Company Update (NASDAQ:CSCO): Cisco Systems (CSCO) Stock Edges Higher, to Invest in India’s Digital Efforts

[at TheStreet] – Cisco Systems (CSCO) stock is inching up late Friday morning as the company will invest more than $100 million in India to support the country’s digital efforts. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $141.28B, began trading this morning at $28.32. Looking at today’s trading action, the company’s one day range from $27.97 to $28.38 with a one year range of $22.46 to $29.90. CSCO shares are currently priced at 12.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.56x 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 3.76%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.30, which would be a $0.09 better 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 $11.97 Billion. If realized, that would be a 1.40% 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. The average price target for CSCO shares by the analysts covering it is $28.91, which is 2.08% above where the stock opened. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Higher on Recent Investments Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils Digital Network Architecture to Accelerate Customer Digital Transformation Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute