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Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Why Cisco Systems Remains a Top Stock to Own for the Decade

[at 24/7 Wall St.] – Cisco Systems was just renamed as one of 24/7 Wall St.’s 10 stocks to own for the decade. Believe it or not, Cisco was the only technology stock to make the list. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $131.89B, opened this morning at $26.46. During today’s session, CSCO traded between $26.21 to $26.57 with the price of the stock fluctuating between $22.46 to $29.90 over the last 52 weeks. CSCO shares are currently priced at 11.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.40x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 3.78%. Consensus earnings for the current quarter by the 34 sell-side analysts covering the stock is an estimate of $0.55 per share, which would be $0.01 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.30 would be a $0.09 improvement 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. In terms of ratings, JP Morgan upgraded CSCO from Underweight to Neutral (Apr 6, 2016). Previously, BofA/Merrill downgraded CSCO from Buy to Neutral. The average price target for CSCO shares by the analysts covering the stock is $29.62, which is 11.94% above where the stock 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
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