Fahad Saleem
1 min read
In This Article:
Jim Lebenthal from CNBC Investment Committee said in a recent program on CNBC that he’s buying Cisco Systems Inc (NASDAQ:CSCO) shares.
"Cisco Systems Inc (NASDAQ:CSCO), if you look at the earnings revisions, is definitely going higher and it's with good reason. If you've listened to their last several earnings calls, they are definitely benefiting from AI, definitely benefiting from the data center buildout, and it's just not reflected in the multiple," he said.
Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the world.
GreensKeeper Asset Management stated the following regarding Cisco Systems, Inc. (NASDAQ:CSCO) in its Q3 2024 investor letter:
“In the third quarter, we decided to exit our investment in Cisco Systems, Inc. (NASDAQ:CSCO), as we believed the stock had become fully valued and reallocated the capital to one of our international positions. We also initiated a new position in a Canadian company shortly after the quarter ended. As we may still accumulate shares, we will defer discussing this new holding for the time being. Our top ten positions are detailed in the table below. Further portfolio disclosures, including performance statistics, are available on the pages immediately following this letter.”
While we acknowledge the potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
