Stock Update (NASDAQ:CSCO): Cisco Subscription Software Growth, Dividends Are Bright Spots

[at Investor’s Business Daily] – Cisco Systems (CSCO) stock has bounced back nearly 20% since Feb. 11 and while there could be more upside in 2016, weaker spending by telecom customers could impact April-quarter results, says Pacific … Read more on this. Cisco Systems, Inc. (CSCO) , with a current value of $134.96B, started the session at $27.16. Looking at today’s market, CSCO one day range is $26.61 to $27.19 with a trailing 52-week range being $22.46 to $29.90. Cisco (CSCO) shares are currently priced at 11.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.40x earnings multiple for the same period. 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. The full-year EPS estimate is $2.30, which would be a $0.09 better than last year. 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. More recently, 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 9.06% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Market Update: Cisco Systems Inc (NASDAQ:CSCO) – How Cisco’s Security and Routing Segment Drives Revenue Growth Market Update: Cisco Systems Inc (NASDAQ:CSCO) – CableLabs and Cisco Announce Open Source Software for Future of Virtualization in Cable Stock Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco CEO Robbins Dishes on Arista, Trumpets ‘Solid, Positive Growth’ Outlook