Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises, William Blair Applauds Apple Partnership

[at TheStreet] – Cisco Systems (CSCO) stock is advancing Monday as William Blair is optimistic about the company’s progress while working with Apple (AAPL). Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $136.57B, opened at $26.58. Shares have traded today between $26.33 and $27.18 per share with a trailing 52-week range being $22.46 to $29.90. Priced at 11.68x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 20.76x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.88%. 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. 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 is $28.83, which is 8.47% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: 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) – Investments and Partnership in Digital Acceleration Drive – Report on Cisco systems Company Update (NASDAQ:CSCO): Cisco Systems (CSCO) Stock Rises as CEO Focuses on New Strategies