Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Stock Trades Ex-Dividend Tuesday (CSCO)

[at Investopedia] – Cisco will send its dividend payment on July 27 to shareholders of record as of July 7. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $142.34B, started the session at $28.23. During the trading session, CSCO traded between $28.22 to $28.62 with a one year range of $22.46 to $29.49. Cisco (CSCO) shares are currently priced at 12.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -5.21x earnings multiple for the same period. The company pays shareholders $1.04 per share in dividend income per year, for a current yield of 3.61%. According to a consensus of 32 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. The full-year EPS estimate is $2.33, which would be a $0.12 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.57 Billion. If reported, that would be a 2.10% decrease over the year-ago quarter. Recently, Goldman downgraded CSCO from Buy to Neutral (Jun 15, 2016). Previously, JP Morgan upgraded CSCO from Underweight to Neutral. Investors should keep in mind is that the average price target is $30.92, which is 9.53% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Will Cisco Systems (CSCO) Stock Be Helped by Positive UBS View? 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