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Market Update (NASDAQ:CSCO): Cisco Bets Big on Data Center Analytics

[at Investopedia] – Cisco’s (NASDAQ: CSCO) fiscal third-quarter earnings release was a testament to the direction new-ish CEO Chuck Robbins is taking the former king of network connectivity. The company’s focus on cloud-based … Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $145.21B, started trading this morning at $28.40. During today’s session, CSCO traded between $28.37 to $28.92 and has traded between $22.46 and $29.49 over the past 12 months. Cisco (CSCO) shares are currently priced at 12.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.38x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.61%. According to a consensus of 33 analysts, the earnings estimate of $0.60 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is 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. More recently, Goldman downgraded CSCO from Buy to Neutral (Jun 15, 2016). Previously, JP Morgan upgraded CSCO from Underweight to Neutral. The average price target for CSCO shares is $30.76, which is 8.31% 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 Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Analyzing Cisco’s Return on Equity (ROE) (CSCO) Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Price Target Lowered at Pacific Crest
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