Cisco Systems (CSCO) is attractive for those looking for a tech stock with a good dividend. CSCO pays 3.05%.
CSCO is long from $35.92. It is trading at $43.76 as of this writing.
CSCO reported earnings in line with consensus but less than the whisper numbers. This is the reason the stock is falling. CSCO is making a transition from a hardware company to a company with a significant software component. As there is a better recognition of the strategy, the stock will move towards $50. The very long term target is $54 to $58.