The U.S. stock market is having a good start to 2018.
And so far we see several underdogs push forward in the stock market race. One of which is Cisco Systems [NYSE: CSCO], the IP-based networking company. Cisco has outperformed the industry consistently and is poised to continue with a revised price target from $37 to $44, 10% upside.
Cisco is the largest player in the networking space with a strong presence in the router, WLAN and Ethernet switching. The data centre market is solid with room for expansion into relatively under-penetrated markets, will continue to drive growth.
With the new tax reform expected to repatriate US$ 48 billion, that cash could go to dividend increases, for which Cisco stock already yields close to 3%.
We recommend investors take a look at a stock like Cisco.
At the very least, it’s one to watch as we believe Cisco stock has a reasonable valuation, good dividend yield and positive catalysts.
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