Update: Poll results are in. And most everyone likes Cisco after earnings.
- Buy - earnings were great, more upside ahead - 69.3%
- Who doesn't like the dividend? - 25%
- The space is competitive, best bet is to avoid - 3.6%
- Cisco is at a top - time to sell - 2.1%
Thanks to everyone who participated in today's poll. Keep the conversation going. And make sure to look for more Market Challenge next week!
While some tech giants struggled during earnings season, Cisco (NASDAQ:CSCO) delivered for investors.
Earlier this week, the company reported strong fiscal third quarter results with an EPS beat and revenue of $12 billion topping estimates by $30 million. The numbers also came with strong guidance for the current quarter. In addition, the company received a handful of analyst upgrades.
Do the better-than-expected numbers and positive outlook make the stock a buy?
D.M. Martins Research likes Cisco's progress with services and software. Analysts at Robert Baird, which this week raised their price target on CSCO shares to $32 from $30, suggested the company is "better positioned" for public cloud and software-defined opportunities.
Is Cisco a buy? Or a stock to avoid? Offer your analysis below!