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OverviewAPI
Cisco Systems Inc (NASDAQ: CSCO) anticipates a 6% revenue decline in Q2 FY’24, influenced by customer deployment of previously purchased hardware inventory. Despite progress in its recurring revenue model and gross margins, the stock's performance has been inconsistent. The Trefis High Quality Portfolio has outperformed the S&P 500, and we believe CSCO stock is undervalued at current levels.

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