How To Earn $500 A Month From Cisco Stock Ahead Of Q4 Earnings
Portfolio Pulse from Avi Kapoor
Cisco Systems, Inc. (NASDAQ:CSCO) is set to release its Q4 earnings on August 14. Analysts expect a decrease in earnings per share and revenue compared to the previous year. Cisco plans significant layoffs to focus on high-growth areas like cybersecurity and AI. The company has a dividend yield of 3.53%, translating to a quarterly dividend of 40 cents per share. Investors would need to own approximately 3,750 shares to earn $500 monthly from dividends.
August 14, 2024 | 12:07 pm
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Cisco is expected to report lower Q4 earnings and revenue. The company plans significant layoffs to focus on cybersecurity and AI. Dividend yield stands at 3.53%.
The expected decrease in earnings and revenue, along with significant layoffs, could negatively impact investor sentiment in the short term. However, the focus on high-growth areas like cybersecurity and AI may provide long-term benefits. The current dividend yield of 3.53% remains attractive for income-focused investors.
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