[at Seeking Alpha] – Cisco Systems ( CSCO ), a company with already over 44 billion in cash, opted to sell eight billion dollars’ worth of bonds recently. Frankly, I feel it is a wise business decision for any company close …
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Cisco Systems, Inc. (CSCO), with a current market cap of $113.02B, started trading this morning at $21.94.
Shares have traded today between $21.88 and $22.04 per share and has traded between $19.98 and $26.49 over the past year.
CSCO shares are currently priced at 10.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.04x earnings multiple for the same period.
The company pays shareholders $0.76 per share in dividend income per year, for a current yield of 3.50%.
Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.48 per share, which would be $0.03 worse than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $1.99 is a $0.03 worse when compared to the previous 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.
More recently, Standpoint Research upgraded CSCO from Hold to Buy (Nov 14, 2013). Previously, Deutsche Bank downgraded CSCO from Buy to Hold.
Investors should keep in mind is that the average price target is $23.55, which is 7.34% 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) .