12 Best Innovative Stocks to Buy Now

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7. Cisco Systems Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 81

Cisco Systems Inc. (NASDAQ:CSCO) is one of the best innovative stocks to buy now. On September 10, Cisco and Tata Communications announced a new collaboration in a landmark move designed to reshape the future of how businesses connect, manage, and scale their global enterprise IoT deployments. The collaboration addresses persistent hurdles faced by organizations managing large fleets of connected devices.

Such challenges typically slow down rollouts, increase costs, and limit the flexibility and scalability of IoT initiatives. The core of this partnership involves embedding Tata Communications MOVE into Cisco’s IoT Control Center. Tata Communications MOVE is described as an intelligent, multi-generational, global eSIM orchestration solution that has delivered over 350+ million eSIM Operating Systems and manages the SIM lifecycle with reach across 200+ countries and territories.

Cisco’s IoT Control Center is a device management platform cloud offering that is used by over 32,000 enterprises and supports more than 270 million SIM IoT devices, including 100 million connected cars. By using their combined expertise, the two companies will enable enterprises to seamlessly activate and manage devices across multiple SIM providers, private and public networks, and eSIM standards.

Cisco Systems Inc. (NASDAQ:CSCO) designs, develops, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

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