16. Cisco Systems, Inc. (NASDAQ:CSCO)
Number of Billionaire Investors: 15
Dividend Yield as of March 3: 2.56%
Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational tech company that mainly specializes in networking hardware, software, and telecommunications equipment. The company continues to be a dominant player in enterprise networking, maintaining a strong presence in both traditional and cutting-edge network systems. The company holds a major share in areas like wireless access, switching, and routing, and also plays a key role in security and collaboration tools. As hybrid cloud solutions and flexible work models gain traction, Cisco is well-placed to take advantage of these shifts. In addition, its broad range of integrated security and networking features provides it with a competitive advantage in the market. In the past year, the stock has surged by nearly 30%.
Cisco Systems, Inc. (NASDAQ:CSCO) recently reported strong earnings for fiscal Q2 2025, with adjusted earnings per share of $0.94 and revenue of $13.99 billion, exceeding analysts’ forecasts of $0.91 per share and $13.87 billion in sales. Revenue rose by 9.4% year-over-year, and AI infrastructure orders amounted to $350 million. Management highlighted that overall product orders grew by 29% compared to the previous year, or 11% when excluding the impact of Splunk.
Cisco Systems, Inc. (NASDAQ:CSCO) maintained a strong cash position in the latest quarter. Operating cash flow surged to $2.2 billion, marking a 177% jump from the $0.8 billion recorded in the same period of fiscal 2024. By the end of the quarter, the company had close to $17 billion in cash and cash equivalents. On February 12, Cisco announced a 3% increase in its quarterly dividend, raising it to $0.41 per share. This adjustment extended its streak of consecutive annual dividend hikes to 18 years, which makes CSCO one of the best dividend stocks on our list. The stock supports a dividend yield of 2.56%, as of March 3.
