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Sydnee Gatewood
Sydnee Gatewood
Articles (2967) 

Jerome Dodson Comments on Cisco Systems

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October 27, 2020 | About:
Cisco Systems (NASDAQ:CSCO), the leading provider of enterprise-networking solutions, cut 60 basis point off the Fund's return, as its stock fell 14.9% from $46.64 to $39.39. The company reported decent results, but reduced guidance for the next quarter, and it also announced the departure of the chief financial officer. Investor sentiment has soured, as the company's enterprise sales have declined because of the current work-from-home policies. The shares are trading at a bargain price right now and should recover when spending picks up.

From Jerome Dodson (Trades, Portfolio)'s Parnassus Endeavor Fund (Trades, Portfolio) third-quarter 2020 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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