Cisco Declines 9.4% Year to Date: How to Play CSCO Stock Now?

Cisco Systems (CSCO) shares have declined 9.4% year to date, significantly underperforming the Zacks Computer & Technology sector’s return of 29.5%.CSCO is suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition.Excess inventory with customers has dragged down growth in the recent past. In the third quarter of fiscal 2024, Cisco reported revenues of $12.7 billion, which declined 12.8% year over year, prima ...