BWG Global Downgrades Cisco Systems (CSCO), Cites Checks

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the best low volatility stocks to invest in right now. On April 23, Cisco Systems, Inc. (NASDAQ:CSCO) was downgraded to Mixed from Positive by BWG Global, with it citing checks for the view update. The rating update came the same day Cisco Systems, Inc. (NASDAQ:CSCO) announced the Cisco Universal Quantum Switch, which marks a notable milestone in quantum networking. The company said that it is the latest proof point in the company’s accelerating full-stack quantum networking program as a working research prototype.

Vijoy Pandey, SVP/GM of Outshift, Cisco’s (NASDAQ:CSCO) Emerging Technologies and Incubation Group, stated that the milestone stands as a “testament” to quantum networking’s transformative potential. Pandey added that the company has long recognised connecting quantum systems as the key to attaining true scalability, and has now taken a critical step to turn the vision into reality. In a separate development, JPMorgan lifted the price target on Cisco Systems, Inc. (NASDAQ:CSCO) to $96 from $95 while maintaining an Overweight rating on the shares.

Cisco Systems, Inc. (NASDAQ:CSCO) is involved in the manufacture, design, and sale of Internet Protocol-based networking products and services associated with the communications and IT industry. The company’s operations are divided into the following geographical segments: the Americas, EMEA, and APJC, and its products include the following categories: Secure, Agile Networks, Internet for the Future, Collaboration, End-to-End Security, Optimized Application Experiences, and Other Products.

While we acknowledge the risk and potential of CSCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CSCO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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