Conservative Stock Portfolio: 11 Best Stocks to Buy Now

8. Cisco Systems Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 81

Cisco Systems Inc. (NASDAQ:CSCO) is one of the best conservative stocks to buy now. On September 22, the networking giant confirmed the opening of a new downtown office in Austin, Texas.

The new office is to serve as a showcase for the company’s workplace technologies and will be the third in the city. The showcased devices on display include an AI assistant, video conferencing equipment, and large-screen conferencing technologies.

The devices that Cisco is displaying at the new office space are installed throughout boardrooms, training spaces, and lounges. They also feature facial tracking solutions that provide remote participants with an impressive in-room experience.

“Austin’s spirit of innovation, its deep talent pool, and its relentless optimism have continually inspired us, and today, we’re doubling down on our commitment to Austin,” the company wrote in a blog post. “Our new downtown office isn’t just another building: it’s a testament to Cisco’s belief in Austin’s potential and in the people who make this community so special.”

Cisco Systems Inc. (NASDAQ:CSCO) is a technology company that designs, manufactures, and sells networking hardware, software, and telecommunications equipment to connect the world. Its products and services span networking, security, collaboration, and cloud management, providing the critical infrastructure for businesses and communities to operate and thrive in the digital age.