Stock Update (NASDAQ:CSCO): Cisco Stock Could Head Higher After Earnings — Plus Jim Cramer’s Take

[at TheStreet] – The bet is that Cisco will beat on both the top and bottom line on Wednesday, sending the shares higher. Read more on this. Cisco Systems, Inc. (CSCO) , with a current market cap of $135.14B, finished at $26.97. Looking at the equity, the company’s one day range is $26.85 to $27.06 with its 52-week range being $22.46 to $29.90. CSCO shares are currently priced at 11.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -2.26x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 3.92%. According to a consensus of 33 analysts, the earnings estimate of $0.55 per share would be $0.01 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.27, which would be a $0.06 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.97 Billion. If reported, that would be a 1.40% 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 $29.68, which is 10.05% above where the stock opened this morning. See more in (NASDAQ:CSCO) Similar Articles: Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Here’s One Reason Cisco (CSCO) Stock Is Down Today Company Update (NASDAQ:CSCO): Cisco Systems (CSCO) Stock Edges Higher, to Invest in India’s Digital Efforts Company Update: Cisco Systems Inc (NASDAQ:CSCO) – Cisco (CSCO) Stock Higher on Recent Investments