Is Cisco Systems Stock a Buy?
Cisco Systems' (NASDAQ: CSCO) stock hit a two-year high after the networking giant posted its fourth-quarter earnings report on Aug. 18. Investors seemed impressed by Cisco's second straight quarter of year-over-year revenue growth (which followed a five-quarter streak of revenue declines) as well as its rosy outlook for fiscal 2022.
Cisco's mature business, low forward P/E ratio of 17, and high forward dividend yield of 2.7% also likely made it more appealing than frothier tech stocks -- many of which tumbled this year amid concerns about their valuations, losses, and tougher post-pandemic comparisons. But is Cisco still worth buying after it rallied more than 30% over the past 12 months? Let's take a closer look at its recovery to decide.
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Source Fool.com
