In this article, we discuss the 5 best stocks to buy for early retirement. If you want to read our detailed analysis of these companies, go directly to the 10 Best Stocks To Buy for Early Retirement.
5. Cisco Systems, Inc. (NASDAQ: CSCO)
Number of Hedge Fund Holders: 59
Cisco Systems, Inc. (NASDAQ: CSCO) is a California-based technology company founded in 1984. It is ranked fifth on our list of 10 best stocks to buy for early retirement. The firm focuses on the development and marketing of networking hardware, software, telecommunications equipment and other technology-related services and products. The company has recently made investments in the Internet of Things (IoT) universe and security services related to cloud computing and internet-based networks.
On May 19, Cisco Systems, Inc. (NASDAQ: CSCO) posted earnings results for the third fiscal quarter, reporting earnings per share of $0.83 that beat market predictions by $0.01. The revenue over the period was $12.8 billion, up 6.8% year-on-year.
Out of the hedge funds being tracked by Insider Monkey, London-based investment firm Generation Investment Management is a leading shareholder in Cisco Systems, Inc. (NASDAQ: CSCO) with 23 million shares worth more than $1.2 billion.