Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Jim Cramer: Cisco (CSCO) Acquisition of Synata ‘Game Changing’

[at TheStreet] – Cisco (CSCO) may be able to tap into a new addressable market thanks to its acquisition of Synata earlier this week, TheStreet’s Jim Cramer says. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $139.66B, opened this morning at $27.82. A quick look at the market, the company’s stock traded between $27.68 and $27.91 with a one year range of $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 for the same period. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.83%. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.55 per share, which 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 improvement than last year’s full-year earnings. 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. More 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 3.63% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Up On German Investment Plan, Synata Acquisition Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Takes A Leap In IoT With Jasper Acquisition Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute