Is Cisco a Buy? Down Over 7% After Earnings - Will 5G Revive Cisco in 2020?

Cisco released earnings on 11/13/2019, and projections for the coming quarter are light.  Is this DGI stock worth adding to your portfolio?
"Cisco CSCO, -7.81%   is seen as one of the biggest barometers of tech spending globally, due to its dominance of the networking sector and the fact that a slowdown in network purchases can presage problems in other tech sectors. Several analysts think Cisco will say that tech spending is in trouble when it reports fiscal first-quarter results on Wednesday.
However, many strategists think the San Jose, Calif.-based networking company is in better shape than its rivals.
“We think expectations are fairly muted for Cisco given softer commentary by a host of peers regarding trends on IT spend, especially when it comes to large enterprises and service providers,” Evercore ISI analyst Amit Daryanani warned in a note Nov. 8. Nonetheless, he maintained an outperform rating and price target of $60 on Cisco shares, 23% above its closing price on Friday.
Daryanani was referring to Juniper Networks Inc.’s JNPR, -1.42%  third-quarter financial report last month, in which Chief Executive Rami Rahim acknowledged “service provider spending remains challenged.” The Juniper boss also said his company “experienced weaker than expected enterprise orders in the September quarter.”
“What I’ve seen play out in third quarter, while we’ve got a headwind right in front of us on [global technology services] in fourth quarter, nothing would change my mind with regards to 2020 on driving sustainable revenue growth overall,” IBM Chief Financial Officer Jim Kavanaugh said on an analyst call last month.
The global economic challenges facing Cisco are likely to prompt cost-cutting and extend its “business pivot toward software and recurring revenue” to its partners, Raymond James analyst Simon Leopold said in a Nov. 7 note that reiterates an outperform rating and price target of $59. (Cisco cut about 500 Silicon Valley jobs, according to documents filed with the state of California in August.)
Expectations are for flat sales and comparable earnings.
Not all the prognostications are so dour, however.
In its summary of hardware and communications equipment companies, Barclays believes Cisco and Hewlett Packard Enterprise Co. HPE, -0.38%  are best positioned to take advantage of recent momentum in spending on computer networking.
“Our checks suggest that tough conditions have persisted but have not worsened,” Oppenheimer analyst John Stoltzfus added in a Nov. 4 note. “We see signs of resiliency in WLAN, security, and campus switching spending and believe Cisco has appropriately reset the bar to a level where it can deliver in-line results and offer in-line guidance.”" - https://www.marketwatch.com/story/cis...
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