Better Buy: Cisco Systems, Inc. vs. General Electric
Both Cisco (NASDAQ: CSCO) and industrial giant GE (NYSE: GE) are in the midst of sweeping transformations. In Cisco's case, CEO Chuck Robbins is focused on paring overhead as it transitions away from legacy switches and routers to cloud Infrastructure as a Service (IaaS) and software sales to drive recurring revenue.
GE's many changes include tackling new markets such as the industrial Internet of Things (IoT). The transition GE is undergoing also includes a host of internal changes with new CEO John Flannery and pending CFO Jamie Miller, among others in an attempt to get back on track.
Image source: Getty Images.
Source: Fool.com
General Electric Co. Stock
€320.75
0.200%
Our community is currently high on General Electric Co. with 43 Buy predictions and 5 Sell predictions.
However, we have a potential of -5.85% for General Electric Co. as the target price of 302 € is below the current price of 320.75 €.
