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StockNews.com
Business
Mangeet Kaur Bouns

Buying This 1 Stock Could Be a Genius Move Right Now

Cisco Systems, Inc. (CSCO) manufactures and sells Internet Protocol-based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company serves businesses of various sizes, governments, public institutions, and service providers.

CSCO had a strong end to fiscal 2022, thanks to its solid fourth-quarter performance. “Full-year product orders and backlog are both at record highs and reflect the strong demand we continue to see for our innovation and the overall value we bring to our customers as they accelerate their digital transformation,” said Chuck Robbins, CSCO’s Chair and CEO.

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