Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Transforms Storage and Delivery for Multiscreen Video

[Marketwired] – CES 2016 — At CES this week, Cisco is showing how pay-TV operators, content providers and media companies can lower costs and drive revenue from new services, by transforming their video operations with … Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $132.41B, opened this morning at $26.08. Looking at today’s trading action, the company’s one day range from $25.82 to $26.13 with the price of the stock fluctuating between $23.03 to $30.31 over the last 52 weeks. CSCO shares are currently priced at 11.58x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.01x earnings multiple for the same period. The company pays shareholders $0.84 per share annually in dividends, yielding 3.09%. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.54 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.27 which would be a $0.06 better than last year’s full-year earnings. 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. In terms of ratings, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. Investors should keep in mind is that the average price target is $30.63, which is 17.45% above where the stock 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 Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Climbs on Citi ‘Buy’ Rating Company Update: Cisco Systems Inc (NASDAQ:CSCO) – IBC 2015: Cisco Premiers Software-Centric Media Architecture, Transforming Broadcast and Video Production to Handle Massive Video Consumption