A motorcyclist rides past Cisco Systems Inc. signage at the company's headquarters in San Jose, California.
David Paul Morris | Bloomberg | Getty Images
CNBC "Halftime Report" trader Jim Lebenthal is buying Cisco, the leading hardware maker of routers and switches, on the thesis of increasing Internet infrastructure spending and cheap valuation.
The CEO of Lebenthal Asset Management is up more than 8 percent this year in his CNBC Pro trading contest model portfolio.
Here's what Lebenthal sees and why he thinks the stock can rally further...
