Company Update (NASDAQ:CSCO): Cisco Stock to Trade Ex-Dividend (CSCO)

[at Investopedia] – Cisco Systems will send its dividend payment on April 27 to shareholders of record as of April 6. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $143.16B, began trading this morning at $28.30. During the trading session, CSCO traded between $28.13 to $28.58 with a one year range of $22.46 to $29.90. CSCO shares are currently priced at 12.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.87x earnings multiple. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.73%. According to a consensus of 35 analysts, the earnings estimate of $0.55 per share 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’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.99 Billion. If realized, that would be a 1.24% decrease over the year-ago quarter. More recently, 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 1.34% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Here’s One Reason Cisco (CSCO) Stock Is Down Today Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Higher on Recent Investments Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute
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