You'll Be Surprised at the Size of Cisco's War Chest
When investors think of Cisco (NASDAQ: CSCO), they probably think of a dull, mature tech company that barely generates any growth with its aging businesses of routers and switches. They'd be partly right -- Cisco's revenue fell 2.5% last year, and analysts anticipate just 0.3% growth this year.
Some bulls believe that the growth of Cisco's cybersecurity unit can eventually boost its revenues again, but that business grew just 3% last quarter. However, fewer bulls focus on Cisco's growing war chest, which has amassed enough cash to make significant changes to the company's core business.
Source: Getty Images.
Source: Fool.com
Cisco Systems Inc. Stock
€43.78
0.520%
With 11 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 56 € shows a positive potential of 27.91% compared to the current price of 43.78 € for Cisco Systems Inc..
