Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Here’s One Reason Cisco (CSCO) Stock Is Down Today

[at TheStreet] – Cisco (CSCO) stock is declining after JPMorgan analysts said the company could be negatively affected by Google’s (GOOGL) growing cloud computing services. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $140.04B, started trading this morning at $28.26. Looking at today’s market, CSCO one day range is $27.73 to $28.28 with a trailing 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 12.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.78x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.69%. 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. The full-year EPS estimate is $2.30, which would be a $0.09 better than last year. 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 2.94% 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