Market Update (NASDAQ:CSCO): Dimension Data and Cisco Announce Project to Protect Rhino by Tracking People

[Business Wire] – JOHANNESBURG & SAN JOSE, Calif.–(BUSINESSWIRE)– South Africa-headquartered technology company, Dimension Data, and worldwide leader in networking, Cisco, today announced an initiative aimed at dramatically reducing the number of rhinos being poached in South Africa. The two companies have deployed some of the world’s most sophisticated technology in an unnamed private game reserve adjacent to the world-renowned Kruger National Park to monitor and track individuals from the time they enter the reserve gates, until they exit. Over time, the technology will be replicated in other reserves in South Africa, Africa, and globally, to not only protect rhino, but conserve other endangered species including elephants, lions, pangolin, tigers in India and Asia, and even sea rays in the ocean. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $142.11B, started the session at $28.42. Today, shares have traded between $28.16 and $28.51 per share and has traded between $22.46 and $29.90 over the past year. Priced at 12.37x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry’s 14.04x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.67%. In a review of the consensus earnings estimate this quarter, 34 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. In looking at the bigger picture, the full-year EPS estimate of $2.30 would be a $0.09 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.98 Billion. If reported, that would be a 1.32% decrease over the year-ago quarter. Recently, JP Morgan upgraded CSCO from Underweight to Neutral (Apr 6, 2016). Previously, BofA/Merrill downgraded CSCO from Buy to Neutral. Investors should keep in mind is that the average price target is $29.37, which is 3.34% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils New Data Center Innovations to Accelerate Hybrid Cloud Deployments Stock Update (NASDAQ:CSCO): Dimension Data and Cisco Celebrate 25 Years of Partnering Market Update: Cisco Systems Inc (NASDAQ:CSCO) – CableLabs and Cisco Announce Open Source Software for Future of Virtualization in Cable