Company Update (NASDAQ:CSCO): NextEV Names Former Cisco Executive Warrior to Lead Tesla Chase

[at Bloomberg] – NextEV Inc. named Padmasree Warrior, Cisco Systems Inc.’s former technology chief, to lead U.S. operations as the Chinese electric-car startup takes on Tesla Motors Inc. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $136.47B, started the session at $27.00. Today’s price range has been between $26.88 and $27.11 per share and has traded between $23.03 and $30.31 over the past year. Cisco (CSCO) shares are currently priced at 11.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.84 per share annually in dividends, yielding 3.21%. According to a consensus of 35 analysts, the earnings estimate of $0.54 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $2.27 is a $0.06 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.78 Billion. If realized, that would be a 1.34% decrease over the year-ago quarter. More recently, Morgan Stanley downgraded CSCO from Overweight to Equal-Weight (Aug 17, 2015). Previously, Macquarie Initiated CSCO at to Underperform. When considering if the stock is under or overvalued, the average price target is $30.63, which is 13.44% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Inches Ahead After Barclays Begins Coverage Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco (CSCO) Stock Be Affected by Bigger Than Expected Router Attack? Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Stop the presses: Cisco says Cisco CEO is in charge of Cisco