Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Higher on Recent Investments

[at TheStreet] – Shares of Cisco (CSCO) are up this afternoon after recently investing in a number of startups. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $138.86B, started trading this morning at $27.24. Looking at today’s market, CSCO one day range is $27.12 to $27.80 with its 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 11.76x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.86x earnings multiple. 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. 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. In terms of ratings, 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 5.84% 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) – Investments and Partnership in Digital Acceleration Drive – Report on Cisco systems