Yacktman Focused Fund Comments on Cisco

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Nov 03, 2020

Cisco's (CSCO, Financial) stock was lower during the quarter after delivering strong results but giving weaker earnings guidance. The stock sells at a modest multiple of earnings and cash flow and the company continues to successfully transition its business to more predictable software, services, and security.

From Yacktman Focused Fund (Trades, Portfolio)'s third-quarter 2020 commentary.