Dan Weiskopf: Why Cisco Should Buy Bitcoin

Dan Weiskopf: Why Cisco Should Buy Bitcoin

Cisco’s outstanding shares (CSCO) currently stand at 4.23 billion, up from 7.04 billion at the end of September. In 2021, Cisco plans to return at least 50% of its free cash flow to shareholders in the form of $ 6 billion in dividends and $ 6 billion to $ 10 billion in share buybacks.

The company has $ 10 billion remaining on its authorized buyouts, while an additional $ 6 billion is spent on research and development. However, Cisco’s revenue growth is sluggish, so one has to question the value of these expenses.

Dan Weiskopf is co-portfolio manager of the Amplify Transformational Data Sharing ETF and a member of the investment committee of Toroso Investments, an exchange-traded fund asset.

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