Business & Tech
Cisco Systems is 'Undervalued' & 'A Stock to Watch'
Cisco is the largest employer in Milpitas.
Cisco Systems, Inc., the largest employer in Milpitas, was alongside Coach and Family Dollar Stores as an "irrationally undervalued stock," according to Insider Monkey.
Insider Monkey says Cisco is appealing because of its high growth.
"In what proved to be a difficult year for many companies, as a result of a painfully slow economic recovery both in the United States and abroad, these companies managed to grow sales and profits at high rates," according to Insider Monkey.
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An investment website, ThePennyStockProfiler.com, also echoed that news and said Cisco was "a stock to watch."
"Cisco Systems, Inc. (NASDAQ:CSCO) went up 0.76% to $20.99 on a traded volume of 6.87 million shares," according to ThePennyStockProfiler.com.
Find out what's happening in Milpitasfor free with the latest updates from Patch.
This news does come shortly after Cisco's stock took a dive.
Do you agree? Is Cisco a stock to watch? Tell us in the comment section below.
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