10 Best Retirement Stocks to Buy According to Hedge Funds

5. Cisco Systems, Inc. (NASDAQ:CSCO)

Beta Value: 0.79

Dividend Yield: 2.56%

Number of Hedge Fund Holders: 84

Cisco Systems Inc. (NASDAQ:CSCO) is a well-known technology company that offers networking and IT solutions, leveraging artificial intelligence to increase network performance, security, and automation. The company focuses on developing and delivering networking hardware, software, and telecommunications equipment.

Cisco Systems Inc. (NASDAQ:CSCO) posted great results in fiscal Q1 2025, with revenues of $13.8 billion. Despite the reduction from the previous year, Cisco exceeded experts’ estimates by $70.5 million. In addition, the corporation posted a net income of $2.7 billion for the quarter, indicating that its financial condition is robust.

On February 13, Rosenblatt Securities upgraded Cisco Systems Inc (NASDAQ:CSCO) to Buy and boosted its price target to $80 citing solid subscriber growth, rising AI-driven orders, and stable recurring revenues. Rosenblatt also reported “triple-digit growth” in web-scale orders and over 20% growth in telecom orders, as security revenues and orders more than doubled year-over-year.