Author: Jeremy Mullin, Zacks

It offers a rare combination of near-term potential and a long-term entry point into one of the most durable franchise businesses in its space.

With record earnings momentum, rising analyst estimates, and a leadership position in high-speed networking for AI and cloud, the company is showing no signs of slowing down.

The most recent earnings report and subsequent price action look very bullish.

Current levels look attractive for an entry into shares for a long-term value play. And while that story plays out, investors can collect a healthy dividend.

The company is generating free cash flow and buying its stock back. In addition, earnings have been positive and earnings estimates have been going higher. Yet despite these positives, the stock is teasing 2024 lows, clinging to long-term support. The current situation is creating a long-term opportunity for value investors.