Perhaps more importantly, Cisco is sitting on more than $7 per share in cash and will soon be in a position to "monetize" it through share repurchases or an accretive acquisition, or both, the analyst continued. However, part of this assumption is based on expectations for changes to the U.S. repatriation tax law but investors are wrong to assign little to no value to this outcome.
Meanwhile, Cisco's stock already boasts a 3.7-percent dividend yield and a more than 10-percent free cash flow yield (ex-net cash), which adds to the bullish case.
Related Links: Berkshire Hathaway And Its Massive Cash Hoard Previewing Cisco's Q4 Results: Deutsche Bank Is Bullish Into 2018Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.