Cisco Hits 52-Week High: Is it The Right Time to Buy the CSCO Stock?

Cisco Systems (CSCO) shares hit a 52-week high of $56.58 on Thursday and finally closed at $56.40, up 11.6% year to date, outperforming the Zacks Computer-Networking industry's return of 10.9%. In the past month, CSCO shares have appreciated 9.6%, outperforming the industry's return of 9.3%. The broader Zacks Computer & Technology sector inched up 1.8% over the same timeframe. The outperformance can be attributed to CSCO's improving near-term prospects, with strong AI-related order growth. Its rich partner ...