Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Helped by Positive UBS View?

[at TheStreet] – Cisco Systems (CSCO) stock is lower in after-hours trading Monday even though UBS issued a positive analyst note about the company. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $141.60B, opened this morning at $28.40. During today’s session, CSCO traded between $28.01 to $28.41 and has traded between $22.46 and $29.90 over the past 12 months. CSCO shares are currently priced at 12.38x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.74x forward p/e ratio. And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.62%. In a review of the consensus earnings estimate this quarter, 35 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. Investors should also note that the full-year EPS estimate of $2.30 is a $0.09 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.97 Billion. If reported, 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. When considering if the stock is under or overvalued, the average price target is $28.68, which is 0.99% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: 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) – Will Cisco (CSCO) Stock Be Helped by Efforts to Enhance Security Portfolio? Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins Dishes on Arista, Trumpets ‘Solid, Positive Growth’ Outlook