Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – C&W Business to Offer Cisco Collaboration as a Service Over Its MPLS Networks

[Marketwired] – C&W Business, a division of Cable & Wireless Communications Plc , today announces that it will offer Cisco® Unified Communications as a Service over its multiprotocol label switching network to its customers … Read more on this. Cisco Systems, Inc. (CSCO) , valued at $142.43B, opened this morning at $28.19. During the trading session, CSCO traded between $28.04 to $28.35 with the price of the stock fluctuating between $22.46 to $29.90 over the last 52 weeks. Cisco (CSCO) shares are currently priced at 12.32x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.28x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.69%. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $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 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. Investors should keep in mind is that the average price target is $28.91, which is 2.55% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco’s Marginal Victory Over Arista Networks 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