Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Takes A Leap In IoT With Jasper Acquisition

[at Forbes] – Cisco, taking a big step forward in its quest to develop an efficient ecosystem for the Internet of Things (IoT), recently announced the acquisition of Jasper, one of the largest IoT platform providers in the world. The acquisition, valued at $1.4 billion, is expected to provide Cisco a much-needed push in Read more on this. Cisco Systems, Inc. (CSCO) , valued at $116.37B, began trading this morning at $23.51. Looking at today’s market, CSCO one day range is $22.85 to $23.66 with a one year range of $22.47 to $30.31. CSCO shares are currently priced at 10.37x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.33x earnings multiple. The company pays shareholders $0.84 per share annually in dividends, yielding 3.58%. According to a consensus of 34 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.27, which would be a $0.06 improvement when compared to the last 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 $30.50, which is 29.73% 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 Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Inches Ahead After Barclays Begins Coverage