Market Update (NASDAQ:CSCO): [$$] Cisco, Juniper, Alcatel-Lucent Boosted by Trend

[at Barrons.com] – Cisco Systems’ (CSCO) share fell 296 basis points quarter-over-quarter and 82 basis points year-over-year to end at 34.5%. While Juniper Networks (JNPR) dropped 16 basis points quarter-over-quarter, share rose 316 basis points year-over-year (marking two consecutive quarters of year-over-year gains) to finish with 16.2%. Huawei’s [of China] share grew 401 basis points quarter-over-quarter, but fell 98 basis points year-over-year (halting seven quarters of year-over-year gains) to reach 20.1%. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $135.21B, opened this morning at $26.95. During the trading session, CSCO traded between $26.59 to $26.97 with a one year range of $22.46 to $29.90. CSCO shares are currently priced at 11.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.12x earnings multiple. And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 3.94%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.55 per share, which would be $0.01 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.30, which would be a $0.09 better than last year. 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. In terms of ratings, 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 $28.83, which is 6.98% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Analyzing Cisco’s Return on Equity (ROE) (CSCO) Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco reviews code after Juniper breach; more scrutiny expected Stock Update (NASDAQ:CSCO): Cisco-Ericsson Deal Pushes Juniper Aside