietly' climb higher while showing resilience and heralding new beginnings.
Cisco Systems CSCO News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Sat, 12 Oct 2024 14:06:37 GMT -
Rating 5
- Innovation 2
- Information 6
- Rumor -3
