You'll Be Surprised at the Size of Cisco's War Chest
When investors think of Cisco (NASDAQ: CSCO), they probably think of a dull, mature tech company that barely generates any growth with its aging businesses of routers and switches. They'd be partly right -- Cisco's revenue fell 2.5% last year, and analysts anticipate just 0.3% growth this year.
Some bulls believe that the growth of Cisco's cybersecurity unit can eventually boost its revenues again, but that business grew just 3% last quarter. However, fewer bulls focus on Cisco's growing war chest, which has amassed enough cash to make significant changes to the company's core business.
Source: Getty Images.
Source: Fool.com
Cisco Systems Inc. Stock
€44.11
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With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 26.97% compared to the current price of 44.11 € for Cisco Systems Inc..
