Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Apple A Big Winner From Mobile World Congress

[Benzinga] – On Monday, Drexel Hamilton issued a note on the IT hardware and software industry, specifically highlighting Apple Inc. (NASDAQ: AAPL ) and Cisco Systems, Inc. (NASDAQ: CSCO ) as being well positioned … Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $131.74B, began trading this morning at $26.42. Today’s price range has been between $26.15 and $26.65 per share with a trailing 52-week range being $22.46 to $30.31. CSCO shares are currently priced at 11.43x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.12x earnings multiple for the same period. The company pays shareholders $1.04 per share annually in dividends, yielding 3.91%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.31, which would be a $0.10 better 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 $11.99 Billion. If realized, that would be a 1.24% decrease over the year-ago quarter. In terms of ratings, Jefferies upgraded CSCO from Hold to Buy (Feb 11, 2016). Previously, Macquarie upgraded CSCO from Underperform to Neutral. With the above information in mind, readers should note that the average price target is $28.83, which is 9.12% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: 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 Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Apple partners with Cisco to boost enterprise business