This Top Dividend Stock Is Cheap Right Now, but Is It a Buy?
Cisco Systems (NASDAQ: CSCO) was on shaky ground before the novel coronavirus pandemic struck thanks to a cyclical slowdown in cloud infrastructure spending and the U.S.-China trade war that led to a considerable drop in its revenue from Chinese customers last year.
But Cisco management seems confident that its business will start picking up the pace in the wake of the COVID-19 outbreak as organizations ramp up their spending on information technology (IT) infrastructure. This should pique the interest of income-oriented investors as Cisco is one of the top dividend-paying stocks in tech that also trades at an attractive valuation. Will Cisco be able to able to turn crisis into opportunity and put behind its mediocre stock market performance? Let's find out.
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Source Fool.com
