Market Update (NASDAQ:CSCO): Cisco Annual Security Report Reveals a Decline in Defender Confidence and the Increased Impact of Industrialized Attackers

[Marketwired] – The Cisco® 2016 Annual Security Report released today, which examines threat intelligence and cybersecurity trends, reveals that only 45 percent of organizations worldwide are confident in their security … Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $121.37B, started trading this morning at $23.96. Today’s price range has been between $23.82 and $23.99 per share with a trailing 52-week range being $23.03 to $30.31. CSCO shares are currently priced at 10.41x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 11.27x earnings multiple for the same period. The company pays shareholders $0.84 per share annually in dividends, yielding 3.56%. 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. Investors should also note that the full-year EPS estimate of $2.27 is a $0.06 improvement 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. More recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. The average price target for CSCO shares is $30.78, which is 28.46% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco announces plans to acquire security company for $452.5 million Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Deutsche Bank and Cisco to Host a Conference Call on Next Generation Security Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco-Sponsored Study Reveals 53 Percent of Organizations Expect Cloud to Drive Increased Revenue Over Next Two Years and 44 Percent of Organizations Are Either Using or Planning to Implement Private Cloud, Signaling Second Wave of Cloud Ad