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Is Cisco Systems (CSCO) Stock a Solid Choice Right Now?

Zacks Equity Research
Updated

One stock that might be an intriguing choice for investors right now is Cisco Systems, Inc. CSCO. This is because this security in the Computer Networks space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Computer Networks space as it currently has a Zacks Industry Rank of 46 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Cisco Systems is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

CISCO SYSTEMS Price and Consensus

CISCO SYSTEMS Price and Consensus | CISCO SYSTEMS Quote

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In fact, over the past month, current quarter estimates have risen from 53 cents/share to 55 cents/share, while current year estimates have risen from $2.11/share to $2.13/share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider Cisco Systems. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
 
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