Cisco Systems (NASDAQ: CSCO), like many companies this year, reported a year-over-year revenue decline -- in this case, for its third quarter ended April 25. Few can expect to avoid the economic impact of the coronavirus pandemic.
But not all of Cisco's revenue drop is attributable to the pandemic. The company's stock hit a 52-week high of $58.26 on July 16 last year, but soon after, Cisco reported a slowdown in business due to macroeconomic factors such as the trade war with China. The stock has remained consistently below $50 since then, and hovers around $45 as of this writing.
So is now the time to buy Cisco? A deep dive into the company can answer that question.
Source Fool.com