Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute

[at TheStreet] – U.S. Court of Appeals for the Federal Circuit ruled on Monday that Cisco Systems (CSCO) did not infringe a patent holding company’s WiFi technology. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $140.96B, began trading this morning at $27.44. Shares have traded today between $27.40 and $27.82 per share with a one year range of $23.03 to $30.31. CSCO shares are currently priced at 12.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.87x earnings multiple. And for income investors, the company pays shareholders $0.84 per share annually in dividends, yielding 3.07%. According to a consensus of 35 analysts, the earnings estimate of $0.54 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.27, which would be a $0.06 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.78 Billion. If realized, that would be a 1.34% decrease over the year-ago quarter. More recently, Morgan Stanley downgraded CSCO from Overweight to Equal-Weight (Aug 17, 2015). Previously, Macquarie Initiated CSCO at to Underperform. The average price target for CSCO shares by the analysts covering it is $30.63, which is 11.63% above where the stock opened. See more in (NASDAQ:CSCO) Similar Articles: Stock Update (NASDAQ:CSCO): Cisco wins U.S. patent dispute over wifi technology Company Update (NASDAQ:CSCO): Cisco Systems (CSCO) Stock Rises as CEO Focuses on New Strategies Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Climbs on Citi ‘Buy’ Rating