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Is Cisco Systems Stock a Buy?

TheMotleyFool

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For the fourth consecutive quarter, Cisco Systems' (NASDAQ: CSCO) revenue declined year over year. And the midpoint of management's next-quarter revenue guidance range is leading again to a decreasing top line.

However, Cisco's stock price corresponds to modest expectations, and the tech giant is stabilizing its business as it is transitioning to a subscription-based and software-as-a-service (SaaS) portfolio. So is Cisco stock a buy?

During the fiscal first quarter, ending on Oct. 31, Cisco's revenue fell 9% year over year to $11.9 billion, which compares well to management's forecast drop of 9% to 11%. But that remains a meaningful decline.

Source Fool.com

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