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Cisco Earnings: Buy the Dip?

TheMotleyFool

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Cisco Systems (NASDAQ: CSCO) posted fiscal first-quarter results in line with management's expectations. Yet, the stock dropped 5.5% the day after the report because of the underwhelming next-quarter outlook. So should investors stay away from the legacy tech giant, or should they take this opportunity to buy the dip?

Over the last several years, networking veteran Cisco has been transforming its hardware business that consists of selling devices that connect servers and data centers. As a result of internal developments and acquisitions, the company now proposes software subscriptions for collaboration solutions, cybersecurity offerings, cloud monitoring capabilities, and more.

Image source: Getty Images.

Source Fool.com

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