Market Update: Cisco Systems Inc (NASDAQ:CSCO) – How Cisco’s Security and Routing Segment Drives Revenue Growth

[Market Realist] – Cisco’s Security business continues to be an important growth driver. In the company’s last fiscal quarter, its Security segment’s revenue rose 11% YoY. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $138.23B, opened at $27.15. Today’s price range has been between $26.95 and $27.49 per share and has traded between $22.46 and $29.90 over the past year. CSCO shares are currently priced at 12.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.70x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.76%. 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. In looking at the bigger picture, the full-year EPS estimate of $2.30 would be 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 $11.98 Billion. If realized, that would be a 1.32% decrease over the year-ago quarter. In terms of ratings, JP Morgan upgraded CSCO from Underweight to Neutral (Apr 6, 2016). Previously, BofA/Merrill downgraded CSCO from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $29.32, which is 7.99% above than it 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) – Cisco announces plans to acquire security company for $452.5 million