Company Update (NASDAQ:CSCO): Cisco CEO Chuck Robbins sets engineering goals in latest big reorganization

[at American City Business Journals] – Cisco Systems CEO Chuck Robbins on Monday sent another message that he is ready to revamp the networking equipment giant. The company’s engineers are now lining up in four units aimed at where Robbins sees Cisco’s biggest opportunities in the future. The fourth will concentrate on applications and the Internet of Things (IoT). Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $142.23B, opened at $28.07. During the trading session, CSCO traded between $27.90 to $28.29 with the price of the stock fluctuating between $22.46 to $29.90 over the last 52 weeks. Cisco (CSCO) shares are currently priced at 12.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.28x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.67%. According to a consensus of 35 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. Investors should also note that the full-year EPS estimate of $2.30 is a $0.09 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 $11.99 Billion. If realized, that would be a 1.24% 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. Investors should keep in mind is that the average price target is $29.09, which is 3.63% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins on Strategic Partnerships Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins Dishes on Arista, Trumpets ‘Solid, Positive Growth’ Outlook Market Update (NASDAQ:CSCO): Cisco CEO Robbins: Will Evaluate with Ericsson Small Cell, Enterprise Opportunities