10 Best Stocks to Invest in According to AI

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

Number of Hedge Fund Holders: 60

Stock Return Over Past Six Months: 40%

Cisco Systems, Inc. (NASDAQ:CSCO) makes and sells networking and other products. In mid-November, the company posted earnings for the first fiscal quarter. It posted revenue of $13.8 billion, a 6% decrease from the same period last year. GAAP net income was $2.7 billion, or $0.68 per share, marking a 24% decline year-over-year. On a non-GAAP basis, net income stood at $3.7 billion, or $0.91 per share, down 18% from the previous year. Ahead of the latest earnings report, investment advisory Citi has opened a Positive Catalyst Watch on the stock. Analysts led by Atif Malik said they opened a positive catalyst watch as they expect Cisco to benefit from improving dynamics in the campus switching market.

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