Is Cisco Systems Stock a Buy Now?
Cisco Systems' (NASDAQ: CSCO) stock rose 4% during after-hours trading on Wednesday, Aug. 17, following its earnings report for its fiscal fourth quarter and the full year 2022. Revenue for the networking hardware and software maker stayed nearly flat from a year ago at $13.1 billion, but still exceeded analysts' estimates by $320 million. Adjusted earnings dipped 1% to $0.83 per share, which topped the consensus forecast by a penny.
Cisco's growth looked anemic, but the company expects it to accelerate again throughout fiscal 2023. Let's review its core growth, challenges, and valuations to see if it's a worthwhile investment.
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Source Fool.com
