Time is never kind to tech companies. Even those that manage to stay
on the leading edge of technology and evolve with the times have to face
that difficult transition from the "valuations don't matter"
high-growth phase to the "how will they ever grow again?" lower growth
phase. IBM (IBM) is probably the best example of that transition done right (though Oracle (ORCL) seems to be managing it quite well), while Microsoft (MSFT) and Intel (INTC) are still struggling to reorient themselves.
That brings us to Cisco (CSCO). Plenty of companies, ranging from F5 (FFIV) to Palo Alto (PANW)
have looked to build their own fortunes by going straight at Cisco in
particular markets and/or positioning themselves for evolving markets
like software-defined networking (SDN). While Cisco will indeed never
grow again like it used to, the Street's addiction to growth seems to be
seriously underpricing Cisco's probable cash flow stream.
Please continue here:
Buy Cisco And Take Advantage Of A Change For The Better
No comments:
Post a Comment