Cisco Systems (CSCO) highlighted as affordable and potential buy, ranked 5th on list of cheap NASDAQ stocks.

From Yahoo Finance: 2025-04-22 10:57:00

In a recent list of 11 Cheap NASDAQ Stocks to Buy According to Hedge Funds, Cisco Systems, Inc. (NASDAQ:CSCO) was highlighted for its affordability and potential compared to other cheap NASDAQ stocks.

Dan Ives, Head of Global Tech Research at Wedbush Securities, warned of major volatility in the tech sector due to ongoing uncertainty and tariff concerns. Companies are downsizing tech purchases, leading to a pause in spending and potential weak earnings in the coming months.

Ives predicted a 10% earnings cut for internet and big tech companies, reflecting the broader pullback in spending and expected ongoing volatility. Street estimates are likely to see downward revisions in the near future.

Cisco Systems, Inc. (NASDAQ:CSCO) is ranked 5th on the list of cheap NASDAQ stocks to buy according to hedge funds, with a forward P/E ratio of 14.12 and 84 hedge fund holders. The company focuses on providing high-performance networking solutions, particularly in AI infrastructure.

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Cisco Systems, Inc. (NASDAQ:CSCO) with a price target of $75, citing the Cisco and NVIDIA partnership and the unveiling of a new AI factory architecture. The company is on track to exceed $1 billion in AI infrastructure orders in FY2025.



Read more at Yahoo Finance: Is Cisco Systems (CSCO) a Cheap NASDAQ Stock to Buy According to Hedge Funds?