Market Update (NASDAQ:CSCO): Want a Safe Dividend for 2016? Buy Cisco

[at TheStreet] – With a net cash position of roughly $34 billion, Cisco has lots of ways to return cash to shareholders via buybacks and higher dividends. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $137.84B, opened this morning at $27.32. Today, shares have traded between $27.14 and $27.45 per share with the price of the stock fluctuating between $23.03 to $30.31 over the last 52 weeks. Priced at 11.96x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 12.01x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.84 per share annually in dividends, yielding 3.02%. 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 improvement than last year’s full-year earnings. 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. Recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. When considering if the stock is under or overvalued, the average price target is $30.63, which is 12.12% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco (CSCO) Stock Be Helped by Efforts to Enhance Security Portfolio? Market Update (NASDAQ:CSCO): Better Dividend Stock: Oracle or Cisco Systems? Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Undervalued With a 3% Dividend Yield