From Nasdaq: 2024-04-09 18:23:41

Cisco Systems (CSCO) stock saw a 4% increase on Tuesday due to an analyst’s price target bump to $52 per share. The recent acquisition of cybersecurity company Splunk for $28 billion is expected to boost Cisco’s presence in the cybersecurity segment and improve future financial performance.

However, Cisco’s recent guidance has been mixed following its second-quarter earnings report, where it fell short on current-quarter and full fiscal-year guidance. Investors should weigh these factors before considering investing in Cisco Systems, as other stocks may offer better potential for returns according to The Motley Fool Stock Advisor team.

The Motley Fool Stock Advisor team has identified 10 stocks with potential for significant returns, with Cisco Systems not making the cut. Their service provides guidance on investing, portfolio building, and regular stock updates that have outperformed the S&P 500 since 2002. Investors should consider these factors before deciding on their investments.



Read more at Nasdaq: Why Cisco Systems Topped the Market on Tuesday