Market Update on Cisco Systems Inc. (NASDAQ:CSCO) – CSCO Dividend Yield Pushes Past 3%

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[at Forbes] – Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Cisco Systems, Inc. (NASD: CSCO) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.68), with the stock changing hands as low as $22.63 on the day. Dividends are [...]
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Cisco Systems, Inc. (CSCO), valued at $122.94B, finished yesterday at $22.89.

Looking at the stock, its one day range is $22.90 to $22.97 with a one year range of $16.68 to $26.49.

CSCO shares are currently priced at 10.96x this year’s forecasted earnings,
which makes them relatively inexpensive compared to the industry’s 13.95x earnings multiple for the same period.

And for dividend hunters, the company pays shareholders $0.68 per share annually in dividends, yielding 3.00% .

Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.51 per share, which would be $0.03 better than the year-ago quarter but a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.10 would be a $0.08 improvement when compared to the previous year’s annual results.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.37 Billion. If reported, that would be a 4.12% increase over the year-ago quarter.

ISI Group upgraded (CSCO) from Cautious to Neutral (Aug 15, 2013).
Previously, FBR Capital upgraded (CSCO) from Underperform to Mkt Perform. Standpoint Research downgraded (CSCO) from Buy to Hold.

The average price target for CSCO shares is $26.68, which is 16.56% above where the stock opened this morning.

Cisco Systems Inc. (NASDAQ:CSCO), designs, manufactures and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, storage products and much more.

Tag Helper ~ Stock Code: CSCO | Common Company name: Cisco | Full Company name: Cisco Systems Inc. (NASDAQ:CSCO) .


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