For those that own or plan to own Cisco stock, what are you folks doing with your $CSCO positions? Most recent quarter was pretty bad and there was a 9-11% revenue decline guidance for the next quarter. Dumping or Selling? Holding? Buying or hoarding? What's your rationale?
Made my mistake for the first time this year. Should have sold my RSUs before earning report! 😭
Same here. You are not alone 😟
I think Cisco will survive well with aggressive cost cutting and staying focused on profit making business.
We don't just want to survive.
Staying with old current profit making business means not pivoting to cloud security. A cliff is coming and so pain must be felt to steer.
Cisco will become like HP, Intel and IBM soon.. I project its one year target around $27-28/-...
When csco hit below $35. It will be attractive as dividend stocks. Recent deep cleaning is good for csco. Please layoff more useless PE , they act more as manager than principal engineer
If they go down more I’ll be so pissed. Was planning to cash out and use it for buying a house, may end up getting a hut at this rate.
Dividends are good. Short term there will be pain, but i think right direction to move to 'everything-as-a-service' and shedding off unwanted employees. Long term very good prospects of growth. Hold long term.
Hm, do you consider the opportunity cost for holding long term? @qb13j
I feel market is disconnected from reality and its best to park money in solid stocks than ride the top of the wave. Any opportunity costs comes at high risk at this time for me.
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Stop active investing and buy index funds instead of wasting time and money on individual stocks
Why do you think so?
Because 95% of retail traders cannot beat passive ETFs.