Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils Digital Network Architecture to Accelerate Customer Digital Transformation

[Marketwired] – Cisco Partner Summit — Cisco — Digitization is transforming businesses in every industry, opening up a $2.1 trillion global market opportunity by 2019, according to IDC*. The path to digitization requires … Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $135.36B, started trading this morning at $26.80. Today’s price range has been between $26.60 and $26.91 per share with the price of the stock fluctuating between $22.46 to $29.90 over the last 52 weeks. Priced at 11.38x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 15.12x forward p/e ratio. The company pays shareholders $1.04 per share annually in dividends, yielding 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. The full-year EPS estimate is $2.30, which would be a $0.09 better than last year. 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. In terms of ratings, 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 the stock is $28.83, which is 7.57% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils New Data Center Innovations to Accelerate Hybrid Cloud Deployments Company Update: Cisco Systems Inc (NASDAQ:CSCO) – MTS and Cisco Build the First Intelligent Network Self-adjusting to Subscribers’ Demands in Russia Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Investments and Partnership in Digital Acceleration Drive – Report on Cisco systems