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Is Cisco Systems Stock a Buy Now?

TheMotleyFool

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Is Cisco Systems Stock a Buy Now?: https://g.foolcdn.com/editorial/images/721411/it-professional-server.jpg

Cisco Systems' (NASDAQ: CSCO) stock jumped 5% on Feb. 16 after the networking hardware and software giant posted its latest earnings report. For the second quarter of fiscal 2023, which ended on Jan. 28, Cisco's revenue rose 7% year over year to $13.6 billion and beat analysts' estimates by $190 million.

Its adjusted earnings rose 5% to $0.88 per share and cleared the consensus forecast by two cents. Those growth rates seem steady, but is Cisco's stock still worth buying as a safe haven play in a volatile market?

Image source: Getty Images.

Source Fool.com

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