Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils New Data Center Innovations to Accelerate Hybrid Cloud Deployments

[Marketwired] – Today Cisco announced data center technology innovations in three key areas: networking, hyperconverged infrastructure, and hybrid cloud orchestration which will enable application-centric hybrid cloud … Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $135.20B, opened this morning at $26.45. Looking at today’s trading action, the company’s one day range from $26.24 to $26.93 and has traded between $22.46 and $30.12 over the past 12 months. CSCO shares are currently priced at 11.38x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.12x earnings multiple. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.94%. According to a consensus of 34 analysts, the earnings estimate of $0.55 per share 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 $2.30, which would be a $0.09 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 $11.97 Billion. If realized, that would be a 1.40% 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. Given all the information above, we should disclose to readers that the average price target is $28.83, which is 9.00% above than it 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