Stock Update (NASDAQ:CSCO): Pacific Crest to Host Tech Talk With Cisco on "The Rise of the Digital CEO"

[Marketwired] – Cisco will host a Tech Talk with Pacific Crest to discuss “The Rise of the Digital CEO”. Kevin Bandy, Senior Vice President and Chief Digital Officer, will address questions on this subject during … Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $142.06B, began trading this morning at $27.97. Looking at today’s trading action, the company’s one day range from $27.72 to $28.28 with its 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 12.02x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.70x forward p/e ratio. The company pays shareholders $1.04 per share annually in dividends, yielding 3.76%. 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. What we find to be interesting is 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 predicated on a consensus revenue forecast of $11.98 Billion. If reported, 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. The average price target for CSCO shares by the analysts covering it is $29.37, which is 5.01% above where the stock opened. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils Digital Network Architecture to Accelerate Customer Digital Transformation Market Update (NASDAQ:CSCO): Deutsche Bank and Cisco to Host Service Provider Tech Talk Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest