This post was just published on ZYX Buy Change Alert.
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.
The ‘Buy Now’ rating is a ‘YES’ for those looking for a slow mover with a good dividend.
The buy zone is $40 to $43.86.
What To Do Now
Those in the stock may continue to hold.
Those not in the stock may consider scaling in.
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