Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco ruling could lead to ban on Arista tech imports

[at MarketWatch] – Cisco Systems Inc. notched a victory on Tuesday in its legal battle against rival Arista Networks Inc., winning a ruling from a federal agency that could lead to a halt on imports of Arista’s networking … Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $115.89B, started the session at $23.15. A quick look at the market, the company’s stock traded between $22.73 and $23.25 and has traded between $22.47 and $30.31 over the past year. CSCO shares are currently priced at 10.34x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.33x forward p/e ratio. And for passive income investors, the company pays shareholders $0.84 per share annually in dividends, yielding 3.53%. In a review of the consensus earnings estimate this quarter, 34 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 improvement than last year’s full-year earnings. 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. When considering if the stock is under or overvalued, the average price target is $30.57, which is 32.05% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Calls Arista Antitrust Suit ‘Bogus’ 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