×

Top trader: Cisco is a value investor’s dream

A motorcyclist rides past Cisco Systems Inc. signage at the company's headquarters in San Jose, California.
David Paul Morris | Bloomberg | Getty Images
A motorcyclist rides past Cisco Systems Inc. signage at the company's headquarters in San Jose, California.

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...

Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.