Stock Update: Cisco Systems Inc. (NASDAQ:CSCO) – What Will Cisco Do in 2014?

Cisco Systems Inc. (NASDAQ:CSCO) [at Motley Fool] – Cisco Systems has a lot to prove right now. Is this the next IBM all-rounder in the making, or will investors suffer in 2014?
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Cisco Systems, Inc. (CSCO), currently valued at $112.25B, started trading this morning at $21.05.
 
Looking at today’s market, CSCO one day range is $20.77 to $21.08 and has traded between $19.31 and $26.49 over the past 12 months.
 
Priced at 10.57x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 24.23x forward p/e ratio.
 
And for dividend hunters, the company pays shareholders $0.68 per share annually in dividends, yielding 3.20%.
 
Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.05 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $1.98 is a $0.04 setback when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.08 Billion. If reported, that would be a 8.43% decrease over the year-ago quarter.
 
More recently, Standpoint Research upgraded CSCO from Hold to Buy (Nov 14, 2013). Previously, Deutsche Bank downgraded CSCO from Buy to Hold.
 
When considering if perhaps the stock is under or overvalued, the average price target is $23.57, which is 11.97% 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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