Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest

[at TheStreet] – Pacific Crest cut its price target on Cisco Systems (CSCO) stock, but maintained its ‘overweight’ rating. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $127.03B, opened at $25.42. During the trading session, CSCO traded between $25.02 to $25.52 with the price of the stock fluctuating between $23.03 to $30.31 over the last 52 weeks. CSCO shares are currently priced at 10.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.54x forward p/e ratio. And for income investors, the company pays shareholders $0.84 per share annually in dividends, yielding 3.39%. 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. In looking at the bigger picture, the full-year EPS estimate of $2.27 would be a $0.06 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.77 Billion. If realized, that would be a 1.42% decrease over the year-ago quarter. Recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. With the above information in mind, readers should note that the average price target is $31.02, which is 22.03% above where the stock 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 Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Climbs on Citi ‘Buy’ Rating Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco (CSCO) Stock Be Affected by Bigger Than Expected Router Attack?