Company Update: Cisco Systems Inc (NASDAQ:CSCO) – 10th Annual Cisco Visual Networking Index (VNI) Mobile Forecast Projects 70 Percent of Global Population Will Be Mobile Users With 1.5 Connections per Capita by 2020

[Marketwired] – Cisco — Since 2000, when the first camera phone was introduced, the number of mobile users has quintupled. By 2020, there will be 5.5 billion mobile users, representing 70 percent of the global population … Read more on this. Cisco Systems, Inc. (CSCO) , valued at $115.31B, started the session at $23.05. Today’s price range has been between $22.58 and $23.09 per share with a one year range of $22.47 to $30.31. CSCO shares are currently priced at 10.06x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.33x earnings multiple for the same period. And for those looking to make a return holding the stock, 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 better 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. The average price target for CSCO shares by the analysts covering the stock is $30.50, which is 32.32% 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 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