Company Update (NASDAQ:CSCO): Cisco Earnings Preview: Currency Headwinds May Offset Better Carrier Spending

[at Forbes] – Cisco is scheduled to release its Q2 fiscal 2016 (ended January) earnings on Wednesday, February 10th. While the company managed to surpass market expectations with its Q1 results, its guidance for the recently concluded quarter wasn’t promising. Citing macroeconomic uncertainty leading to weak order growth and currency headwinds as the Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $114.92B, started trading this morning at $22.60. Looking at the equity, the company’s one day range is $22.53 to $22.86 with its 52-week range being $22.47 to $30.31. Priced at 10.15x this year’s forecasted earnings, CSCO shares are relatively inexpensive compared to the industry ’s 13.33x forward p/e ratio. The company pays shareholders $0.84 per share annually in dividends, yielding 3.67%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.54 per share, which would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.26, which would be a $0.05 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.76 Billion. If reported, that would be a 1.51% decrease over the year-ago quarter. In terms of ratings, Macquarie upgraded CSCO from Underperform to Neutral (Feb 8, 2016). Previously, Drexel Hamilton Initiated CSCO at to Buy. With the above information in mind, readers should note that the average price target is $29.90, which is 32.30% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: 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 Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco Systems (CSCO) Stock Rises After Winning U.S. Patent Dispute