Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins on Strategic Partnerships

[at Bloomberg] – Cisco Systems CEO Chuck Robbins discusses the pace of change in tech and his outlook for the company in 2016. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg) Read more on this. Cisco Systems, Inc. (CSCO) , valued at $118.27B, began trading this morning at $23.55. Looking at the stock, its one day range is $23.22 to $23.63 with a trailing 52-week range being $22.47 to $30.31. Cisco (CSCO) shares are currently priced at 10.09x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 11.27x earnings multiple for the same period. 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. Investors should also note 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. More recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. Investors should keep in mind is that the average price target is $30.75, which is 30.57% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins Dishes on Arista, Trumpets ‘Solid, Positive Growth’ Outlook Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Climbs on Citi ‘Buy’ Rating