Cisco Systems (CSCO - Free Report) closed the most recent trading day at $45.94, moving +0.26% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.
Heading into today, shares of the seller of routers, switches, software and services had lost 3.46% over the past month, outpacing the Computer and Technology sector's loss of 4.86% and lagging the S&P 500's loss of 3.08% in that time.
Investors will be hoping for strength from CSCO as it approaches its next earnings release, which is expected to be November 21, 2018. The company is expected to report EPS of $0.72, up 18.03% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.87 billion, up 6.07% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.97 per share and revenue of $51.49 billion, which would represent changes of +14.23% and +4.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CSCO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. CSCO is currently a Zacks Rank #2 (Buy).
In terms of valuation, CSCO is currently trading at a Forward P/E ratio of 15.42. This represents a discount compared to its industry's average Forward P/E of 17.78.
Also, we should mention that CSCO has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CSCO's industry had an average PEG ratio of 2.11 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Cisco Systems (CSCO - Free Report) closed the most recent trading day at $45.94, moving +0.26% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.
Heading into today, shares of the seller of routers, switches, software and services had lost 3.46% over the past month, outpacing the Computer and Technology sector's loss of 4.86% and lagging the S&P 500's loss of 3.08% in that time.
Investors will be hoping for strength from CSCO as it approaches its next earnings release, which is expected to be November 21, 2018. The company is expected to report EPS of $0.72, up 18.03% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.87 billion, up 6.07% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.97 per share and revenue of $51.49 billion, which would represent changes of +14.23% and +4.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CSCO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. CSCO is currently a Zacks Rank #2 (Buy).
In terms of valuation, CSCO is currently trading at a Forward P/E ratio of 15.42. This represents a discount compared to its industry's average Forward P/E of 17.78.
Also, we should mention that CSCO has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CSCO's industry had an average PEG ratio of 2.11 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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