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Cisco hasn’t been this low-cost in 10 years so time to purchase, Morgan Stanley says

Cisco’s Chairman and CEO Chuck Robbins speaks to individuals through the Viva Technologie present at Parc des Expositions Porte de Versailles in Paris on May 24, 2018.Chesnot | Getty Pictures(This story is for CNBC Professional subscribers solely). Shares of knowledge know-how big Cisco are as low-cost relative to the remainder of the market as they have been over the previous decade and buyers ought to take benefit, Morgan Stanley mentioned in a brand new consumer notice. The low cost between the stock’s price-to-earnings ratio relative to that of the S&P 500 is on the largest in 10 years, the bank mentioned. 

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Yuuma Nakamura

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