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Cisco Hits 52-Week High: Should You Still Buy the CSCO Stock?
Cisco (CSCO) recently hit a 52-week high, with its shares jumping 61.2% in the last 12 months, driven by strong AI initiatives. Despite trading at a premium compared to its industry, the company faces stiff competition from Hewlett Packard Enterprise, Broadcom, and Arista Networks, all of which have seen higher returns. Zacks Investment Research, however, maintains a Zacks Rank #2 (Buy) for CSCO, citing its expanding portfolio and AI push as positive long-term growth drivers.