Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco cofounder explains why CEO pay today is nuts

[Business Insider] – Sandy Lerner will forever be known in the tech industry for a few things: She cofounded Cisco… Read more on this. Cisco Systems, Inc. (CSCO) , valued at $138.99B, started trading this morning at $27.95. A quick look at the market, the company’s stock traded between $27.61 and $28.18 with its 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 12.04x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.70x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.76%. Consensus earnings for the current quarter by the 35 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.30, which would be a $0.09 improvement when compared to the last 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 $29.32, which is 4.90% above where the stock opened. 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 Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute
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