Despite high inflationary pressures and market uncertainties, fundamentally sound top tech stock Cisco Systems, Inc. (CSCO) has shown no signs of slowing down. Thus, we wanted to probe the fundamentals of CSCO to see why the stock could be a buy-and-hold candidate for the long run.
The company exhibited a strong performance in its fiscal second quarter by delivering better-than-expected results in revenue, record non-GAAP EPS, and operating cash flow. For the fiscal year 2023, CSCO expects its revenue growth to be between 9% and 10.5% year-over-year. It expects its non-GAAP EPS to come between $3.73 and $3.78.
