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Cisco Systems, Inc. (CSCO) delivered strong free cash flow, despite significantly higher capex spending in its fiscal year ending July 31. That could propel CSCO stock at least 14% higher over the next 12 months using its average FCF margins.
CSCO is at $66.50 in morning trading on Monday, Aug. 18. That's down from its price on Aug. 13 of $70.40 just before the release of its latest results.