"Sometimes favored but other times reviled, Cisco Systems ( NASDAQ:CSCO) is a technology firm that never ceases to garner interest. Cisco stock is always in motion, but the burning question is whether the share price will be higher or lower in five years' time. At the very least, bulls and bears must concede that Cisco has come a long way since the dot-com-era days. Today, Cisco is a strong networking/communications technology market contender that's deeply immersed in artificial intelligence (AI)."
"Notably, Cisco's trailing 12-month price-to-earnings (P/E) ratio is 21.44x, which is 8.43% below the sector average. To put it another way, Cisco appears to be reasonably valued and you don't have to worry about buying at the top now. On its multi-year trajectory, CSCO stock has the potential to double to $150 in five years - and wouldn't you rather get in at $75 than at $85?"
Cisco Systems has transitioned from dot-com-era perceptions to a modern networking and communications leader with deep involvement in artificial intelligence. CSCO stock rallied strongly over the past 18 months, experienced a recent pullback from $85 to $75, and delivered multi-year upside momentum. The trailing 12-month P/E is 21.44x, about 8.43% below the sector average, indicating reasonable valuation. Cisco yields nearly 2% forward annual dividend. On a multi-year trajectory, the share price has potential to reach $150 in five years, and dividend reinvestment could further enhance total returns for long-term investors.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]