Market Update: Cisco Systems Inc (NASDAQ:CSCO) – [$$] Cisco’s Marginal Victory Over Arista Networks

[at Barrons.com] – Credit Suisse The International Trade Commission (ITC) determined Arista Networks has violated three of five Cisco Systems patents. The ITC issued the Initial Determination (ID) on the 944 investigation and found that Arista has infringed three patents (’537, ’592 and ’145), and no infringements were found on the other two patents (’597 and ’164). Specifically, the feature of the patent ’537 is related to Sysdb Initiation that manages a router’s own configuration data. Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $119.49B, opened at $23.11. A quick look at the market, the company’s stock traded between $23.11 and $23.57 with its 52-week range being $22.47 to $30.31. Priced at 10.06x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry ’s 13.33x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.84 per share annually in dividends, yielding 3.58%. According to a consensus of 34 analysts, the earnings estimate of $0.54 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.27 which would be a $0.06 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.76 Billion. If realized, that would be a 1.51% decrease over the year-ago quarter. In terms of ratings, Drexel Hamilton Initiated CSCO at Buy (Oct 9, 2015). Previously, Citigroup Initiated CSCO at to Buy. Investors should keep in mind is that the average price target is $30.50, which is 31.98% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco ruling could lead to ban on Arista tech imports Market Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Calls Arista Antitrust Suit ‘Bogus’ Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins Dishes on Arista, Trumpets ‘Solid, Positive Growth’ Outlook