10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs

3. Cisco Systems Inc. (NASDAQ:CSCO)

Cisco Systems Inc. is a multinational company that manufactures, sells, and designs internet protocol-based networking and other telecom equipment. CSCO’s last year performance was only slightly below the S&P 500’s, which is quite staggering considering the stock was down 10% in the first 8 months of the year.

The company’s resurgence has brought investors and analysts back into the stock, with Citi recently adding it to its 30-day Catalyst Watch list. The company announces its fiscal Q2 results on the 12th of February, so one can expect upward momentum till that point.

CSCO is now in a strong position for growth and profitability. The company appears to be making good progress heading into the latter half of the fiscal year. The Cloud/AI and Security Segments are expected to register growth in the second half of the year. The ongoing quarter is also expected to beat analyst estimates according to the management, with revenue coming in at $13.85 billion. In the longer run, even though revenue could stay steady, operating EPS is expected to accelerate through 2027.