Stock Update (NASDAQ:CSCO): Cisco unveils network sensors to monitor data centers

[at MarketWatch] – Cisco Systems Inc. says many companies don’t know enough about what is going on in their data centers, but it has a plan to change that. Read more on this. Cisco Systems, Inc. (CSCO) , valued at $144.10B, opened this morning at $28.50. Looking at today’s trading action, the company’s one day range from $28.41 to $28.86 with a trailing 52-week range being $22.46 to $29.49. CSCO shares are currently priced at 12.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.38x earnings multiple. The company pays shareholders $1.04 per share annually in dividends, yielding 3.58%. 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 based on a consensus revenue forecast of the current quarter of $12.58 Billion. If realized, that would be a 2.02% decrease over the year-ago quarter. In terms of ratings, Goldman downgraded CSCO from Buy to Neutral (Jun 15, 2016). Previously, JP Morgan upgraded CSCO from Underweight to Neutral. Given all the information above, we should disclose to readers that the average price target is $30.86, which is 8.28% above than it opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils Digital Network Architecture to Accelerate Customer Digital Transformation Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Unveils New Data Center Innovations to Accelerate Hybrid Cloud Deployments Company Update: Cisco Systems Inc (NASDAQ:CSCO) – MTS and Cisco Build the First Intelligent Network Self-adjusting to Subscribers’ Demands in Russia