Market Update (NASDAQ:CSCO): Analysts Expect Cisco’s Revenues to Fall in Fiscal 2Q16

[Market Realist] – On February 9, 2016, Cisco (CSCO) is expected to announce its fiscal 2Q16 results after the markets close. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $116.45B, started the session at $23.09. Shares have traded today between $22.87 and $23.45 per share with the price of the stock fluctuating between $22.47 to $30.31 over the last 52 weeks. Priced at 10.09x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 11.27x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.84 per share annually in dividends, yielding 3.52%. 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. What we find to be interesting is that the full-year EPS estimate of $2.27 is 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 $11.76 Billion. If realized, that would be a 1.51% decrease over the year-ago quarter. Recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. The average price target for CSCO shares by the analysts covering it is $30.75, which is 33.17% above where the stock opened. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco (CSCO) Stock Be Affected by Bigger Than Expected Router Attack? Market Update: Cisco Systems Inc (NASDAQ:CSCO) – REMINDER: Cisco Schedules Conference Call for Q4 and Fiscal Year 2015 Financial Results