Cisco Systems (NASDAQ: CSCO ) ended 2013 as one of the worst-performing stocks in the Dow. Sure, some of that pessimism was warranted, given the networking giant's slowing sales growth. But have investors gone too far in selling off the shares? A bullish piece (registration required) in Barron's magazine says that they have -- and that Cisco shares could jump by 20% this year as a result.
In the video below, Fool contributor Demitrios Kalogeropoulos discusses Cisco's recent struggles and agrees with Barron's conclusion that the stock looks cheap right now. Despite what's sure to be a tough year for the business, Cisco could be a good buy for conservative investors who are looking for dividend income along with a decent chance at long-term capital appreciation.
Start 2014 off right
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