Company Update (NASDAQ:CSCO): Cisco May Be Headed for a Breakout: Must-See Charts

[at TheStreet] – If Cisco can break past resistance, the stock has plenty of room to run. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $139.90B, opened this morning at $27.73. Looking at the equity, the company’s one day range is $27.52 to $27.77 and has traded between $23.03 and $30.31 over the past 12 months. CSCO shares are currently priced at 12.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.87x earnings multiple. The company pays shareholders $0.84 per share annually in dividends, yielding 3.07%. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.54 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.27 would be a $0.06 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.78 Billion. If reported, that would be a 1.34% decrease over the year-ago quarter. More recently, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. Given all the information above, we should disclose to readers that the average price target is $30.63, which is 10.46% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Inches Ahead After Barclays Begins Coverage Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Stop the presses: Cisco says Cisco CEO is in charge of Cisco