Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Fortinet Scraps To ‘Make Way’ Against Cisco, Check Point, Palo Alto

[at Investor’s Business Daily] – Cybersecurity firm Fortinet (FTNT) must shed its SMB-only reputation to tackle competitive challenges from rivals Check Point Software Technology (CHKP), Cisco Systems (CSCO) and Palo Alto Networks (PANW), … Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $141.86B, started the session at $27.90. Today, shares have traded between $27.80 and $28.25 per share and has traded between $22.46 and $29.90 over the past year. CSCO shares are currently priced at 12.28x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.57x earnings multiple. And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.73%. 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. In looking at the bigger picture, the full-year EPS estimate of $2.30 would be 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 $11.98 Billion. If reported, that would be a 1.32% decrease over the year-ago quarter. Recently, 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 $29.37, which is 5.27% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Helped by Positive UBS View? 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