Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, November 15, 2019

Article Excerpt

CISCO SYSTEMS INC., $45.09, Nasdaq symbol CSCO, is a buy for our subscribers. Through the stock, investors tap a global producer of hardware and software that links and manages computer networks. Cisco reported better-than-expected results for the quarter ended Oct. 26, 2019. However, its earnings outlook for the current quarter (ending January 31, 2020) fell short of the consensus estimate partly due to the U.S.-China trade dispute. That caused the stock to drop 5% this week. Meantime, investors continue to benefit as more of the company’s corporate customers shift their computing platforms to the cloud (remote servers that users access over the Internet). That has spurred demand for its networking gear and security software. In its fiscal 2020 first quarter, ended October 26, 2019, earnings rose 4.5%, to $3.61 billion from $3.45 billion a year earlier. Cisco spent $768 million on share repurchases in the quarter; as a result, earnings per share gained 12.0%, to $0.84 from $0.75, on fewer shares outstanding. Those figures exclude…