Is Cisco Systems Stock a Buy Now?
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
