Cisco remains focused on transitioning to a more software-centric business model. Infrastructure Platforms division has been the most impacted by COVID-19, with sales declining 16% year over year in the fiscal first quarter (end 31th July). The company expects demand to rebound as customers adopt a hybrid model of coming into the office as well as working from home. This is a great solid company with low debt and an interesting dividend yeld. We could set a target price in the area 56.00/60.00 Usd per share .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.