Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Finserv And Cisco Join Hands To Allow Financial Institutions To Advance Branch Transformation Tactics

[Benzinga] – Fiserv, Inc. (NASDAQ: FISV ) revealed an agreement with Cisco (NASDAQ: CSCO ) to deliver communications solutions that enable financial institutions improve internal collaboration and drive customer engagement. … Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $143.11B, began trading this morning at $28.38. Looking at the equity, the company’s one day range is $28.25 to $28.68 with its 52-week range being $22.46 to $29.90. Priced at 12.26x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 13.57x forward p/e ratio. And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.73%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.55 per share, which 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 $11.98 Billion. If realized, 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. When considering if the stock is under or overvalued, the average price target is $29.37, which is 3.49% 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 Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils Digital Network Architecture to Accelerate Customer Digital Transformation Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest