5 Reasons to Stick With Cisco After Its Soft Second-Quarter Report
Cisco Systems' (NASDAQ: CSCO) stock price recently swooned after the networking giant posted its second-quarter earnings report. Its revenue dipped 0.4% year over year to $11.96 billion, which cleared estimates by $100 million but marked its fifth straight quarter of declining sales.
Its adjusted earnings rose 3% to $0.79 per share, buoyed by tighter spending and buybacks, and beat estimates by four cents. Those tepid growth rates explain why Cisco's stock price has stayed nearly flat over the past 12 months.
Despite these issues, I still believe investors should stick with the tech giant, for five reasons.
Source Fool.com
