Paul Dykewicz and Hilary Kramer
Cisco Systems’ stock price climb and dividend yield offer appeal for investors who want to buy shares in a technology stock that will pay them to stay patient amid any upcoming market pullbacks.
Cisco Systems Inc. (NASDAQ:CSCO), a developer, manufacturer and seller of networking hardware, telecommunications equipment and other high-technology services and products, overcame the challenge of trade tariffs in its previous quarter and may be able to do again. The company’s top leaders mitigated almost the entire effect of 25 percent tariffs by improving its supply chain position and by selectively boosting its prices, Goldman Sachs wrote.
The success allowed Cisco Systems’ management team to raise the guidance for its 2019 fourth fiscal quarter that will close on July 27 and led Goldman Sachs analysts to write that the forecast could be “conservative.” Goldman Sachs affirmed its “buy” rating on Cisco Systems and its 12-month target price on the company of $62, or 13.62 percent above the stock’s closing price of $54.74 on July 1.
Chart courtesy of stockcharts.com
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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter@PaulDykewicz.
