Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization. In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and network assurance. Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.

finviz dynamic chart for CSCO

Company Overview

  • Market Cap: 190.522 billion
  • PE Ratio: 15.98
  • EPS: 2.96
  • Dividend Yield: 3.38%
  • Number of Hedge Fund Investors: 58

Cisco Systems, Inc. is a leading provider of networking and IT solutions worldwide, offering products in switching, enterprise routing, wireless access, and computing systems. Cisco has been consistent in its dividend payments for 14 years and has increased them for 13 consecutive years. In February, Cisco raised its quarterly dividend by 2.6% to $0.40 per share, or $1.60 annually, yielding 3.38%. Over the past year, Cisco reported $55.3 billion in revenue and $12.1 billion in net income.

Cisco Systems launched a $1 billion investment fund that would invest in AI startups. It has also announced a new partnership with Nvidia to simplify the development of generative AI applications. Wall Street considers Cisco Systems is a promising AI stock, thanks to Cisco Systems’ $28 billion acquisition of Splunk. Cisco Systems expects the AI switching market to exceed $10 billion in the next three years. Cisco Systems has several AI-focused products, including AI-native cybersec solution Hypershield, AI assistants and other AI infrastructure solutions. Therefore, Cisco Systems is the best AI tech stock with a reliable dividend for long term investors.

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