Market Update (NASDAQ:CSCO): Why Cisco (CSCO) Stock Is Still a ‘Buy’ at TheStreet

Cisco Systems Inc (NASDAQ:CSCO)

Cisco Systems, Inc. (CSCO), valued at $126.44B, started trading this morning at $24.55.

[at TheStreet] – TheStreet Ratings team reiterates its ‘buy’ rating for Cisco (CSCO) with a ratings score of A.
Read more on this.

Shares have traded today between $24.52 and $24.72 per share and has traded between $20.22 and $26.08 over the past year.

Cisco (CSCO) shares are currently priced at 11.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -56.79x earnings multiple for the same period.

And for those looking to make a return holding the stock, the company pays shareholders $0.76 per share annually in dividends, yielding 3.10%.

In a review of the consensus earnings estimate this quarter, 39 sell-side analysts are looking at $0.53 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $2.16, which would be a $0.10 better than last year.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $12.16 Billion. If realized, that would be a 0.66% increase over the year-ago quarter.

More recently, Standpoint Research downgraded CSCO from Buy to Hold (Apr 22, 2014). Previously, Wunderlich downgraded CSCO from Buy to Hold.

The average price target for CSCO shares by the analysts covering the stock is $26.44, which is 7.70% above where the stock opened this morning.

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) .

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NYSE, NASDAQ, Market Data, Earnings Estimates, Analyst Ratings and Key Statistics provided via Yahoo Finance, unless otherwise specified. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Jutia Group will not be liable for any errors, incompleteness or delays, or for any actions taken in reliance on the data displayed herein.

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