Market Update (NASDAQ:CSCO): Will Cisco Systems (CSCO) Stock Gain Today From RBC Capital’s Bullish Outlook?

[at TheStreet] – Cisco Systems (CSCO) stock coverage was initiated by analysts at RBC Capital Markets who cited several catalysts. Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $139.46B, started trading this morning at $27.48. Looking at today’s market, CSCO one day range is $27.49 to $27.83 with its 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 12.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.56x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.73%. 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. 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. Investors should keep in mind is that the average price target is $28.83, which is 4.91% 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 Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – The Bullish and Bearish Case for Cisco in 2016