[Marketwired] – Harnessing the power of open source and community, Cisco today announced that the company is delivering the ability to create and integrate new open source application identification capabilities into …
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Cisco Systems, Inc. (CSCO), currently valued at $116.20B, started the session at $22.15.
Looking at today’s trading action, the company’s one day range from $21.91 to $22.22 and has traded between $19.98 and $26.49 over the past year.
Cisco (CSCO) shares are currently priced at 11.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.32x earnings multiple for the same period.
The company pays shareholders $0.76 per share in dividend income per year, for a current yield of 3.40%.
In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.48 per share, which would be $0.03 worse than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.99, which would be a $0.03 worse when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.36 Billion. If reported, that would be a 7.04% decrease over the year-ago quarter.
Recently, Standpoint Research upgraded CSCO from Hold to Buy (Nov 14, 2013). Previously, Deutsche Bank downgraded CSCO from Buy to Hold.
With the above information in mind, readers should note that the average price target is $23.55, which is 6.32% 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) .