Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – The Bullish and Bearish Case for Cisco in 2016

[at 24/7 Wall St.] – It is too soon to call the rocky start of 2016 an end to a bull market that would otherwise be about seven years long. But what lies ahead for Dow component Cisco Systems in 2016? Read more on this. Cisco Systems, Inc. (CSCO) , valued at $127.90B, started trading this morning at $25.46. Today, shares have traded between $25.14 and $25.74 per share and has traded between $23.03 and $30.31 over the past year. CSCO shares are currently priced at 11.46x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.72x earnings multiple. And for passive income investors, the company pays shareholders $0.84 per share annually in dividends, yielding 3.09%. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.54 per share, which 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’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. More recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. Given all the information above, we should disclose to readers that the average price target is $30.63, which is 20.31% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Inches Ahead After Barclays Begins Coverage Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Climbs on Citi ‘Buy’ Rating