[Marketwired] – Cisco today announced the 2014 return of the Internet of Things World Forum, a global event that will once again unite thought leaders, business leaders and practitioners in business, industry, government …
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Cisco Systems, Inc. (CSCO), with a current value of $119.10B, finished at $23.12.
Looking at the equity, the company’s one day range is $23.10 to $23.18 and has traded between $19.98 and $26.49 over the past year.
Cisco (CSCO) shares are currently priced at 11.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.17x earnings multiple for the same period.
The company pays shareholders $0.76 per share in dividend income per year, for a current yield of 3.30%.
Consensus earnings for the current quarter by the 36 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.
In terms of ratings, Wunderlich downgraded CSCO from Buy to Hold (Apr 8, 2014). Previously, Northland Capital Initiated CSCO at to Outperform.
The average price target for CSCO shares by the analysts covering it is $23.76, which is 2.77% above where the stock opened.
Summary (NASDAQ:CSCO) : Cisco Systems, Inc. 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, and storage products that provide connectivity to end users, workstations, IP phones, access points, and servers, as well as function as aggregators on local-area networks and wide-area networks; and routers that interconnects public and private wireline and mobile networks for mobile, data, voice, and video applications. The company also offers set-top boxes, cable modem termination systems, hybrid fiber coaxial access network products, quadrature amplitude modulation products, and cable modems; and video software and solutions. In addition, it provides collaboration products comprising IP phones, call center and messaging products, unified communications infrastructure products, and Web-based collaborative offerings, as well as telepresence systems; and security products such as firewall, intrusion prevention, remote access, virtual private networks, unified clients, network admission control, Web gateways, and email gateways, which deliver identity, network, and content security solutions for mobile, collaborative, and cloud-enabled businesses. Further, the company offers wireless products consisting of wireless access points and network managed services, as well as standalone, switch-converged, and cloud managed solutions; and data center products, which include blade and rack servers, fabric interconnects, software, and server access virtualization solutions; and other products, such as emerging technologies and other networking products. Additionally, it provides technical support services and advanced services. The company was founded in 1984 and is headquartered in San Jose, California.
Tag Helper ~ Stock Code: CSCO | Common Company name: Cisco | Full Company name: Cisco Systems Inc (NASDAQ:CSCO) .