Market Update (NASDAQ:CSCO): Cisco Continues to Lead in the Switching and Router Market

[Market Realist] – Cisco’s share in the overall switching and router market was 56% in 4Q15. Cisco’s market share was also 56%, similar to 2014. Read more on this. Cisco Systems, Inc. (CSCO) , currently valued at $135.10B, started the session at $26.96. Today’s price range has been between $26.68 and $26.96 per share with its 52-week range being $22.46 to $29.90. Priced at 11.68x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 19.08x forward p/e ratio. The company pays shareholders $1.04 per share annually in dividends, yielding 3.97%. 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 6.94% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco ruling could lead to ban on Arista tech imports Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco (CSCO) Stock Be Affected by Bigger Than Expected Router Attack? Company Update (NASDAQ:CSCO): Cisco router break-ins bypass cyber defences