10 Cheap Technology Stocks to Buy According to Hedge Funds

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

Forward P/E: 17.27

Number of Hedge Fund Holders: 84

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational digital communications technology that designs, manufactures, and sells internet and networking equipment, related software and services for network management, security, collaboration, cloud management, and data center solutions. The company plays a crucial role in building and maintaining the infrastructure of the internet and corporate networks. Cisco Systems, Inc. (NASDAQ:CSCO) ranks among the best cheap tech stocks to buy.

On March 3, 2025, Cisco Systems, Inc. (NASDAQ:CSCO) announced its Agile Services Networking innovations at the Mobile World Congress. This new architecture is designed to help service providers introduce differentiated services and compete in the AI marketplace by simplifying, modernizing, and enhancing network performance. It combines high-speed, feature-rich Silicon One routing, unified software, and converged IP and optics to create a seamless, scalable network. The system provides real-time visibility into on-network and off-network connectivity, enabling providers to deliver reliable AI-driven experiences for home and mobile users. Cisco Systems, Inc. (NASDAQ:CSCO) reported that early adopters of Cisco Agile Services Networking are already improving network efficiency, cutting costs, and enhancing the customer experience. This move is part of a broader strategy that positions Cisco Systems, Inc. (NASDAQ:CSCO) as a key player in AI infrastructure and networking solutions.