#6 - Cisco Systems (NASDAQ:CSCO)
Cisco Systems (CSCO) - Cisco (NASDAQ:CSCO) is another example of a company that has reinvented itself. The former hardware intensive company has pivoted to a software-as-a-service (SaaS) model. This puts it in a sweet spot to support the growth in artificial intelligence and IoT applications that will come with 5G technologies.
Cisco hardware and software will be used to protect connections and networks. The company is looking to build off its best fiscal year in 5 years (relative to sales and net income). Plus the company recently unveiled its Cisco 5G Power x. According to the company, this is an architecture that can used by any cellular, Wi-Fi, or internet protocol.
And Cisco is coming its strongest fiscal year in recent years and is displaying strong financials. The company’s adjusted earnings per share (EPS) has grown over sevenfold since dipping below $10 in 2002. The company also has a digestible P/E ratio of 19.4 (at one point it was over 200).
About Cisco Systems
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.
Read More - Current Price
- $58.52
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $60.28 (3.0% Upside)
