Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Up On German Investment Plan, Synata Acquisition

[at TheStreet] – Cisco (CSCO) stock is increasing after the company announced plans to invest in research and education programs in Germany, as well as the acquisition of the search technology startup Synata. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $136.12B, opened this morning at $26.99. Looking at the stock, its one day range is $26.69 to $27.30 with a one year range of $22.46 to $29.90. Cisco (CSCO) shares are currently priced at 11.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.86x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.88%. 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. Investors should also note that the full-year EPS estimate of $2.31 is a $0.10 better when compared to the previous 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. 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 6.82% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises, William Blair Applauds Apple Partnership 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