Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 5, 2020

Article Excerpt

CISCO SYSTEMS INC., $47.83, Nasdaq symbol CSCO, is a buy. Through their shares, investors tap a global producer of hardware and software that links and manages computer networks. The company is now buying San Francisco-based ThousandEyes Inc., a private software maker whose products help businesses monitor their computer networks for potential outages and other problems. Its clients include Microsoft, Slack, PayPal and Lyft. Cisco has yet to say how much it will pay for this business, but media reports suggest the price is about $1 billion. The company can easily afford that outlay; as of April 30, 2020, it held cash of $28.6 billion. ThousandEyes’ products will enhance Cisco’s suite of security software products and services. That cuts its reliance on slower-growing hardware sales. Cisco Systems recent coverage: Hotline for May 15, 2020 Hotline for April 17, 2020 EBAY INC., $48.82, Nasdaq symbol EBAY, is still a buy. The company operates e-commerce websites where sellers pay fees to auction items or offer them at fixed prices. It…

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