Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Affected as Executives Resign?

[at TheStreet] – Shares of Cisco (CSCO) are higher on Tuesday after four of its top executives resigned from the company after being unsatisfied by a recent management shift. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $146.41B, began trading this morning at $28.90. A quick look at the market, the company’s stock traded between $28.82 and $29.34 with a trailing 52-week range being $22.46 to $29.49. CSCO shares are currently priced at 12.49x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -4.54x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.57%. Consensus earnings for the current quarter by the 33 sell-side analysts covering the stock is an estimate of $0.60 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential increase. Investors should also note that the full-year EPS estimate of $2.33 is a $0.12 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.58 Billion. If reported, that would be a 2.02% decrease over the year-ago quarter. In terms of ratings, JP Morgan upgraded CSCO from Underweight to Neutral (Apr 6, 2016). Previously, BofA/Merrill downgraded CSCO from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $30.86, which is 6.78% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises, William Blair Applauds Apple Partnership Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute