Tag: Yahoo Finance

For Cisco Stock, Stability Is the New Sexy

For a boring company like Cisco Systems (NASDAQ:CSCO), it enjoyed a solid performance in 2019. Last year, Cisco stock returned nearly 17% for stakeholders. Granted, it's not an earth-shattering figure. As a telecommunications equipment specialist, Cisco isn't exactly a sexy organization. However, it's a name you may want to keep in the backburner.Source: Anucha Cheechang / Shutterstock.com Before I get into the bullish argument for Cisco stock, let me acknowledge the reservations many investors have. To start off, some folks are skeptical of the underlying company's growth narrative. As an example, Cisco generated top-line sales of $13.2 billion in the most recent quarter ending Oct. 31, 2019. That represented only a modest 0.7% lift from the year-ago quarter.Now, no one is suggesting that Cisco stock is a growth monster. But without an overriding catalyst, it's hard to get the markets excited about the networking giant. That's probably one of the reasons...