에 대한 최신 뉴스 Cisco Systems (NASDAQ:CSCO) 주식

Cisco Systems

Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.

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2024년은 기술 산업에서 눈에 띄는 대조를 보였다. 테슬라(NASDAQ:TSLA)가 대규모 해고를 주도하여 인력의 14%를 감축하는 동안 애플(NASDAQ:AAPL) 및 알파벳(NASDAQ:GOOG) (NASDAQ:GOOGL)과 같은 다른 거대 기술 기업들은 임원 급여를 수백만 달러 인상하느라 바쁘다.

테슬라가 감원하는 동안 애플, 알파벳은 임원 급여를 수백만 달러 인상

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엔비디아(NASDAQ:NVDA)는 닷컴 붐을 연상시키는 인공지능(AI) 칩에 대한 수요에 힘입어 세계에서 가장 가치 있는 상장 기업으로 떠올랐다.

엔비디아의 부상은 닷컴 붐 시대와 닮았지만, 전 시스코 CEO는 이번에는 &#39;다른&#39; 것이라고

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거대 반도체 기업인 엔비디아(NASDAQ:NVDA)가 분석가들의 추정치를 뛰어넘는 1분기 재무결과를 발표했다. 이 회사는 또한 10:1 주식 분할을 발표했는데, 이는 전 세계적으로 가장 오래되고 가장 많이 추종되는 주식 지수 중 하나에 편입될 가능성을 예고할 수 있는 움직임이다.

단독: 엔비디아의 다우존스 지수 포함은 &#39;언제&#39;? - 인텔을 대체할까?

Cisco Systems Inc

In today's fast-paced and highly competitive business world, it is crucial for investors and industry followers to conduct comprehensive company evaluations. In this article, we will delve into an extensive industry comparison, evaluating Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) in relation to its major competitors in the Communications Equipment industry. By closely examining key financial metrics, market standing, and growth prospects, our objective is to provide valuable insights and highlight company's performance in the industry.
<h3>Cisco Systems Background</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cisco Systems Inc</td>
<td>15.97</td>
<td>4.16</td>
<td>3.48</td>
<td>4.1%</td>
<td>$3.45</td>
<td>$8.27</td>
<td>-12.83%</td>
</tr>
<tr>
<td>Motorola Solutions Inc</td>
<td>47.81</td>
<td>123.81</td>
<td>6.47</td>
<td>-6.27%</td>
<td>$0.05</td>
<td>$1.19</td>
<td>10.04%</td>
</tr>
<tr>
<td>Nokia Oyj</td>
<td>24.16</td>
<td>0.94</td>
<td>0.96</td>
<td>2.08%</td>
<td>$0.66</td>
<td>$2.23</td>
<td>-20.34%</td>
</tr>
<tr>
<td>Juniper Networks Inc</td>
<td>53.19</td>
<td>2.65</td>
<td>2.22</td>
<td>-0.02%</td>
<td>$0.04</td>
<td>$0.68</td>
<td>-16.25%</td>
</tr>
<tr>
<td>F5 Inc</td>
<td>20.69</td>
<td>3.44</td>
<td>3.70</td>
<td>4.11%</td>
<td>$0.17</td>
<td>$0.54</td>
<td>-3.1%</td>
</tr>
<tr>
<td>Ubiquiti Inc</td>
<td>25.69</td>
<td>347.05</td>
<td>4.70</td>
<td>1503.1%</td>
<td>$0.12</td>
<td>$0.17</td>
<td>7.69%</td>
</tr>
<tr>
<td>Ciena Corp</td>
<td>45.43</td>
<td>2.36</td>
<td>1.68</td>
<td>-0.58%</td>
<td>$0.04</td>
<td>$0.39</td>
<td>-19.58%</td>
</tr>
<tr>
<td>Calix Inc</td>
<td>121.49</td>
<td>3.02</td>
<td>2.32</td>
<td>0.01%</td>
<td>$0.0</td>
<td>$0.12</td>
<td>-9.48%</td>
</tr>
<tr>
<td>Harmonic Inc</td>
<td>19.52</td>
<td>3.39</td>
<td>2.41</td>
<td>-1.91%</td>
<td>$-0.01</td>
<td>$0.06</td>
<td>-22.57%</td>
</tr>
<tr>
<td>Digi International Inc</td>
<td>60.47</td>
<td>1.52</td>
<td>1.93</td>
<td>0.73%</td>
<td>$0.02</td>
<td>$0.06</td>
<td>-3.1%</td>
</tr>
<tr>
<td>Aviat Networks Inc</td>
<td>24.72</td>
<td>1.35</td>
<td>0.88</td>
<td>1.33%</td>
<td>$0.01</td>
<td>$0.04</td>
<td>33.7%</td>
</tr>
<tr>
<td>Average</td>
<td>44.32</td>
<td>48.95</td>
<td>2.73</td>
<td>150.26%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>-4.3%</td>
</tr>
</tbody>
</table>
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 </style>Through a detailed examination of Cisco Systems, we can deduce the following trends: 
<ul>
<li>
The stock's Price to Earnings ratio of 15.97 is lower than the industry average by 0.36x, suggesting potential value in the eyes of market participants.
</li>
<li>
Considering a Price to Book ratio of 4.16, which is well below the industry average by 0.08x, the stock may be undervalued based on its book value compared to its peers.
</li>
<li>
The stock's relatively high Price to Sales ratio of 3.48, surpassing the industry average by 1.27x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
The company has a lower Return on Equity (ROE) of 4.1%, which is 146.16% below the industry average. This indicates potential inefficiency in utilizing equity to generate profits, which could be attributed to various factors.
</li>
<li>
Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $3.45 Billion, which is 31.36x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
With higher gross profit of $8.27 Billion, which indicates 15.04x above the industry average, the company demonstrates stronger profitability and higher earnings from its core operations.
</li>
<li>
The company is witnessing a substantial decline in revenue growth, with a rate of -12.83% compared to the industry average of -4.3%, which indicates a challenging sales environment.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720105241_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio provides insights into the proportion of debt a company has in relation to its equity and asset value.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing Cisco Systems in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
<ul>
<li>
Among its top 4 peers, Cisco Systems is placed in the middle with a moderate debt-to-equity ratio of 0.7.
</li>
<li>
This implies a balanced financial structure, with a reasonable proportion of debt and equity.
</li>
</ul>
<h3>Key Takeaways</h3>
For Cisco Systems, the PE and PB ratios are low compared to peers, indicating potential undervaluation. However, the high PS ratio suggests overvaluation based on revenue. The low ROE and revenue growth, along with high EBITDA and gross profit, may indicate operational efficiency but limited growth potential in the Communications Equipment industry.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Inquiry Into Cisco Systems's Competitor Dynamics In Communications Equipment Industry

Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) revealed 12 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 16% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $511,394, and 6 were calls, valued at $407,137.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $60.0 for Cisco Systems during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Cisco Systems's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cisco Systems's whale trades within a strike price range from $40.0 to $60.0 in the last 30 days. 
<h3>Cisco Systems Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719950496_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$0.71</td>
<td>$0.68</td>
<td>$0.68</td>
<td>$45.00</td>
<td>$142.8K</td>
<td>9.7K</td>
<td style="text-align: right;">351</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.4</td>
<td>$10.25</td>
<td>$10.25</td>
<td>$57.50</td>
<td>$140.4K</td>
<td>122</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5.85</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$45.00</td>
<td>$120.9K</td>
<td>544</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.28</td>
<td>$2.27</td>
<td>$2.28</td>
<td>$50.00</td>
<td>$118.6K</td>
<td>2.1K</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/12/24</td>
<td>$0.85</td>
<td>$0.85</td>
<td>$0.85</td>
<td>$47.50</td>
<td>$105.5K</td>
<td>186</td>
<td style="text-align: right;">18</td>
</tr>
</tbody>
</table>

<h3>About Cisco Systems</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
<h3>Current Position of Cisco Systems</h3>
<ul>
<li>Trading volume stands at 8,312,634, with CSCO's price down by -0.43%, positioned at $47.31.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cisco Systems options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Unpacking the Latest Options Trading Trends in Cisco Systems

The U.S. stock market&#8217;s recent surge, fueled by the <a href="https://www.benzinga.com/topic/ai-stocks">promise of artificial intelligence</a>, is drawing comparisons to the dot-com bubble of the late 1990s. This has raised concerns about another overvaluation scenario.
What Happened: The current stock market rally, largely attributed to the excitement surrounding AI, has sparked memories of the dot-com bubble, reported Reuters. The S&amp;P 500 index has hit new highs, rising over 50% from its October 2022 low, while the Nasdaq Composite index has seen a 70% increase since the end of 2022.
Despite this, stock valuations and investor enthusiasm have not yet reached the levels seen during the dot-com era. However, the market is currently dominated by a small group of tech giants, with AI chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) leading the pack.
The staggering surge in Nvidia shares, which soared nearly 4,300% over the past five years, has drawn comparisons to the meteoric rise of network equipment maker Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), which saw its stock climb about 4,500% over five years before peaking in 2000, according to a BTIG analysis.
&#8220;No one exactly knows what will happen with artificial intelligence,&#8221; Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute said, highlighting the similar uncertainty regarding the eventual long-term winners.
While the financial stability of today&#8217;s tech champions seems to be stronger than that of their dotcom counterparts, there are still concerns that the AI-driven surge could end in a similar crash. The IT sector has swelled to 32% of the S&amp;P 500&#8217;s total market value, the highest percentage since 2000.
Mike O&#8217;Rourke, chief market strategist at JonesTrading, thinks the current stock market bull run has a &#8220;lot of similarities&#8221; with the dot-com era rally. However, there could be still some momentum left, since the S&amp;P 500&#8217;s price-to-earnings ratio is still at 21, while it was hovering near 25 between 1999 and 2000, according to Datastream, the report said.
&#8220;Our base case is that this tech bubble won&#8217;t burst until the valuation of the overall market has reached the sort of level that it did in 2000,&#8221; Capital Economics analysts said in a note.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563622/is-kamala-harris-the-answer-to-joe-bidens-shortcomings-poll-hints-at-voter-sentiment-toward-poss?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Kamala Harris The Answer To Joe Biden&#8217;s Shortcomings? Poll Hints At Voter Sentiment Toward Possible Re</a>
Why It Matters: The current situation in the stock market has been a subject of debate among experts. While some, like economist Harry Dent, have been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39257592/economist-warns-crash-of-a-lifetime-is-coming-predicts-s-p-500-to-plummet-86-from-t">predicting a major crash</a>, others like veteran analyst Gene Munster believe that the market will continue its <a href="https://www.benzinga.com/markets/equities/24/05/38910879/stock-market-to-rally-for-3-5-years-before-ai-bubble-bursts-predicts-veteran-analyst-gene-munste">bull run for another three to five years</a> before an AI bubble bursts.
Meanwhile, Keith Lerner, Chief Strategist and CIO at Truist, recently <a href="https://www.benzinga.com/markets/equities/24/07/39576920/as-nvidia-and-other-tech-stocks-soar-expert-downgrades-sector-amid-overvaluation-concerns">downgraded the tech sector from overweight to neutral</a>, citing concerns over its current valuation. This move comes amid the sector&#8217;s 11% outperformance of the market last month.
On the other hand, Dan Ives, a Wedbush analyst, has made a bold prediction for the second half of 2024, foreseeing a significant surge in tech stocks, particularly those driven by AI, which will drive tech fundamentals. He <a href="https://www.benzinga.com/markets/equities/24/06/39566594/nasdaq-to-surge-15-driven-by-ai-in-second-half-of-2024-predicts-wedbush-analyst-dan-ives-tech-bu">attributed this growth to the expanding use cases of AI</a>.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/06/39437268/the-rise-and-fall-of-pioneering-weed-markets-rip-california-and-colorado-cannabis-industries?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Rise And Fall Of Pioneering Weed Markets: RIP California And Colorado Cannabis Industries</a>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

AI Boom Spurs Nvidia-Led US Stock Market Rally, Experts Draw Parallels With Dotcom Bubble: 'No One Exactly Knows…'

The European Commission regulators are reportedly set to decide by August 1 on whether to approve Hewlett Packard Enterprise Company&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) <a href="https://www.benzinga.com/markets/equities/24/01/36571415/its-official-hewlett-packard-enterprise-buys-juniper-networks-in-a-massive-14b-deal">$14 billion acquisition</a> of Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>).
Announced in January, the deal aims to enhance Hewlett Packard Enterprise&#8217;s artificial intelligence offerings and expand its networking business, reflecting the strategic focus on AI as a key growth driver for many firms. Reuters reported the expected date, citing a filing on the Commission&#8217;s website on Friday.
The European Commission, serving as the EU&#8217;s competition watchdog, may approve the deal with or without conditions following its initial assessment, or initiate a comprehensive investigation.
Hewlett Packard Enterprise is anticipated to point to market leader and Juniper rival Cisco Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) to address EU competition concerns, per the report.
Additionally, the UK competition authority is reviewing the deal, expecting a decision by August 14.
The deal was for an all-cash transaction for $40.00 per share. The purchase price represents a premium of around 32% to the unaffected closing price of JNPR&#8217;s common stock on January 8, 2024, the last full trading day before <a href="https://www.benzinga.com//node/36557936" target="_blank" rel="noreferrer noopener">media reports regarding a possible transaction.</a>
Post transaction closure, Juniper CEO Rami Rahim will lead the combined HPE networking business and will report to HPE President and CEO Antonio Neri.
Also, the combination is expected to achieve operating efficiencies and run-rate annual cost synergies of $450 million within 36 months.&nbsp;
Price Action: HPE shares are trading higher by 0.08% to $21.06&nbsp;at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39545253/tractor-supply-company-shifts-focus-retires-dei-goals-amid-backlash-emphasizes-rural-america-pri" target="_blank" rel="noreferrer noopener">Tractor Supply Company Shifts Focus, Retires DEI Goals Amid Backlash, Emphasizes Rural America Priorities</a>
Photo via Shutterstock

Media

JNPR

European Commission To Decide On Hewlett Packard Enterprise's $14B Juniper Networks Acquisition By August 1: Details

Cisco Systems's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NYSE">CSCO</a>) short percent of float has risen 4.55% since its last report. The company recently reported that it has 55.56 million shares sold short, which is 1.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.04 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cisco Systems Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719510314_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cisco Systems has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cisco Systems's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cisco Systems's peer group average for short interest as a percentage of float is 9.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Cisco Systems's Recent Short Interest

Cisco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) has expressed optimism about its growing relationship with Chinese electric vehicle (EV) manufacturers, despite escalating trade tensions. The tech giant sees the EV sector as its second-largest in the region, with most of its revenue coming from manufacturing companies.
What Happened: Ming Wong, vice president and CEO of Cisco Greater China, stated that the company is currently collaborating with at least 10 electric car customers as they expand their factories, offices, and research and development centers overseas, CNBC<a href="https://www.cnbc.com/2024/06/25/cisco-is-very-optimistic-about-its-growing-business-with-china-evs-.html"> reported</a> on Wednesday.
Despite increased tariffs on Chinese EV imports by the U.S. and potentially the European Union, Chinese EV manufacturers continue to expand globally. Companies like BYD are investing in local factories, undeterred by the trade tensions.
"At least as of now, we don't hear anything from the [EV] customers saying that, ‘Oh, because of this, we need to stop investing, or we need to slow down,'" Wong said.
"It's actually the other way around. A lot of things happening. They will keep pushing, going forward, and we'll see how this will evolve."
See Also: <a href="https://www.benzinga.com/news/24/06/39450435/elon-musk-believes-pop-singer-justin-timberlake-could-have-avoided-dwi-charges-had-he-been-driving-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Believes Pop Singer Justin Timberlake Could Have Avoided DWI Charges Had He Been Driving A Tesla And Not BMW</a>
Wong remains hopeful that Cisco&#8217;s business in China can return to growth this year, as both state-owned and non-state-owned businesses turn to Cisco for their global expansion. Despite a 13% fall in total revenue in the latest quarterly reporting period, Wong expects the Asia-Pacific region to grow more quickly in the next one or two years.
Why It Matters: The optimism from Cisco comes despite a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38876203/how-cisco-systems-performed-ex-spunk-8-analysts-weigh-in-on-q3-earnings-heres-where">decline in its shares</a> after its fiscal third quarter results. Meanwhile, China has <a href="https://www.benzinga.com/markets/asia/24/06/39429812/china-invested-more-than-230b-over-last-decade-to-develop-its-ev-industry-study-finds">been investing heavily</a> in its EV industry, with more than $230 billion invested over the past decade. This investment has led to a rapid rise in China&#8217;s new industries, as stated by Premier Li Qiang at the World Economic Forum in Dalian, China. He defended China&#8217;s EV and lithium-ion battery industries against allegations of overcapacity and unfair subsidies from the West.
The ongoing trade tensions and potential tariffs on Chinese-made <a href="https://www.benzinga.com/markets/asia/24/05/38760872/us-ready-to-impose-new-tariffs-on-chinas-ev-solar-sectors-could-cause-more-severe-damage-than-last-t">EVs by the U.S</a>. and EU have not deterred the growth of Chinese EV manufacturers, nor Cisco&#8217;s optimism about its business ties with them.
Price Action: Cisco was trading 0.06% lower at $47.25&nbsp;on Tuesday&#8217;s pre-market after it closed at $47.28, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/24/06/39455125/spacex-gambled-with-starships-reentry-method-says-senior-exec-there-was-still-a-chance-that-this-wou?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX Gambled With Starship&#8217;s Reentry Method, Says Senior Exec: &#8216;There Was Still A Chance That This…Would Fundamentally Not Work&#8217;</a>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Asia

Global

Cisco 'Very Optimistic' About Growth In Chinese EV Market Despite Trade Tensions

The year 2024 has seen some eye-popping contrasts in the tech industry. While Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is leading massive layoffs, cutting 14% of its workforce, other tech giants such as Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) are busy bumping up executive <a href="https://www.benzinga.com/quote/TSLA/news">salaries by millions</a>.
<h1 class="wp-block-heading">Tesla's Massive Layoffs</h1>
Let&#8217;s start with Tesla. The electric vehicle pioneer has slashed 14,500 jobs, a 14% reduction in its workforce. CEO Elon Musk cited inefficiencies as the reason behind the cuts, though plans to reinstitute stock options for exceptional performance were also mentioned.
But Tesla isn&#8217;t alone — other big names in tech are trimming their workforce too, including Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>).
More Details: <a href="https://www.benzinga.com/top-stories/24/06/39457749/tesla-leads-2024-us-tech-layoffs-so-far-followed-by-dell-cisco-xerox-paypal-microsoft">Tesla Leads 2024 US Tech Layoffs So Far, Followed By Dell, Cisco, Xerox, PayPal, Microsoft</a>
<h1 class="wp-block-heading">Contrasts In The Tech Industry</h1>
While Tesla and its peers are tightening their belts, Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) are going in the opposite direction. They've been handing out hefty raises to their top executives. CFOs at these tech giants have seen their compensation packages balloon, thanks to generous stock-based incentives, as <a href="https://www.wsj.com/articles/meet-the-highest-paid-cfos-of-2023-1b8e7748?mod=latest_headlines">reported</a> by WSJ.
This surge in pay is largely driven by stock awards and options, reflecting a strategy to retain top talent amid economic uncertainties.
This stark contrast between layoffs and executive pay raises underscores the growing divide in the tech industry. While thousands of employees face job insecurity, top executives are enjoying substantial financial rewards. 
<h1 class="wp-block-heading">Big Paydays For Apple, Alphabet Executives</h1>
Apple's Luca Maestri and Alphabet's Ruth Porat are among the highest-paid CFOs. Their pay hikes are part of a broader trend where median CFO compensation at top U.S. companies rose by 8.5% in 2023.
Apple's CFO saw a significant boost in compensation thanks to a surge in stock awards, reflecting the company's strong market position.
Porat saw her compensation package swell, driven by similar stock-based incentives. This trend of rewarding top executives handsomely, even as other parts of the company face cuts, is drawing increased attention and scrutiny from investors and employees.
<h1 class="wp-block-heading">Other Companies Joining The Pay Hike Bandwagon</h1>
It&#8217;s not just Apple and Alphabet. Other tech giants like Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) have also increased executive pay significantly.
<ul>
<li>Zoom's CFO Kelly Steckelberg saw a staggering rise in her compensation due to substantial stock awards, making her one of the highest-paid executives in the industry.</li>
<li>Walmart's CFO John David Rainey received a considerable pay package tied to his joining bonus and stock awards, reflecting the company&#8217;s efforts to attract top talent.</li>
<li>Similarly, AMD&#8217;s Jean Hu received a notable boost in her pay, highlighting the broader trend of rewarding executives handsomely despite economic uncertainties.</li>
</ul>
As 2024 progresses, the tech industry's approach to managing its workforce and rewarding its executives will continue to evolve. 
Companies like Apple and Alphabet, which are increasing executive pay amidst a wave of industry layoffs, highlight the ongoing challenges and disparities within the sector.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39459711/stock-market-has-a-bad-breadth-problem-again-veteran-wall-street-investor-warns">&#8216;Stock Market Has A Bad Breadth Problem Again,&#8217; Veteran Wall Street Investor Warns</a>
Photo: Shutterstock

While Tesla Slashes Jobs, Apple, Alphabet Raises Executive Salaries By Millions

In 2024, the U.S. tech industry has witnessed a wave of significant layoffs, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) leading the charge <a href="https://www.benzinga.com/news/24/05/38921912/tesla-layoffs-to-continue-through-june-morale-low-among-workers">with its strategic downsizing</a>.
According <a href="https://www.cnbc.com/2024/06/21/tesla-has-downsized-by-at-least-14percent-this-year-internal-number-shows.html">to</a> CNBC, citing internal data, the electric vehicle (EV) automaker reduced its workforce by at least 14% this year. This reduction slashed Tesla's global headcount to just over 121,000.
In April, Tesla CEO Elon Musk announced a company-wide cut exceeding 10% of its staff. By mid-June, internal records showed the workforce reduction reached at least 14%. Musk cited inefficiencies within the company as a driving factor behind these cuts.
Also Read: <a href="https://www.benzinga.com/news/24/06/39450435/elon-musk-believes-pop-singer-justin-timberlake-could-have-avoided-dwi-charges-had-he-been-driving-a">Elon Musk Believes Pop Singer Justin Timberlake Could Have Avoided DWI Charges Had He Been Driving A Tesla And Not BMW</a>
Musk has also mentioned plans to reinstitute stock options for exceptional performance.
While Tesla's layoffs have made headlines, several other tech giants have also undertaken significant workforce reductions so far this year.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Company</td>
<td># Total Laid Off YTD</td>
<td>%</td>
<td>Location HQ</td>
<td>Industry</td>
<td>Date(s)</td>
</tr>
<tr>
<td>1</td>
<td>Tesla</td>
<td>14500</td>
<td>10%</td>
<td>Austin</td>
<td>Transportation</td>
<td>14000 on 15/4/2024+ 500 on 30/4/2024</td>
</tr>
<tr>
<td>2</td>
<td>Dell</td>
<td>6000</td>
<td>5%</td>
<td>Austin</td>
<td>Hardware</td>
<td>25/3/2024</td>
</tr>
<tr>
<td>3</td>
<td>Cisco</td>
<td>4250</td>
<td>5%</td>
<td>SF Bay Area</td>
<td>Infrastructure</td>
<td>14/2/2024</td>
</tr>
<tr>
<td>4</td>
<td>Xerox</td>
<td>3000</td>
<td>15%</td>
<td>Norwalk</td>
<td>Hardware</td>
<td>3/1/2024</td>
</tr>
<tr>
<td>5</td>
<td>Microsoft</td>
<td>2900</td>
<td></td>
<td>Seattle</td>
<td>Other</td>
<td>1900 on 25/1/2024 + 1000 on 3/6/2024</td>
</tr>
<tr>
<td>6</td>
<td>PayPal</td>
<td>2585</td>
<td>9%</td>
<td>SF Bay Area</td>
<td>Finance</td>
<td>2500 on 30/1/2024 + 85 on 18/6/2024</td>
</tr>
<tr>
<td>7</td>
<td>Unity</td>
<td>1800</td>
<td>25%</td>
<td>SF Bay Area</td>
<td>Other</td>
<td>8/1/2024</td>
</tr>
<tr>
<td>8</td>
<td>Wayfair</td>
<td>1650</td>
<td>13%</td>
<td>Boston</td>
<td>Retail</td>
<td>19/1/2024</td>
</tr>
<tr>
<td>9</td>
<td>Expedia</td>
<td>1500</td>
<td>8%</td>
<td>Seattle</td>
<td>Travel</td>
<td>26/2/2024</td>
</tr>
<tr>
<td>10</td>
<td>Google</td>
<td>1000</td>
<td></td>
<td>SF Bay Area</td>
<td>Consumer</td>
<td>10/1/2024</td>
</tr>
</tbody>
</table>
</figure>
Source: Layoffs.fyi
Here's a look at the biggest layoffs so far in 2024:
<ol>
<li>Tesla: 14,500 jobs
<ul>
<li>Tesla&#8217;s workforce reduction follows a long period of growth and aims to streamline operations. The company&#8217;s first-quarter revenue dropped by 9%, reflecting increased competition and a maturing product lineup.</li>
</ul>
</li>
<li>Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>): 6,000 jobs
<ul>
<li>Dell, headquartered in Austin, Texas, announced layoffs affecting 5% of its workforce, citing a need to align its resources with market demands.</li>
</ul>
</li>
<li>Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): 4,250 jobs
<ul>
<li>Cisco's layoffs impacted 5% of its staff, primarily in the SF Bay Area, as the company navigates a challenging business environment.</li>
</ul>
</li>
<li>Xerox Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>): 3,000 jobs
<ul>
<li>Xerox, based in Norwalk, Connecticut, cut 15% of its workforce at the start of the year to restructure its operations.</li>
</ul>
</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 2,900 jobs
<ul>
<li>Microsoft announced layoffs on two separate occasions, reflecting ongoing adjustments to its workforce in response to market conditions.</li>
</ul>
</li>
<li>PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>): 2,585 jobs
<ul>
<li>PayPal&#8217;s layoffs, affecting 9% of its employees, were part of a broader strategy to streamline its business and improve efficiency.</li>
</ul>
</li>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>): 1,800 jobs
<ul>
<li>Unity, a game development company based in the SF Bay Area, reduced its workforce by 25% as it adapts to changing industry dynamics.</li>
</ul>
</li>
<li>Wayfair Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>): 1,650 jobs (13%) &#8211; January 19
<ul>
<li>Wayfair&#8217;s layoffs, affecting 13% of its staff, were driven by a need to align its resources with its strategic priorities.</li>
</ul>
</li>
<li>Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>): 1,500 jobs
<ul>
<li>Expedia&#8217;s workforce reduction, impacting 8% of its employees, was part of a restructuring effort to enhance operational efficiency.</li>
</ul>
</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 1,000 jobs
<ul>
<li>Google announced a workforce reduction affecting 1,000 employees, reflecting ongoing adjustments in response to market conditions.</li>
</ul>
</li>
</ol>
The tech industry continues to face significant challenges in 2024, with companies like Tesla, Dell and Cisco leading the layoff trend. 
As these organizations navigate a rapidly changing market, their workforce adjustments reflect broader shifts within the industry. Investors and employees alike are closely monitoring these developments as they unfold.
Read Next: <a href="https://www.benzinga.com/news/24/06/39452158/tesla-ceo-elon-musk-calls-for-legal-reform-on-class-action-lawsuits-serving-simply-to-enrich-law-fir">Tesla CEO Elon Musk Calls For Legal Reform On Class Action Lawsuits: &#8216;Serving Simply To Enrich Law Firms At The Expense Of The People&#8217;</a>

EXPE

Tesla Leads 2024 US Tech Layoffs So Far, Followed By Dell, Cisco, Xerox, PayPal, Microsoft

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and warrant attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to&nbsp;uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
Related Link: <a href="https://www.benzinga.com/exclusives/24/06/39234936/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-may-where-do-nvidia-tesla-gamestop-amc-ran">EXCLUSIVE &#8211; Top 10 Most Searched Tickers On Benzinga Pro In May: Where Do Nvidia, Tesla, GameStop, AMC Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week of June 21:
Zimmer Biomet Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>): The orthopedic and surgical equipment company saw strong interest from readers during the week. The company recently <a href="https://investor.zimmerbiomet.com/news-and-events/news/2024/06-12-2024">signed </a>an exclusive co-marketing agreement with RevelAi Health. The partnership will see Zimmer commercialize generative AI-powered engagement solutions with RevelAi a software-as-a-service health technology company that utilizes AI for healthcare providers.
"Our AI-enabled asynchronous care model delivers personalized, timely, and effective patient care while reducing clinician burnout. Our collaboration with Zimmer Biomet is a significant step towards ensuring that every patient receives the care they deserve," RevelAi Health CEO Christian Penn said.
Pure Storage Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>): The enterprise data storage company <a href="https://investor.purestorage.com/news-and-events/press-releases/press-release-details/2024/Pure-Storage-Platform-Arms-Enterprises-in-Fight-Against-Ransomware-with-Groundbreaking-New-Cyber-Resiliency-Services-and-Capabilities/default.aspx">announced </a>new efforts in cybersecurity and artificial intelligence. Pure Storage announced new efforts to help organizations reduce risk of cybersecurity incidents.
"As Pure Storage continues to revolutionize enterprise data storage, our mission remains: to provide a simple, flexible, and resilient as-a-service storage platform that not only addresses current data and storage management needs, but mitigates future risk and uncertainty," Pure Storage GM Digital Experience Prakash Darji said.
Pure Storage is <a href="https://investor.purestorage.com/news-and-events/press-releases/press-release-details/2024/Industry-First-Innovations-in-the-Pure-Storage-Platform-Help-Customers-Keep-Pace-with-AIs-Rapid-Evolution/default.aspx">building </a>its AI storage-as-a-service platform to help customers in the rapidly growing market. The company said the efforts will help IT and business leaders improve their AI deployment, improve cyber resilience and modernize their applications. Pure Storage said its AI copilot for storage is an industry first.
Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>): The alternative investment management company saw increased attention with minimal news. The company could be seeing increased attention as investors look for ways to capitalize on trends of real estate and alternative assets being <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39420831/move-over-stocks-wealthy-americans-are-turning-to-real-estate-crypto-and-watches-fo">more in favor</a> with younger investors.
Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>): The networking equipment company is seeing strong interest from readers. Cisco recently <a href="https://www.benzinga.com/markets/equities/24/06/39355023/cisco-partners-with-taiwan-to-combat-cyber-threats-report">partnered with Taiwan</a> on an effort to combat cybersecurity threats. Cisco's efforts come as the company works to enhance digital security infrastructure.
Bank of America analyst Tai Liani said Cisco's recent Investor Day highlighted its large addressable market and guidance <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39255969/cisco-systems-guidance-understates-new-growth-initiatives-says-bullish-analyst">may be conservative.</a> The analyst has a Buy rating and $60 price target.
The analyst said Cisco's guidance does not include growing opportunities like "AI networking."
Cisco recently announced plans to launch a $1 billion global investment fund targeting the AI sector, which could bring more interest to the stock from investors.
GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>): The aerospace company saw strong interest from readers, which comes as plans for its hybrid electric engines <a href="https://www.benzinga.com/news/24/06/39398463/ge-aerospace-aims-to-slash-carbon-emissions-in-sky-with-hybrid-electric-engines">garnered attention</a>. GE Aerospace is developing a hybrid electric engine that could power future airplanes. The company is working with NASA on the project and recently completed initial tests of the hybrid engine. According to a report, the hybrid electric engine could revolutionize the aerospace market through its carbon emissions reductions. GE could see strong interest from airplane companies for the engine given the new emission reductions. Several other companies are working on similar engines, which could make news that GE completed initial testing a positive news piece for investors in what could become a hot market.
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">&nbsp;top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/05/39114623/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">May 31</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/06/39229770/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">June 7</a></li>
<li><a href="https://www.benzinga.com/general/health-care/24/06/39337236/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">June 14</a></li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/39075223/pure-storage-stock-climbs-after-better-than-expected-q1-results">Pure Storage Stock Climbs After Better-Than-Expected Q1 Results</a>

PSTG

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) in comparison to its major competitors within the Communications Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is to provide valuable insights for investors and offer a deeper understanding of company's performance in the industry.
<h3>Cisco Systems Background</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cisco Systems Inc</td>
<td>15.53</td>
<td>4.05</td>
<td>3.38</td>
<td>4.1%</td>
<td>$3.45</td>
<td>$8.27</td>
<td>-12.83%</td>
</tr>
<tr>
<td>Motorola Solutions Inc</td>
<td>47.42</td>
<td>122.80</td>
<td>6.42</td>
<td>-6.27%</td>
<td>$0.05</td>
<td>$1.19</td>
<td>10.04%</td>
</tr>
<tr>
<td>Nokia Oyj</td>
<td>22.92</td>
<td>0.90</td>
<td>0.91</td>
<td>2.08%</td>
<td>$0.66</td>
<td>$2.23</td>
<td>-20.34%</td>
</tr>
<tr>
<td>Juniper Networks Inc</td>
<td>51.69</td>
<td>2.58</td>
<td>2.16</td>
<td>-0.02%</td>
<td>$0.04</td>
<td>$0.68</td>
<td>-16.25%</td>
</tr>
<tr>
<td>F5 Inc</td>
<td>20.35</td>
<td>3.39</td>
<td>3.64</td>
<td>4.11%</td>
<td>$0.17</td>
<td>$0.54</td>
<td>-3.1%</td>
</tr>
<tr>
<td>Ubiquiti Inc</td>
<td>25.06</td>
<td>338.45</td>
<td>4.58</td>
<td>1503.1%</td>
<td>$0.12</td>
<td>$0.17</td>
<td>7.69%</td>
</tr>
<tr>
<td>Ciena Corp</td>
<td>44.79</td>
<td>2.32</td>
<td>1.66</td>
<td>-0.58%</td>
<td>$0.04</td>
<td>$0.39</td>
<td>-19.58%</td>
</tr>
<tr>
<td>Calix Inc</td>
<td>124.12</td>
<td>3.08</td>
<td>2.37</td>
<td>0.01%</td>
<td>$0.0</td>
<td>$0.12</td>
<td>-9.48%</td>
</tr>
<tr>
<td>Harmonic Inc</td>
<td>18.18</td>
<td>3.16</td>
<td>2.25</td>
<td>-1.91%</td>
<td>$-0.01</td>
<td>$0.06</td>
<td>-22.57%</td>
</tr>
<tr>
<td>Digi International Inc</td>
<td>58.53</td>
<td>1.47</td>
<td>1.87</td>
<td>0.73%</td>
<td>$0.02</td>
<td>$0.06</td>
<td>-3.1%</td>
</tr>
<tr>
<td>Aviat Networks Inc</td>
<td>26.23</td>
<td>1.43</td>
<td>0.93</td>
<td>1.33%</td>
<td>$0.01</td>
<td>$0.04</td>
<td>33.7%</td>
</tr>
<tr>
<td>Average</td>
<td>43.93</td>
<td>47.96</td>
<td>2.68</td>
<td>150.26%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>-4.3%</td>
</tr>
</tbody>
</table>
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 </style>Upon a comprehensive analysis of Cisco Systems, the following trends can be discerned: 
<ul>
<li>
The Price to Earnings ratio of 15.53 is 0.35x lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
With a Price to Book ratio of 4.05, significantly falling below the industry average by 0.08x, it suggests undervaluation and the possibility of untapped growth prospects.
</li>
<li>
The stock's relatively high Price to Sales ratio of 3.38, surpassing the industry average by 1.26x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
The Return on Equity (ROE) of 4.1% is 146.16% below the industry average, suggesting potential inefficiency in utilizing equity to generate profits.
</li>
<li>
The company exhibits higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $3.45 Billion, which is 31.36x above the industry average, implying stronger profitability and robust cash flow generation.
</li>
<li>
The gross profit of $8.27 Billion is 15.04x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
</li>
<li>
The company's revenue growth of -12.83% is significantly below the industry average of -4.3%. This suggests a potential struggle in generating increased sales volume.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718895630_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
By analyzing Cisco Systems in relation to its top 4 peers based on the Debt-to-Equity ratio, the following insights can be derived:
<ul>
<li>
In the context of the debt-to-equity ratio, Cisco Systems holds a middle position among its top 4 peers.
</li>
<li>
This indicates a moderate level of debt relative to its equity with a debt-to-equity ratio of 0.7, which implies a relatively balanced financial structure with a reasonable debt-equity mix.
</li>
</ul>
<h3>Key Takeaways</h3>
For Cisco Systems, the PE ratio is low compared to peers, indicating potential undervaluation. The PB ratio is also low, suggesting a possible bargain opportunity. However, the PS ratio is high, which may indicate overvaluation based on revenue. In terms of ROE, Cisco Systems has a low return compared to peers, while EBITDA and gross profit are high, reflecting strong operational performance. The revenue growth rate for Cisco Systems is low compared to industry peers, potentially impacting future valuation.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Industry Comparison: Evaluating Cisco Systems Against Competitors In Communications Equipment Industry

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has emerged as the world&#8217;s <a href="https://www.benzinga.com/news/24/06/39386946/microsoft-apple-step-aside-nvidia-is-now-the-most-valuable-public-company-in-the-world">most valuable listed </a>company, driven by the demand for its artificial intelligence chips, reminiscent of the dot-com boom.
What Happened: Nvidia has ascended to the top spot, leading a tech boom that mirrors <a href="https://www.benzinga.com/markets/equities/24/03/37681909/nvidia-shares-could-double-or-triple-says-wharton-professor-drawing-parallels-to-ciscos-dot-com-">the dot-com era</a>, Wall Street Journal <a href="https://www.wsj.com/tech/ai/nvidias-ascent-to-most-valuable-company-has-echoes-of-dot-com-boom-dd836c90">reported</a> on Tuesday.
John Chambers, who was the CEO of Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) when it took the top spot at the height of the dot-com boom, noted parallels between the two periods. However, he emphasized that the dynamics of the AI revolution are distinct from previous tech booms such as the internet and cloud computing.
Chambers, now a venture investor, stated, &#8220;The implications in terms of the size of the market opportunity is that of the internet and cloud computing combined.&#8221; 
"The speed of change is different, the size of the market is different, the stage when the most valuable company was reached is different."
See Also: <a href="https://www.benzinga.com/news/24/06/39371057/elon-musk-echoes-nvidia-ceo-jensen-huangs-prediction-about-humanoid-robots-they-will-be-10x-more-com?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Echoes Nvidia CEO Jensen Huang&#8217;s Prediction About Humanoid Robots: &#8216;They Will Be 10X More Common Than Cars&#8217;</a>
Despite the surge in AI investments, some investors remain skeptical about the sustainability of this boom. Sequoia Capital estimates that Nvidia&#8217;s chips have attracted $50 billion in investments since the boom started, while generative AI startups have only generated $3 billion in sales.
Neil Shearing, Chief Economist at Capital Economics, warned that the &#8220;enthusiasm around AI has all the hallmarks of an inflating bubble&#8221; and predicted a period of significant underperformance for the U.S. market following the burst of this bubble.
Why It Matters: The AI-driven tech boom, as seen in the rise of <a href="https://www.benzinga.com/markets/equities/24/06/39321675/techs-ai-driven-strength-over-dows-blue-chips-tops-dot-com-era-peak-are-we-in-a-new-bubble">Nvidia and Apple Inc., </a>has been compared to the dot-com era. However, experts like John Chambers argue that the dynamics of the AI revolution are different, potentially leading to a larger market opportunity.
Despite the optimism, some market experts have raised concerns about the sustainability of this boom. Warnings of <a href="https://www.benzinga.com/top-stories/24/06/39365183/warning-flags-expert-says-nvidia-in-bubble-ish-territory-points-to-potential-market-pullback">potential market pullbacks</a> and the possibility of Nvidia being in &#8216;bubble-ish territory&#8217; have been flagged.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Nvidia&#8217;s stock was trading 3.54% higher on Thursday&#8217;s pre-market trading at $140.39&nbsp;after it closed at $135.58 on Tuesday.
Read Next: <a href="https://www.benzinga.com/news/24/06/39370205/michael-dell-says-generative-ai-tech-wave-sweeping-in-much-faster-than-early-internet-its-happening?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Dell Says Generative AI Tech Wave Sweeping In Much Faster Than Early Internet: &#8216;It&#8217;s Happening Maybe 10 Times Faster&#8217;</a>
Photo via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Nvidia's Rise Resembles Dot-Com Boom Era, But Former CISCO CEO Says Things Are 'Different' This Time

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/06/18/final-trades-amazon-bank-of-america-cisco-and-netflix.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said he still likes Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) despite the stock <a href="https://www.benzinga.com/markets/equities/24/06/39394913/amazon-slapped-with-5-9m-fine-for-violating-worker-quota-law-in-california-nearly-60k-times-over">trading lower on Tuesday</a>.
A California labor regulator fined Amazon $5.9 million for allegedly failing to inform workers of productivity quotas at two of its warehouses.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) has 3.5% yield and is trading at 12.8 times earnings.
Cisco is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. This initiative was unveiled on Monday as part of the company's ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat <a href="https://www.benzinga.com/markets/equities/24/06/39355023/cisco-partners-with-taiwan-to-combat-cyber-threats-report">levels, reported Reuters</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Stephanie Link of Hightower named Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) as her final trade.
On June 14, Keefe, Bruyette &amp; Woods analyst David Konrad upgraded Bank of America from Market Perform to Outperform and raised the price target from $37 to $46.
Joseph M. Terranova of Virtus Investment Partners picked Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
On Tuesday, Loop Capital analyst Alan Gould maintained Netflix with a Buy and increased the price target from $700 to $750. Netflix is expected to post its second quarter 2024 financial results on Thursday, July 18.
Price Action:
<ul>
<li>Amazon shares fell 0.7% to close at $182.81 during Tuesday's session.</li>
<li>Cisco shares rose 0.6% to close at $45.97 on Tuesday.</li>
<li>Bank of America gained 1.2% to close at $39.99 during Tuesday's session.</li>
<li>Netflix gained 1.5% to close at $685.67 on Tuesday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39379183/wall-streets-most-accurate-analysts-weigh-in-on-3-real-estate-stocks-with-over-8-dividen">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields</a>
Image: Shutterstock

Long Ideas

NFLX

Amazon, Netflix, Cisco And A Big US Bank: CNBC's 'Final Trades'

Charter Communications&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chtr#NASDAQ">CHTR</a>) division, Spectrum, has expanded its partnership with Magnite (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgni#NASDAQ">MGNI</a>) to enhance programmatic ad-buying across Spectrum Reach&#39;s extensive library of premium linear and streaming television inventory. 
This collaboration will extend the use of Magnite&#39;s technology, allowing targeted ads to be delivered in an automated and privacy-focused manner to consumers using the Spectrum TV App, which is the country&#39;s highest-rated pay TV streaming app and the most-viewed streaming service in the United States on an hours-per-household basis. 
The agreement enables MGNI&#39;s full programmatic capabilities to be applied to Spectrum&#39;s newest video delivery technology, permitting ad buyers to bid on individual impression opportunities in real-time. This system will also provide centralized planning and frequency management across both linear and digital platforms, enhancing the ability of advertisers to optimize their campaigns. 
Spectrum Reach offers custom advertising solutions for local, regional and national clients by utilizing aggregated and de-identified first-party data to reach audiences across various platforms. This expansive reach ensures that Spectrum Reach can deliver tailored advertising solutions that meet the diverse needs of its clients. 
This collaboration marks a significant step forward in the integration of linear and digital advertising, leveraging cutting-edge technology to create more efficient and impactful ad experiences.
<div class="chart_embed">
<h3>Charter Communications, Inc. Price and Consensus</h3>
<img alt="Charter Communications, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/26/1718796894.png" style="height:278px; width:620px" title="" />
Charter Communications, Inc. price-consensus-chart | Charter Communications, Inc. Quote
</div>
<h3>CHTR&#39;s Recent Expansion Efforts to Aid Top-Line Growth</h3>
Charter Communications has been constantly expanding its presence throughout the United States as well as introducing new features to its platform despite headwinds like cord-cutting. 
Shares of this Zacks Rank #3 (Hold) company have plunged 28.6% in the year-to-date period compared with the Zacks Consumer Discretionary sector&#39;s decline of 1.2%. The decline is attributed to persistent video-subscriber attrition, primarily due to cord-cutting. 
Charter Communications is dedicated to broadening its presence and customer base across the United States through continuous investments. The Zacks Consensus Estimate for Charter Communications&#39; fiscal 2024 revenues is pegged at $54.61 billion, indicating no change year over year. The consensus mark for earnings is pegged at $32.02 per share, indicating year-over-year growth of 6.77%.
Currently, Spectrum serves more than 32 million customers in 41 states nationwide. Spectrum recently expanded its coverage to include North Carolina, Tennessee, Michigan, Alabama and Florida. 
Spectrum recently introduced expanded chat-based technical support and billing assistance for its Internet, Video and Voice customers at its customer service facility in El Paso, TX, where hundreds of representatives utilize advanced tools to enhance efficiency and service quality. For nearly a decade, live agent chat services have been available to Spectrum Video and Internet customers, with the service extending to Spectrum Mobile customers in 2020. 
Charter Communications has also renewed its longstanding partnership with Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>). This multi-year distribution agreement includes PARA&#39;s entire array of linear cable networks, CBS-owned-and-operated broadcast stations and direct-to-consumer streaming services. The partnership is designed to increase consumer value, create new distribution opportunities and strengthen the video ecosystem, ultimately supporting top-line growth in the coming quarters. 
Charter Communication&#39;s Spectrum has a strong partner base that bodes well with the prospects of the company. Some notable partners include companies like Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>), RingCentral&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rng#NYSE">RNG</a>) and many more. 
Spectrum Enterprise Cloud Security, in partnership with Cisco+ Secure Connect, delivers a comprehensive platform for implementing security protocols across multiple cloud services and devices. This solution includes features, such as zero trust network access and cloud-based firewalls, enabling IT teams to maintain security compliance for both corporate and personal devices without the need to route remote and branch traffic through the corporate LAN. 
Additionally, Spectrum has collaborated with RingCentral to offer small and medium-sized businesses, as well as other enterprise clients, high-speed Internet and network solutions. This partnership also provides a secure and user-friendly communications platform, enhancing the overall connectivity and efficiency of these businesses.
<a href="https://www.zacks.com/stock/news/2290457/charter-communications-chtr-expands-partnership-with-magnite?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2290457">To read this article on Zacks.com click here.</a>

Earnings

Entertainment

Small Cap

Analyst Ratings

CHTR

MGNI

PARA

Charter Communications Expands Partnership With Magnite

CNBC Halftime Report Final Trades: Amazon.Com, Netflix, Bank Of America, Cisco Systems

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares are trading higher Monday afternoon. The significant rise follows the company&#8217;s second-quarter financial results, robust revenue guidance and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39354599/broadcoms-cutting-edge-ai-networking-technology-leaves-nvidia-marvell-cisco-behind-">the announcement of a 10-for-1 forward stock split.</a>
What To Know: In its second-quarter report, Broadcom exceeded expectations with earnings per share (EPS) of $10.96, compared to the estimated $10.84. Revenue also surpassed forecasts, coming in at $12.487 billion versus the expected $12.028 billion. 
Adding to the positive sentiment, Broadcom announced a 10-for-1 forward stock split, making its shares more accessible to a broader range of investors. This move is expected to increase liquidity and potentially attract more retail investors.
What Else: Broadcom&#8217;s continued dominance in the AI and datacenter networking market, highlighted by its innovative Tomahawk series, underscores its strong market position. The company&#8217;s advancements in AI networking technology place it ahead of competitors like Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)&nbsp; and Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), further solidifying its leadership in the industry.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39354599/broadcoms-cutting-edge-ai-networking-technology-leaves-nvidia-marvell-cisco-behind-">Broadcom&#8217;s Cutting-Edge AI Networking Technology Leaves Nvidia, Marvell, Cisco Behind: JPMorgan</a>
AVGO Price Action: Broadcom shares were up 5.20% at $1825.19 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17131532/AVGO-1-1024x520.png" alt="" class="wp-image-391885" style="width:663px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17131532/AVGO-1-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17131532/AVGO-1-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17131532/AVGO-1-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/17131532/AVGO-1.png 1084w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: Shutterstock.

Movers

AVGO

MRVL

Broadcom Shares Are Surging: What You Need To Know

Digital communications technology conglomerate Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce.
This initiative was unveiled on Monday as part of the company&#8217;s ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat levels, reported Reuters.
The decision follows continuous reports of cyberattacks targeting Taiwan, which authorities suspect originate from mainland China.
Despite China&#8217;s denial of such activities, the intensity of these cyber operations has prompted huge concerns.
As part of its broader &#8220;Taiwan Digital Acceleration Plan 3.0,&#8221; Cisco aims to address not only local cybersecurity needs but also a global shortage of skilled cybersecurity professionals.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39168076/whats-going-on-with-cisco-systems-stock-on-tuesday" rel="noreferrer noopener">Cisco launches $1B AI investment fund</a>
This strategic plan includes partnerships with Taiwanese tech associations to bolster threat intelligence and cyber readiness throughout the region.
During a press briefing, Guy Diedrich, Cisco&#8217;s Global Innovation Officer, highlighted that the investment in this project would be substantial, reflecting the company&#8217;s commitment to fostering a safe digital environment. However, specific financial details were not disclosed.
The initiative also extends to advancing digital technologies across various sectors, including transportation and sustainability operations at Kaohsiung port in southern Taiwan.
Cisco stock has lost more than 11% in the last 12 months. Investors can gain exposure to the stock via First Trust NASDAQ Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>) and IShares MSCI USA Value Factor ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/VLUE#BATS">VLUE</a>).
Price Action: CSCO shares are trading lower by 0.09% at $45.64 in premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38944368/ai-startup-scale-secures-1b-from-investors-including-amd-amazon-meta-doubling-valuation-to-13-8b" target="_blank" rel="noreferrer noopener">AI Startup Scale Secures $1B From Investors Including AMD, Amazon &amp; Meta, Doubling Valuation To $13.8B</a>
Photo via Shutterstock

CIBR

VLUE

Cisco Partners With Taiwan To Combat Cyber Threats: Report

Broadcom Inc. (NASDAQ) is not only holding its position in the datacenter and AI Ethernet switching market but is also making significant strides forward. With its stock currently trading at $1,735.04, Broadcom is expected to achieve notable gains, targeting a price of $2,000 by December, <a href="https://www.benzinga.com/quote/AVGO/analyst-ratings">according to JPMorgan.</a>
<h2 class="wp-block-heading">Dominating With 80% Market Share</h2>
According to analyst Harlan Sur of JPMorgan, Broadcom holds a commanding 80% market share in the $5-7 billion datacenter/AI Ethernet switching and routing chipset market. This dominance is largely due to its relentless innovation. Sur highlights the company's flagship Tomahawk series, which has consistently doubled performance every two years. The team continues to drive &#8220;a 2x Moore's Law like performance boost with its Tomahawk switching chipset,&#8221; said Sur.
Broadcom's lead is not just about performance. Sur points out that the company is ahead of competitors like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) in delivering cutting-edge networking silicon. &#8220;We believe 9-12 months ahead of NVIDIA and 12monthts+ ahead of Marvell and Cisco,&#8221; the analyst said.
This lead is fortified by Broadcom's robust R&amp;D scale and intellectual property, creating significant barriers to entry for competitors.
Also Read: <a href="https://www.benzinga.com/news/24/06/39348307/apple-and-broadcom-were-among-10-large-cap-stocks-with-biggest-gains-in-the-last-week-june-9-june-15">Apple And Broadcom Were Among 10 Large Cap Stocks With Biggest Gains In The Last Week (June 9-June 15, 2024): Are They In Your Portfolio?</a>
<h2 class="wp-block-heading">Next-Gen Marvel: Tomahawk 6</h2>
Sur notes that Broadcom will ship initial Tomahawk 6 chipsets in the second half of 2024, with full production ramping in 2025 and 2026. This 3nm chipset boasts a staggering 102.4Tbps switching throughput and 1.6Tbps optical connectivity. 
Such capabilities are critical for supporting the next generation of AI clusters, which include major players like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>), Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), ByteDance, and Tencent Holdings Ltd (OTCPK:TCEHY).
Sur expects Broadcom's AI networking silicon revenues to triple to over $3 billion in 2024, with a 50% growth projection for 2025. The 800Gbps optical upgrade cycle currently underway, along with the upcoming 1.6Tbps cycle starting with the Tomahawk 6 ramp, drives this surge.
<h2 class="wp-block-heading">&#8216;Two Steps Ahead Of Its Competitors&#8217;</h2>
Broadcom's roadmap extends beyond the Tomahawk 6. Sur mentions that the company is already in the design phase of its 2nm Tomahawk 7, ensuring it remains &#8220;one/two steps ahead of its competitors.&#8221;
As the cloud and hyperscale datacenter market grows at a projected 20-30% CAGR, Broadcom is well-positioned to retain its market leadership.
Broadcom's relentless innovation and strategic foresight make it a standout in the rapidly evolving AI and datacenter networking landscape. Investors should take note of this powerhouse as it continues to shape the future of technology.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39344508/as-apple-nvidia-trade-near-all-time-highs-jim-cramer-tells-investors-to-cash-in-on-">As Apple, Nvidia Trade Near All-Time Highs, Jim Cramer Tells Investors To Cash In On AI Stocks: &#8216;Let&#8217;s Not Be Too Greedy&#8217;</a>
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Analyst Color

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

ORCL

TCEHY

Broadcom's Cutting-Edge AI Networking Technology Leaves Nvidia, Marvell, Cisco Behind: JPMorgan

It has been about a month since the last earnings report for Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>). Shares have lost about 5.8% in that time frame, underperforming the S&amp;P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Cisco due for a breakout? Before we dive into how investors and analysts have reacted as of late, let&#39;s take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
<h3>Cisco Q3 Earnings Top Estimates, Revenues Down Y/Y</h3>
Cisco Systems reported third-quarter fiscal 2024 non-GAAP earnings of 88 cents per share, which beat the Zacks Consensus Estimate by 6.02%. The bottom line fell 12% year over year. 
Revenues decreased 12.8% year over year to $12.70 billion but beat the consensus mark by 1.71%. Product revenues (71% of total revenues) decreased 18.6% on a year-over-year basis to $9.02 billion. 
Splunk contributed $413 million of total revenues in the reported quarter. Networking revenues declined 27% year over year to $6.52 billion. Security revenues were $1.30 billion, up 36% year over year. Collaboration revenues were unchanged at $987 million. Observability revenues increased 27% to $211 million. 
Service revenues (29% of total revenues) inched up 5.7% year over year to $3.68 billion.&nbsp; 
Subscription revenues were $6.9 billion and accounted for 54% of total revenues.
Quarter in Detail
Region-wise, America&#39;s revenues decreased 15% year over year to $7.37 billion and missed the consensus mark by 0.7%. 
EMEA revenues declined 9% year over year to $3.46 billion but beat the consensus mark by 5.08%. 
APJC revenues decreased 12% year over year to $1.87 billion and missed the consensus mark by 1.79% 
Annualized recurring revenues came in at $29.2 billion, up 22% year over year. Product ARR surged 44% year over year. 
Non-GAAP gross margin expanded 310 basis points (bps) from the year-ago quarter&#39;s level to 68.3%. 
On a non-GAAP basis, the product gross margin expanded 240 bps to 66.9%. Service gross margin increased 430 bps to 71.6%. 
Non-GAAP operating expenses were $4.32 billion, down 5.1% year over year. As a percentage of revenues, operating expenses increased 280 bps year over year to 34%. 
Non-GAAP operating margin expanded 30 bps year over year to 34.2%.
<h3>Balance Sheet and Cash Flow</h3>
As of Apr 27, 2024, Cisco&#39;s cash &amp; cash equivalents and investments balance were $18.8 billion compared with $25.67 billion as of Jan 27, 2024. 
Total debt (short-term plus long-term) as of Apr 27, 2024, was $32 billion, higher than $11.61 billion as of Jan 27, 2024. 
Cash flow from operating activities was $4 billion, higher than the $0.8 billion reported in the previous quarter. 
The remaining performance obligations (&quot;RPO&quot;) at the end of the fiscal third quarter were $38.8 billion, up 21%, with 52% of this amount to be recognized as revenues over the next 12 months. Product RPO increased 29% year over year, while service RPO increased 14%. 
In the reported quarter, Cisco returned $2.9 billion through share repurchases and dividends. It bought approximately 26 million shares for $1.3 billion. The share repurchase program has $7.2 billion remaining under authorization.
<h3>Guidance</h3>
For fourth-quarter fiscal 2024, revenues are expected to be between $13.4 billion and $13.6 billion.
Non-GAAP gross margin is anticipated between 66.5% and 67.5% for the quarter. 
Non-GAAP operating margin is expected between 31.5% and 32.5% for the quarter. 
Non-GAAP earnings are anticipated between 84 cents and 86 cents per share. 
For fiscal 2024, revenues are expected between $53.6 billion and $53.8 billion. Non-GAAP earnings are anticipated between $3.69 and $3.71 per share.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
VGM Scores
At this time, Cisco has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren&#39;t focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Cisco has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Cisco belongs to the Zacks Computer - Networking industry. Another stock from the same industry, NETGEAR, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntgr#NASDAQ">NTGR</a>), has gained 14.2% over the past month. More than a month has passed since the company reported results for the quarter ended March 2024.
NETGEAR reported revenues of $164.59 million in the last reported quarter, representing a year-over-year change of -9%. EPS of -$0.28 for the same period compares with -$0.19 a year ago.
NETGEAR is expected to post a loss of $0.82 per share for the current quarter, representing a year-over-year change of -412.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.6%.
NETGEAR has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
<a href="https://www.zacks.com/stock/news/2288586/cisco-csco-down-5-8-since-last-earnings-report-can-it-rebound?cid=CS-BENZ-FT-realtime_blog-2288586">To read this article on Zacks.com click here.</a>

Guidance

NTGR

Cisco Down 5.8% Since Last Earnings Report: Can It Rebound?

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 7.26%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and lowered the price target from $18 to $17 on April 24. This analyst has an accuracy rate of 71%.</li>
<li>Credit Suisse analyst Shannon Cross maintained an Underperform rating and raised the price target from $9 to $11 on July 26. This analyst has an accuracy rate of 79%.</li>
<li>Recent News: On May 22, Xerox said its board of directors declared a quarterly dividend of 25 cents per share.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">latest Xerox's news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="679" height="748" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051656/Screenshot-2024-06-14-at-2.46.50-PM.png" alt="" class="wp-image-388452" style="width:480px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051656/Screenshot-2024-06-14-at-2.46.50-PM.png 679w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051656/Screenshot-2024-06-14-at-2.46.50-PM-272x300.png 272w" sizes="(max-width: 679px) 100vw, 679px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.02%</li>
<li>Citigroup analyst Asiya Merchant maintained a Buy rating and raised the price target from $35 to $37 on May 30. This analyst has an accuracy rate of 79%.</li>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and increased the price target from $30 to $33 on May 30. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On May 29, HP reported second-quarter FY24 results. Net revenue declined 0.8% Y/Y to $12.8 billion, beating the consensus of $12.6 billion..</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">Benzinga Pro's Insiders feature</a> helped track insider trading activity in HP's stock.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="609" height="740" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051537/Screenshot-2024-06-14-at-2.45.31-PM.png" alt="" class="wp-image-388451" style="width:481px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051537/Screenshot-2024-06-14-at-2.45.31-PM.png 609w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051537/Screenshot-2024-06-14-at-2.45.31-PM-247x300.png 247w" sizes="(max-width: 609px) 100vw, 609px" /></a></figure>
<h3 class="wp-block-heading">Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
<ul>
<li>Dividend Yield: 3.52%</li>
<li>Needham analyst Alex Henderson reiterated a Hold rating on June 10. This analyst has an accuracy rate of 80%.</li>
<li>Wells Fargo analyst Aaron Rakersmaintained an Equal-Weight rating and boosted the price target from $52 to $57 on May 16. This analyst has an accuracy rate of 87%.</li>
<li>Recent News: On June 4, Cisco Investments, the global venture arm of Cisco,has introduced a $1 billion AI investment fund to support startups and enhance the development of secure AI solutions.</li>
<li>Benzinga Pro's signals feature notified of a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061424&amp;t=be2bearmibe3na1">potential breakout in Cisco's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="663" height="747" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051347/Screenshot-2024-06-14-at-2.43.40-PM.png" alt="" class="wp-image-388449" style="width:502px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051347/Screenshot-2024-06-14-at-2.43.40-PM.png 663w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14051347/Screenshot-2024-06-14-at-2.43.40-PM-266x300.png 266w" sizes="(max-width: 663px) 100vw, 663px" /></a></figure>
Check This Out: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>

Dividends

Price Target

Pre-Market Outlook

Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields

Investors with a lot of money to spend have taken a bearish stance on Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CSCO, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Cisco Systems.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $279,264, and 2 are calls, for a total amount of $151,320.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $42.5 and $55.0 for Cisco Systems, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cisco Systems's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cisco Systems's significant trades, within a strike price range of $42.5 to $55.0, over the past month.
<h3>Cisco Systems 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718298999_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.9</td>
<td>$42.50</td>
<td>$117.0K</td>
<td>594</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$9.9</td>
<td>$9.8</td>
<td>$9.9</td>
<td>$55.00</td>
<td>$89.1K</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$10.0</td>
<td>$10.0</td>
<td>$10.0</td>
<td>$55.00</td>
<td>$70.0K</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$7.55</td>
<td>$7.4</td>
<td>$7.5</td>
<td>$52.50</td>
<td>$37.5K</td>
<td>490</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.9</td>
<td>$42.50</td>
<td>$34.3K</td>
<td>594</td>
<td style="text-align: right;">300</td>
</tr>
</tbody>
</table>

<h3>About Cisco Systems</h3>
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
<h3>Present Market Standing of Cisco Systems</h3>
<ul>
<li>Currently trading with a volume of 6,118,668, the CSCO's price is down by -0.5%, now at $45.39. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 62 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cisco Systems options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Cisco Systems's Latest Options Trends

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The size of the 5G services market is expected to grow from $98.3 billion in 2023 to more than $427 billion by 2028. That equates to forecast <a href="https://www.marketsandmarkets.com/Market-Reports/5g-services-market-226908556.html#:~:text=What%20is%20the%20market%20size,34.2%25%20from%202023%20to%202028.">compounding annual growth rates above 34%</a> in that period. Those strong figures underpin the need to consider <a href="https://investorplace.com/industries/communications/5g/">5G stocks</a> to watch.



Most investors associate 5G with mobile carrier networks. While that is where much of the opportunity lies, 5G also has applications in other markets. Agriculture, smart grids, and other systems will all benefit from the continued development of 5G.



The 5G opportunity reaches deep across the technology sector creating opportunities in hardware, software, chips, and more. It isn&rsquo;t simply about mobile networks by any means. That means there are a lot of stock opportunities that touch on 5G that some might not expect. Those hidden opportunities and the massive growth anticipated in 5G create exciting opportunities. Let&rsquo;s learn more about 5G stocks to watch that leverage those opportunities.



<h2>T-Mobile US (TMUS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/tmus-stock-3-300x169.jpg" alt="tmobile (TMUS) logo on an office building facade"><div>Source: Shutterstock </div></div>T-Mobile US (NASDAQ:<a href="https://investorplace.com/stock-quotes/tmus-stock-quote/">TMUS</a>) is one of the more prominent 5G stocks available to investors. It is a network service provider and, as such, is deeply exposed to the 5G opportunity. Readers will also note that it&rsquo;s the only pure play 5G opportunity on this list.&nbsp;



The primary reasons I think investors should consider T-Mobile US are all financial. Some impressive fundamentals lead me to believe that T-Mobile US is headed in the right direction. Due to those improvements, it should be able to capitalize on the 5G opportunity. The company made some impressive improvements in 2023.&nbsp;



Drastic reductions in the cost of revenue and other reduced expenses led to much higher operating income. The result was net income increased by nearly $6 billion in 2023. Meanwhile, T-Mobile US reduced the number of shares outstanding, leading to a bigger pot of earnings and fewer shareholders to pay. That all suggests that the stock will reward shareholders. As the 5G opportunity grows, that pot could grow as well.



<h2>Advanced Micro Devices (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/amd1600-300x169.png" alt="In this photo illustration, the AMD logo is shown on a smartphone screen."><div>Source: Pamela Marciano / Shutterstock.com</div></div>Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) is primarily known as an AI chip stock. Most of the potential and excitement around the stock stems from its positioning as the second-best AI chip maker on the market. However, AMD is also a company to watch concerning 5G.



AMD continues to <a href="https://news.samsung.com/global/samsung-and-amd-collaborate-to-advance-network-transformation-with-vran">collaborate with other well-known chip makers, including</a> Samsung. Those two firms are collaborating to advance 5G virtualized RAN. The virtualization of RAN is transforming <a href="https://www.samsung.com/global/business/networks/products/radio-access/virtualized-ran/#:~:text=Virtualized%20Radio%20Access%20Network%20(vRAN,hardware%20into%20agile%2C%20flexible%20software.">traditional Radio Access Network hardware into software</a>.&nbsp;



AMD is clearly, therefore, also a part of the development of low-latency, high-efficiency networks necessary for the continued development of 5G. Samsung is leveraging new AMD EPYC 8004 processors in the collaboration. Those sales are yet another reason to consider AMD at the moment. The company has a massive opportunity in data centers and all things AI. Yet, AMD is also at the forefront of technological development elsewhere.



AMD provides excellent exposure to multiple high-growth opportunities moving forward. 5G and AI are two of the more prominent opportunities in that regard.



<h2>Marvell Technology (MRVL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/marvell_technologies_mrvl1600-300x169.jpg" alt="image of the marvell (MRVL) technologies office campus"><div>Source: Michael Vi / Shutterstock.com</div></div>Marvell Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrvl-stock-quote/">MRVL</a>) primarily focuses on 5G semiconductor solutions. As this <a href="https://www.lightreading.com/semiconductors/marvell-serves-up-5g-gloom-as-results-disappoint">article notes</a>, the company is not particularly well-known outside of industry circles, but is a prominent supplier of 5G equipment. Its strong association and relationships within the 5G industry have been a blessing and a curse at the same time.



Marvell Technology is the only supplier of physical layer-up chips to Nokia (NYSE:<a href="https://investorplace.com/stock-quotes/nok-stock-quote/">NOK</a>). The company also made important connections with RAN leaders, including Samsung. As good as all of that sounds, the RAN market has suffered lately as the broader 5G opportunity continues to disappoint to a degree.&nbsp;



Analysts continue to be keen on Marvell Technology and its stock. The company is an auxiliary player in the AI market. Some of its digital signal processors connect GPUs that dominate the markets. Marvell Technology is more heavily associated with the 5G opportunity than the AI one.



If and when that opportunity reaches its potential, MRVL stock should grow rapidly.



<h2>Alphabet (GOOG,GOOGL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_1440200903-300x169.png" alt="Logo of Alphabet (GOOG) website displayed on the screen of the mobile device. alphabet logo visible on display of modern smartphone on white"><div>Source: turbaliska / Shutterstock.com</div></div>Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>)(NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) is such a large and expansive company that many of its opportunities often get lost. Yet, the stock is very much one to watch in relation to 5G.



One of the main reasons to watch Alphabet in relation to 5G is the delivery of wireless services to enterprise customers via the cloud. Cloud infrastructure is widely expected to play an integral role in the delivery of 5G wireless deployments. For that reason, the big three cloud operators are all expected to offer exposure to 5G opportunities.



The 5G opportunity is not the driving force behind GOOG stock and its success. Ad revenues from search are much more important to the company. Fortunately, the company has <a href="https://abc.xyz/assets/9c/12/c198d05b4f7aba1e9487ba1c8b79/goog-10-q-q1-2024.pdf">recovered there</a>. Google&rsquo;s Cloud segment also continues to grow, which is where much of that 5G opportunity lies. That means there are multiple reasons to consider investing in GOOG stock, 5G being one of them.



<h2>Rogers Communications (RCI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/rci-stock-1-300x169.jpg" alt="The logo for Rogers Communications displayed on an office building."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Rogers Communications (NYSE:<a href="https://investorplace.com/stock-quotes/rci-stock-quote/">RCI</a>) is a 5G stock to watch, but it generally doesn&rsquo;t get a lot of attention. Rogers Communications continues to be downplayed because it&rsquo;s a Canadian company. For better or worse, Canadian companies don&rsquo;t garner much attention in the U.S. stock market.



The company is a broad communications firm offering wireless, cable, voice and more. I believe that Rogers Communications is worth paying attention to for the growth the company has experienced over the past few years. <a href="https://stockanalysis.com/stocks/rci/financials/">Between 2020 and 2023</a>, overall revenues grew by nearly 40%.



Rogers Communications owns Canada&rsquo;s only true national 5G radio access network. Its 5G Network covers 2,200 communities across the nation. Rogers <a href="https://www.rcrwireless.com/20240201/5g/rogers-claims-first-network-slicing-trial-canada">secured nationwide 5G spectrum with its winning bid for 3.8 GHz spectrum in November 2023</a>. Its shares are rated a &ldquo;buy&rdquo; and <a href="https://stockanalysis.com/stocks/rci/forecast/">have the potential to double or more </a>over the next 12 to 18 months.&nbsp;



<h2>Cisco Systems (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/csco1600-300x169.jpg" alt="Where and Why You Can Steal Cisco Stock"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>Cisco Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) is a strong enterprise 5G provider. The company offers private 5G across a diversity of industries. It made a strong name for itself as an ultra-reliable hardware provider. Cisco also offers private 5G networks at the enterprise level.&nbsp;



Outside of the 5G opportunity, there are multiple reasons to consider Cisco Systems. The company is well known to be one of the more reliable tech <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a>, yielding 3.3%. Dividend yields of 3% aren&rsquo;t unusual, but that&rsquo;s relatively high in the tech world.



My colleague Charles Munyi noted that Cisco Systems is transforming into a recurring software business. That transition offers more predictable, recurring revenues. It is also less exposed to the cyclical ebbs and flows more commonly in the hardware industry. Better margins are another added benefit of a greater overall software exposure. Furthermore, Cisco Systems is exposed to data center AI growth through its switching business.&nbsp;



<h2>Iridium Communications (IRDM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/iridium-communications-irdm-1600-300x169.jpg" alt="the Iridium Satellite Communications logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>Iridium Communications (NASDAQ:<a href="https://investorplace.com/stock-quotes/irdm-stock-quote/">IRDM</a>) stock represents a firm that is part telecom company and part space company. The company provides voice and data communication services to governments, non-governmental organizations and consumers.&nbsp;



It also provides hosted payload services on satellites, satellite handsets, and other products and services that give it a firm footing in the space sector.



Early this year, the company announced that it plans to make its low Earth orbit constellation <a href="https://spacenews.com/iridium-pivots-to-standardized-direct-to-device-satellite-services/">compatible with 5G standards</a>.&nbsp;



Iridium Communications stands out to me for its fundamentals. The company has experienced strong top line growth <a href="https://stockanalysis.com/stocks/irdm/financials/">over the past five years</a>. However, it&rsquo;s the last three years that stand out to me. It is within that time frame that the company found overall profitability.&nbsp;



The company posted its first full year of net earnings in 2022, and those earnings nearly doubled in 2023. This suggests that Iridium Communications is a well-run company that is exposed to the emerging 5G opportunity.



On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-5g-stocks-youll-regret-ignoring-in-the-future/">7 5G Stocks You&#8217;ll Regret Ignoring in the Future</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With all the artificial intelligence-related (AI) fervor, several <a href="https://investorplace.com/industries/technology/">tech stocks</a> were offloaded by both retail and institutional investors. These oversold tech stocks then became somewhat overlooked by the majority of media outlets due to their lack of exciting progress toward an AI-centric goal. However, that does not mean they&rsquo;re bad investments. Rather, they simply are not part of the current success story driving the market.



Yet, they may still have genuine potential, and thanks to the increased selling trend, some might argue they are trading at a discount. In this article, we&rsquo;ll discuss three stocks that some analysts argue are trading at more than a 10% undervaluation compared to their intrinsic value.



In some cases, this discount can be a result of oversold positions or even overwhelmingly negative media coverage that has driven investors away from the stock. That said, just because a stock is at a discount does not mean it warrants a buy, rather it is a speculation on its potential to someday reach its intrinsic value.



<h2>HP (HPQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/hpq-stock-1-300x169.jpg" alt="HP sign with blue sky and autumn leaves as backdrop"><div>Source: Shutterstock</div></div>One of America&rsquo;s primary laptop, desktop and printer producers HP (NYSE:<a href="https://investorplace.com/stock-quotes/hpq-stock-quote/">HPQ</a>) has not received the attention and appreciation commensurate with its financial performance. Up only 13% for the last 12 months, many investors have seemingly shrugged off the 3.15% dividend it offers at an attractive <a href="https://www.google.com/finance/quote/HPQ:NYSE">11.87x price-to-earnings ratio</a>.



One reason why the company has not garnered as much attention as other personal computer (PC) makers like Dell Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/dell-stock-quote/">DELL</a>) and Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) is due to its relatively straightforward approach to AI. That&rsquo;s because the company has announced a full suite of AI PCs to a relatively unenthused consumer base.



Most Americans are not necessarily lining up to buy a laptop or desktop with AI functionality, particularly when most still don&rsquo;t have a habit of using it day-to-day. While that might change and propel HP stock upwards, most analysts agree the stock is undervalued as is, with Alpha Spread calculating it is <a href="https://www.alphaspread.com/security/nyse/hpq/summary">27% below intrinsic value</a>.



<h2>Cisco Systems (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/cisco-csco-1600-300x169.jpg" alt="the cisco (CSCO) logo on a wall"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>Cisco Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) has struggled to get attention over the last two decades since its big selloff following the dot-com crash. That has resulted in it falling among oversold tech stocks. Yet, the company has continued to work hard to stay relevant through experimental AI partnerships and exciting acquisitions.



From working with Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) to improve Webex, to acquiring Splunk, Cisco has begun to raise the question of whether or not it is undervalued. Some analysts argue yes. Taking a quick look at its metrics, the company&rsquo;s <a href="https://www.google.com/finance/quote/CSCO:NASDAQ?sa=X&amp;sqi=2&amp;ved=2ahUKEwjKnNevp4iHAxVmQVUIHRhECjMQ3ecFegQIYxAh">16x price-to-earnings ratio</a> suggests it is incredibly cheap at the moment. This factor is even more intriguing when compared to the broader tech industry which is full of overvalued stocks.



For CSCO, Alpha Spread calculates a <a href="https://www.alphaspread.com/security/nasdaq/csco/summary">3% undervaluation</a> from intrinsic value while the Globe Investor <a href="https://www.barchart.com/story/news/27001235/cisco-systems-top-25-undervalued-dow-jones-composite-index-stocks-csco#:~:text=Cisco%20Systems%20is%20now%20ranked,the%20Dow%20Jones%20Composite%20Index.&amp;text=Stocks%20in%20this%20market%20cap,the%20largest%20in%20their%20market.">calculates 10%</a>. In any case, I think CSCO has a lot of room left to grow as the tech world continues to rely on its cloud connection services.



<h2>Intel (INTC)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/intc.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/intc-300x169.png" alt="Intel (INTC) - Quantum Computing Stocks to Buy"></a>Opinions about Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) have ranged from bullish to excessively bearish over the last few months, and it&rsquo;s the latter opinion that has seen many investors scrambling to offload the stock. Year-to-date, INTC stock has lost <a href="https://www.google.com/finance/quote/INTC:NASDAQ?sa=X&amp;sqi=2&amp;ved=2ahUKEwiWz7TWq4iHAxULKBAIHXo3DE0Q3ecFegQIVhAh">over 35%</a> of its value. Part of this has been from abysmal losses related to chip manufacturing scrap rates while another part is due to intense investor selloffs.



As a result, the stock is trading very close to its 52-week low and could very well be in a great position for a turnaround performance. Here&rsquo;s why, chipmaking capacity. While Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) may be the current semiconductor industry sweetheart, it cannot manufacture the quantity of semiconductors <a href="https://www.spglobal.com/mobility/en/research-analysis/the-semiconductor-shortage-is-mostly-over-for-the-auto-industry.html#:~:text=Although%20the%20semiconductor%20crisis%20is,today%20than%20two%20years%20ago.">currently in demand</a>.



As a result, major fabless chip designers could eventually turn to Intel for fabrication services, which would catapult INTC&rsquo;s position in the market. It&rsquo;s hard to say how much lower INTC stock could go before it goes up, but there&rsquo;s a good chance it&rsquo;s one of the <a href="https://au.news.yahoo.com/finance/news/intel-intc-stock-undervalued-now-165004030.html#:~:text=Over%20the%20past%2052%20weeks,with%20a%20median%20of%206.86.&amp;text=These%20figures%20are%20just%20a,likely%20being%20undervalued%20right%20now.">undervalued </a>and oversold tech stocks at this point.



On the date of publication, Viktor Zarev&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Viktor Zarev is a scientist, researcher, and writer specializing in explaining the complex world of technology stocks through dedication to accuracy and understanding.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-oversold-tech-giants-trading-at-15-discounts-to-fair-value/">3 Oversold Tech Giants Trading at 15%+ Discounts to Fair Value</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Oversold Tech Giants Trading at 15%+ Discounts to Fair Value

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the S&amp;P 500 <a href="https://www.wsj.com/market-data/stocks/peyields">valued at 24.05x</a> its trailing 12-month earnings and 22.27x the 12-month forward estimate, it&rsquo;s not easy to find bargain <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a>. Especially, when you consider that its trailing 12-month P/E ratio a year ago was 19.61x, 18% cheaper than it is today.&nbsp;



While most people consider the S&amp;P 500 to be the ultimate blue-chip index, one could argue that an index like the CRSP US Mega Cap Index, the <a href="https://advisors.vanguard.com/investments/products/mgc/vanguard-mega-cap-etf">benchmark</a> for the Vanguard Mega Cap ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/mgc-stock-quote/">MGC</a>), would be a more appropriate choice.&nbsp;



That&rsquo;s because the median market capitalization of MGC is over <a href="https://www.morningstar.com/etfs/arcx/mgc/portfolio">$462 billion</a>. Compare this to <a href="https://www.morningstar.com/etfs/arcx/spy/portfolio">$314 billion</a> for the SPDR S&amp;P 500 ETF Trust (NYSEARCA:<a href="https://investorplace.com/stock-quotes/spy-stock-quote/">SPY</a>). &nbsp;&nbsp;&nbsp;



MGC has <a href="https://advisors.vanguard.com/investments/products/mgc/vanguard-mega-cap-etf#portfolio">206 stocks</a> compared to 506 for the S&amp;P 500. <a href="https://investorplace.com/industries/technology/">Tech stocks</a> account for 40.87% for the former and 32.77% for the latter. However, the next largest sector for MGC is consumer discretionary (13.59%), while the next highest for SPY is financials (12.41%).&nbsp;&nbsp;



It makes a slightly different portfolio composition. Based on MGC&rsquo;s top three sectors &mdash; the third is health care (11.94%) &mdash; let&rsquo;s examine three bargain blue chip stocks.&nbsp;&nbsp;&nbsp;



<h2>Cisco Systems (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/cisco-csco-1600-300x169.jpg" alt="the cisco (CSCO) logo on a wall"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>Cisco Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) has a weight of 0.45% in MGC. It has P/E and forward <a href="https://www.morningstar.com/stocks/xnas/csco/valuation">P/E ratios of 16.05x and 13.5x</a> and a $190 billion market cap. Both of these multiples are lower than the S&amp;P 500 and the company&rsquo;s five-year average.&nbsp;



Absolutely, Cisco stock has been in a funk the last five years, down nearly 17% over this period. It just can&rsquo;t seem to stay above $55 for more than a few weeks.&nbsp;And, analysts don&rsquo;t like it. Of the 28 that cover it, <a href="https://www.marketwatch.com/investing/stock/csco/analystestimates">just seven rate it a buy</a>, with a $53 target price, 12% higher than where it&rsquo;s currently trading.



Part of the problem, as several media outlets concur, is that the company&rsquo;s share price went <a href="https://www.marketwatch.com/story/is-nvidia-doomed-to-be-the-next-cisco-or-intel-heres-what-investors-need-to-know-f33172d2">too far, too fast</a> after going public in 1990. It jumped 1000x in the ten years leading up to the 21st century. Since it hit an all-time high around $80 in March 2000, it has never retested this level.&nbsp;



However, there&rsquo;s enough good news at the networking solutions provider, to give investors hope.&nbsp;



In June, it announced a <a href="https://investor.cisco.com/news/news-details/2024/CISCO-LAUNCHES-1B-GLOBAL-AI-INVESTMENT-FUND/default.aspx">$1 billion investment fund</a> to develop secure artificial intelligence (AI) solutions. As part of the fund&rsquo;s investments, it&rsquo;s investing in Cohere, Mistral AI, Scale AI and others to help its customers integrate AI into their businesses. These go along with 20 AI-focused acquisitions it has made in recent years.



With an attractive 3.4% dividend yield, get paid to wait for better days ahead for CSCO stock.



<h2>Starbucks (SBUX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/sbux1600b-300x169.jpg" alt="Learnin' From Luckin, Starbucks Stock Heats Up a Strategy"><div>Source: monticello / Shutterstock.com</div></div>I happened to watch the June <a href="https://www.acquired.fm/episodes/starbucks-with-howard-schultz">Acquired podcast</a> interviewing former Chief Executive Officer (CEO) Howard Schultz this past weekend. If you love Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>), it&rsquo;s a must-listen.&nbsp;



SBUX has a weight of 0.24% in MGC. It has P/E and forward P/E <a href="https://www.morningstar.com/stocks/xnas/sbux/valuation">ratios of 21.25x and 19.41x</a> and an $87 billion market cap. Both of these multiples are lower than the S&amp;P 500 and well below the company&rsquo;s five-year average. It&rsquo;s easily sporting the cheapest valuation it&rsquo;s had over the past five years.



The company is in the midst of <a href="https://www.cnbc.com/2024/07/01/inside-starbucks-plans-to-improve-stores.html">altering its drinkmaking process</a> to speed up service times while making the job of baristas easier. The &ldquo;Siren Craft System&rdquo; is expected to be in all 10,000 North American stores by the end of North America.&nbsp;



In its first same-store sales decline in recent memory for Q2 of 2024, U.S. same-store sales were down 3% with a 7% decline in traffic. This forced the company to cut 2024 guidance.&nbsp;



When Starbucks is handed a major challenge to overcome, it usually finds a way to do so. Down 37% since its all-time high around $121 in July 2021, now is an excellent time to buy this blue-chip bargain.&nbsp;



<h2>UnitedHealth Group (UNH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/unh1600-300x169.jpg" alt="The UnitedHealth (UNH) headquarters in Minnetonka, Minnesota."><div>Source: Ken Wolter / Shutterstock.com</div></div>UnitedHealth Group (NYSE:<a href="https://investorplace.com/stock-quotes/unh-stock-quote/">UNH</a>) has a 1.23% weight in MGC. It has P/E and forward P/E <a href="https://www.morningstar.com/stocks/xnys/unh/valuation">ratios of 30.20x and 18.32x</a> and a $457 billion market cap. While it&rsquo;s not super cheap at the moment, it is cheaper on a forward earnings basis than the S&amp;P 500.&nbsp;



At the end of the day, it&rsquo;s an excellent bet on the American healthcare industry and worth owning for the long haul. Like the other two stocks, it&rsquo;s down for the year, but up more than 101% over the past five years.&nbsp;



The company&rsquo;s Change Healthcare business, which it <a href="https://www.bloomberg.com/news/articles/2021-01-06/unitedhealth-to-purchase-change-healthcare-in-13-billion-deal">acquired for $13 billion</a>, including the assumption of debt, in <a href="https://apnews.com/article/technology-health-business-minnesota-us-department-of-justice-55f01b05097e6e57716d6263275a5e3d">October 2022</a>, had a cyberattack in <a href="https://apnews.com/article/change-cyberattack-hospitals-pharmacy-alphv-unitedhealthcare-521347eb9e8490dad695a7824ed11c41">February</a>. That temporarily brought the health tech subsidiary to its knees and will cost the company <a href="https://www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2024/UNH-Q1-2024-Release.pdf">$1.25 a share</a> at the midpoint of its guidance, nearly $2 billion.&nbsp;



For a regular organization, this would be a deathknell. For the country&rsquo;s largest health insurer, losses are about 7% of its 2024 adjusted net earnings estimate of $27.75.&nbsp;Not many companies have that kind of financial clout. It finished the second quarter with nearly $79 billion in cash, cash equivalents, and long-term investments.



Of the <a href="https://www.marketwatch.com/investing/stock/unh/analystestimates">31 analysts</a> covering its stock, 28 rate it a buy, with a $574 target price, 15% higher than it s current trading price.&nbsp;&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-blue-chip-bargains-trading-at-great-depression-era-valuations/">3 Blue-Chip Bargains Trading at Great Depression-Era Valuations</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When you&rsquo;re still years away from retirement, you want to ramp up your portfolio to target growth-oriented enterprises. At the same time, there&rsquo;s a lot of comfort and confidence in so-called cash cows. These enterprises enjoy a range of attributes, from low volatility, high consistency and dominance in their chosen markets. As a result, blue-chip income stocks help complement your overall holdings.



To be clear, you don&rsquo;t want to abandon ship with your growth strategies. However, some allocation to blue-chip income stocks may help investors weather market storms. Because cash cows often generate high profit margins and robust cash flow, they can drive over obstacles that to them are the equivalent of annoying speed bumps (rather than wheel-busting potholes).



Of course, every asset class has its set of pros and cons. With cash cows, you&rsquo;re dealing with established entities. Therefore, outright growth is eschewed in favor of consistent shareholder rewards. Still, that can be appropriate during times of uncertainty. With that, below are blue-chip income stocks to consider.



<h2>Costco (COST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost1600-300x169.jpg" alt="A Costco Wholesale (COST) warehouse in Auburn Hills, Michigan."><div>Source: ilzesgimene / Shutterstock.com</div></div>A membership-only big-box retailer, Costco (NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>) easily ranks among the blue-chip income stocks to add to your portfolio. Fundamentally, the company benefits from a higher-income consumer base. I don&rsquo;t mean to be crude but the membership fee helps weed out lower-income shoppers. Plus, because Costco favors bulk purchases, it can be an effective mitigation tool against inflation. Of course, what makes COST stock a cash cow is its robust financials. In each of the past four quarters, Costo beat its bottom-line target. On average, the company&rsquo;s earnings per share landed at roughly $4.04. This performance translated to an average earnings surprise of 4.18%.



During the trailing 12 months (TTM), Costco posted net income of $7.17 billion or earnings of $16.15 per share. Revenue during the cycle hit $253.7 billion. Also, data from Yahoo Finance reveals that Costco&rsquo;s <a href="https://finance.yahoo.com/quote/COST/key-statistics/">operating cash flow</a> reached $12.11 billion, while its levered free cash flow (<a href="https://investorplace.com/stock-quotes/fcf-stock-quote/">FCF</a>) hit $5.25 billion.



As for the dividend yield, it&rsquo;s not much at 0.55%. Still, it&rsquo;s better than nothing.



<h2>Colgate-Palmolive (CL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/colgate-cl-stock-1600-300x169.jpg" alt="Colgate toothpaste and mouthwash in a cup with a toothbrush"><div>Source: monticello / Shutterstock.com</div></div>A consumer goods giant, Colgate-Palmolive (NYSE:<a href="https://investorplace.com/stock-quotes/cl-stock-quote/">CL</a>) is best known for its personal care products. In particular, its oral health unit keeps the lights on. Moreover, CL stock benefits from consistent and predictable demand. No, it&rsquo;s not the most exciting idea ever. Still, the point remains that irrespective of economic cycles, people still brush their teeth every day.



With such predictability comes consistently solid financials. In the past four quarters, Colgate managed to beat bottom-line targets in all of them. The average EPS came out to 84 cents. Further, the average earnings surprise landed at 4.7%. During the TTM period, Colgate posted net income of $2.61 billion or $3.15 per share.



In the same cycle, revenue reached $19.75 billion. Further, the most recent quarterly sales growth rate (year-over-year) hit 6.2%. The retailer generated operating cash flow of $3.69 billion while levered FCF landed at $2.8 billion.



Notably, the company offers a forward dividend yield of 2.09%. For a combo of consistency and yield, CL makes for one of the top blue-chip income stocks.



<h2>Procter &amp; Gamble (PG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/pg_1600_c_procter_gamble-300x169.jpg" alt="A photo of bottles of Tide detergent from Procter &amp; Gamble (PG) on a store shelf."><div>Source: rblfmr/ShutterStock.com</div></div>Another powerhouse in the consumer goods segment, Procter &amp; Gamble (NYSE:<a href="https://investorplace.com/stock-quotes/pg-stock-quote/">PG</a>) offers a range of products that people use daily. While it&rsquo;s a boring entity, PG stock on those rare moments can be rather exciting. For example, during the Covid-19 onslaught, toilet paper became a hot commodity. Cynically, this dynamic suited P&amp;G just fine.



Nowadays, people look to the company to provide consistent financial performances, irrespective of outside conditions. Between the second quarter of 2023 to Q1 2024, P&amp;G posted an average EPS of $1.64. This print yielded an earnings surprise of 6.55%. In the TTM period, the consumer goods giant posted net income of $14.84 billion or $6.12 per share.



In the same cycle, revenue hit $84.06 billion. The most recent quarterly sales growth rate pinged at 10.5%. Operating cash flow reached $19.43 billion while levered FCF hit $12.29 billion. Thus, it&rsquo;s easily one of the blue-chip income stocks.



For the yield, shareholders enjoy a solid one at 2.47%. Further, the payout ratio &ndash; while modestly elevated at 61.48% &ndash; is reasonable given what you&rsquo;re getting.



<h2>Home Depot (HD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/hd-stock-300x169.jpg" alt="Home Depot (HD) storefront on a sunny day"><div>Source: Jonathan Weiss / Shutterstock.com</div></div>A home-improvement store, Home Depot (NYSE:<a href="https://investorplace.com/stock-quotes/hd-stock-quote/">HD</a>) technically calls under the consumer cyclical space. However, one could make the argument that HD represents an indelible business. That&rsquo;s especially true when the smelly stuff hits the proverbial fan. Often, when natural disasters strike, Home Depot stores will remain open (so long as it&rsquo;s feasible). It can be a literal lifesaver.



Of course, with this framework, it&rsquo;s no shocker that HD ranks among the best blue-chip income stocks to buy. Granted, the company doesn&rsquo;t offer much in the way of excitement financially. However, it did beat all of its past four bottom-line quarterly targets. Further, the average earnings surprise came out to 2.15%.



During the TTM period, Home Depot posted net income of $14.87 billion or $14.93 per share. Revenue in the cycle clocked in at $151.83 billion. Further, operating cash flow landed at $21.06 billion, while levered FCF reached $14.72 billion.



For passive income, Home Depot offers a forward dividend yield of 2.68%. Further, the payout ratio isn&rsquo;t bad at 57.1%, providing confidence regarding yield sustainability.



<h2>PepsiCo (PEP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/pep-pepsico-1600-300x169.png" alt="Pepsi (PEP) Factory in Samara, Russia. Pepsi logo on a blue warehouse."><div>Source: FotograFFF / Shutterstock</div></div>A powerhouse brand in the snack food and beverage industry, PepsiCo (NASDAQ:<a href="https://investorplace.com/stock-quotes/pep-stock-quote/">PEP</a>) isn&rsquo;t exactly having the greatest year so far. However, patient investors may be able to see significant gains over the long run. That&rsquo;s because Pepsi is one of the world&rsquo;s top providers of caffeinated beverages. Increasingly, young people are turning to <a href="https://www.alliedmarketresearch.com/energy-drink-market">non-coffee energy drinks</a>, which may bode well for PEP stock.



Financially, what makes Pepsi a top-tier enterprise among blue-chip income stocks is consistency. As with the other companies, the beverage maker beat all of its past four bottom-line quarterly targets. The average EPS came out to $1.90 while the average earnings beat landed at 5.08%.



During the TTM period, Pepsi posted net income of $9.18 billion or $6.65 per share. Revenue hit $91.88 billion, with the most recent quarterly sales growth rate landing at 2.3%. Operating cash flow pinged at $12.79 billion while levered FCF was $6.42 billion.



Notably, Pepsi offers a forward dividend yield of 3.33%. However, the payout ratio is elevated at 76.2% so it&rsquo;s something to watch.



<h2>Cisco (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/cisco-csco-1600-300x169.jpg" alt="the cisco (CSCO) logo on a wall"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>Based in San Jose, California, Cisco (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) falls under the communication equipment industry. Per its public profile, Cisco designs, manufactures and sells Internet (<a href="https://investorplace.com/stock-quotes/ip-stock-quote/">IP</a>)-based networking products to the communications and information technology (<a href="https://investorplace.com/stock-quotes/it-stock-quote/">IT</a>) industry. It also offers critical services, such as data center switching and enterprise routing. CSCO stock hasn&rsquo;t enjoyed the best start to the year but circumstances could be improving.



As one of the blue-chip income stocks, Cisco&rsquo;s main selling point right now is consistency. Along with the other companies, the telecom equipment giant beat its past four bottom-line targets. The average EPS came out to 97 cents while the average earnings surprise hit 6.45%. That&rsquo;s impressive considering the circumstances.



In the TTM period, Cisco posted net income of $12.12 billion or $2.96 per share. Revenue in the cycle hit $55.36 billion. Also, operating cash flow landed at $13.12 billion while levered FCF came out to $14.41 billion.



To be upfront, investors shouldn&rsquo;t expect much growth this year in either earnings or sales. However, to make up for it, Cisco offers a forward yield of 3.37%.



<h2>Johnson &amp; Johnson (JNJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/jnj1600c-300x169.jpg" alt="A red Johnson &amp; Johnson (JNJ) sign hangs inside in Moscow, Russia."><div>Source: Alexander Tolstykh / Shutterstock.com</div></div>One of the world&rsquo;s biggest healthcare juggernauts, Johnson &amp; Johnson (NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/">JNJ</a>) easily ranks among the top cash cows. Following the spin off of its consumer health products division, J&amp;J focuses now on pharmaceuticals and medical tech. The move may add efficiency to the overall framework. In fairness, JNJ stock has gotten off to a slow start. Still, over the long run, it should do fine.



Financially, J&amp;J represents one of the few companies that you can consistently depend on. That said, I need to be upfront: the company missed its Q2 2023 estimate by 6 cents, with a negative earnings surprise of 2.3%. Still, the average EPS in the past four quarters came out to roughly $2.56. And the earnings surprise poked its head at 1.6%.



In the TTM period, J&amp;J posted net income of $17.07 billion or $6.74 per share. Revenue hit $85.65 billion. Also, operating cash flow clocked in at $23.19 billion while levered FCF was $24.3 billion.



Finally, J&amp;J offers a forward dividend yield of 3.39%. It&rsquo;s one of the blue-chip income stocks to buy.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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In the wake of the pandemic, we&rsquo;re witnessing the emergence of value traps throughout the tech landscape on Wall Street, but there are still many undervalued <a href="https://investorplace.com/industries/technology/">tech stocks</a> you can buy. The challenges faced by U.S. markets amid the tech stock sell-offs of 2022 and the uneven influence of the generative AI boom have left some <a href="https://investorplace.com/industries/technology/" target="_blank">tech stocks</a> to trade well below their all-time high values recorded earlier in the decade.



For investors, this means that many tech stocks are priced at significantly more attractive values than only a couple of years ago. However, are they likely to recover their losses? Or continue their decline? This underlines the dichotomy of the value trap.



Value traps refer to the illusion that an investment opportunity is attractively priced because it&rsquo;s been trading at a far lower value than in the past. This makes stocks appear discounted but doesn&rsquo;t account for the possibility that they may never return to their former glory.



Despite no guarantees that a value trap can make a market recovery, many tech stocks on Wall Street seek to innovate their way out of their recent hardships and offer plenty of potential for a market recovery. Here are three of the biggest examples of undervalued tech stocks:



<h2>Undervalued Tech Stocks: Zoom Video Communications Inc (ZM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/zoom_zm_1600-300x169.jpg" alt="A woman sitting at a desk waves at a large number of people on the videoconferencing software Zoom (ZM)."><div>Source: Girts Ragelis / Shutterstock.com</div></div>During the pandemic, Zoom Inc (NASDAQ:<a href="https://investorplace.com/stock-quotes/zm-stock-quote/" target="_blank">ZM</a>) became synonymous with remote collaboration during global lockdowns and offered users the chance to socialize with friends and family at a time when face-to-face contact was impossible.



However, the video communication platform fell behind its competitors in the post-pandemic era, and its stock value tumbled as a result. By the end of Q2 2024, Zoom sat 89.41% adrift of its 2020 peak.



This could make the stock a classic value trap. However, Zoom appears to be an ambitious company backed by strong fundamentals.



The stock&rsquo;s Q1 2024 <a href="https://www.constellationr.com/blog-news/insights/zoom-q1-earnings-strong-sees-growth-employee-experience" target="_blank">earnings of $216.3 million</a> on revenue of $1.14 billion are up 3.2% year-over-year, and non-GAAP earnings of $1.35 per share have weighed in far higher than Wall Street expectations of $1.19 per share on revenue of $1.14 billion.



Crucially, Zoom is intent on rolling out generative AI tools within its services. With the rollout of AI Companion, the video conferencing platform <a href="https://www.verdict.co.uk/zoom-ai-companion-genai-enhanced-productivity/?cf-view" target="_blank">can automatically set up meetings</a>, attendees, start times, and other key metadata while monitoring in-call intent.



As the age of work-from-home (WFH) continues to gather momentum, Zoom seems set to embrace generative AI to offer users next-generation services. This bid to out-innovate rivals, backed by positive fundamentals, could see the platform return as a key competitor in the remote collaboration space. Thus, I think it is one of the most undervalued tech stocks you can buy right now.



<h2>PayPal Holdings Inc (PYPL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/pypl1600-300x169.png" alt="Closeup of the PayPal app icon seen on a Google Pixel smartphone. PayPal Holdings, Inc. (PYPL) is a global financial technology company operating an online payment system."><div>Source: Tada Images / Shutterstock.com</div></div>Another example of a stock that&rsquo;s suffered a significant decline following a pandemic boom is PayPal Inc. (NASDAQ:<a href="https://investorplace.com/stock-quotes/pypl-stock-quote/" target="_blank">PYPL</a>), which ended Q2 2024 some 80.19% below its 2021 peak value.



Despite its post-pandemic downturn, PayPal remains a digital payment leader, with 426 million active accounts and operations throughout 200 global markets.



The firm&rsquo;s Q1 2024 earnings show significant growth potential, with total payment volume (TPV) rising 14% to <a href="https://finance.yahoo.com/news/paypal-holdings-inc-pypl-q1-125159116.html" target="_blank">$403.86 billion from the year prior</a>.



One of PayPal&rsquo;s biggest reasons for optimism is the unveiling of a <a href="https://www.pymnts.com/data/2024/paypal-reportedly-building-ad-business-based-on-user-data/" target="_blank">brand-new advertising sales network</a>. This network could leverage user spending data and insights to shape targeted recommendations. This could revolutionize how merchants advertise their goods to customers.



This added utility for PayPal&rsquo;s user data could provide a springboard for its stock, which has struggled to build momentum in 2024 so far despite positive earnings reports. For investors, the incorporation of its new advertising network could offer an opportunity for sustainable growth for the embattled stock. I think it is one of the most undervalued tech stocks.



<h2>Cisco Systems Inc (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/cisco-csco-1600-300x169.jpg" alt="the cisco (CSCO) logo on a wall"><div>Source: Valeriya Zankovych / Shutterstock.com</div></div>Despite its impressive longevity on Wall Street, Cisco Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/" target="_blank">CSCO</a>) has spent much of the 2020s struggling to generate meaningful momentum. Since the beginning of 2022, the stock has tumbled more than 20% and has struggled to inspire investors.



This may soon change, however, with the communications conglomerate announcing a transformative $1 billion global investment fund intent on expanding and developing secure, reliable, and trustworthy AI solutions.



The announcement of the fund represents Cisco&rsquo;s first significant foray into artificial intelligence. Innovative <a href="https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2024/m06/cisco-launches-1b-global-ai-investment-fund.html" target="_blank">startups</a> such as Cohere, Mistral AI, and Scale AI have already joined the firm&rsquo;s investment portfolio to strengthen Cisco&rsquo;s position in the industry.



In addition, Cisco <a href="https://www.cnbc.com/2024/06/25/cisco-is-very-optimistic-about-its-growing-business-with-china-evs-.html" target="_blank">has announced</a> that it&rsquo;s &lsquo;very optimistic&rsquo; about its involvement in growing business with Chinese electric vehicle (EV) firms and supporting their overseas expansion.



This indicates that Cisco intends to penetrate global markets deeper and support emerging technologies at scale. With such a commitment to embracing innovation, it&rsquo;s certainly worth tracking the discounted price of CSCO, with the prospect of a market recovery becoming more tangible.



On the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Dmytro is a finance and investing writer based in London. He is also the founder of Solvid, Pridicto and Coinprompter. His work has been published in Nasdaq, Kiplinger, FXStreet, Entrepreneur, VentureBeat and InvestmentWeek.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-tech-value-traps-that-are-actually-screaming-buys/">3 Tech Value Traps That Are Actually Screaming Buys</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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