Stock Update (NASDAQ:CSCO): Dimension Data and Cisco Celebrate 25 Years of Partnering

[Business Wire] – LONDON & SAN JOSE, Calif.–(BUSINESSWIRE)– Today Dimension Data and Cisco are excited to celebrate the 25th anniversary of our strategic business relationship. Long-time and new clients have stayed on the cutting edge with Dimension Data’s leadership and rapid pace of launching innovative campaigns in Security, Cloud, Collaboration, Cisco Application Centric Infrastructure (Cisco ACI™) and a burgeoning Digital Practice. Brett Dawson, Dimension Data’s Group CEO, said, “Partnering with Cisco plays a key role in ensuring that we consistently deliver world -class solutions and services to our clients to accelerate their ambitions. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $132.29B, started trading this morning at $26.49. Today’s price range has been between $26.20 and $26.54 per share and has traded between $22.46 and $30.31 over the past year. CSCO shares are currently priced at 11.36x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.95x earnings multiple for the same period. And for those looking to make a return holding the stock , the company pays shareholders $1.04 per share annually in dividends, yielding 3.92%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.55 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.30 which would be a $0.09 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.99 Billion. If realized, that would be a 1.24% decrease over the year-ago quarter. Recently, Jefferies upgraded CSCO from Hold to Buy (Feb 11, 2016). Previously, Macquarie upgraded CSCO from Underperform to Neutral. The average price target for CSCO shares by the analysts covering it is $29.10, which is 9.85% 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? Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Stop the presses: Cisco says Cisco CEO is in charge of Cisco