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Cisco Systems (CSCO) Dips More Than Broader Markets: What You Should Know
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Cisco Systems (CSCO - Free Report) closed the most recent trading day at $54.45, moving -1.86% from the previous trading session. This move lagged the S&P 500's daily loss of 1.19%.
Coming into today, shares of the seller of routers, switches, software and services had lost 6.03% in the past month. In that same time, the Computer and Technology sector lost 5.5%, while the S&P 500 lost 3.16%.
Investors will be hoping for strength from CSCO as it approaches its next earnings release. On that day, CSCO is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 6.58%. Meanwhile, our latest consensus estimate is calling for revenue of $12.97 billion, up 8.74% from the prior-year quarter.
CSCO's full-year Zacks Consensus Estimates are calling for earnings of $3.43 per share and revenue of $52.78 billion. These results would represent year-over-year changes of +6.52% and +5.95%, respectively.
Investors should also note any recent changes to analyst estimates for CSCO. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CSCO currently has a Zacks Rank of #3 (Hold).
Digging into valuation, CSCO currently has a Forward P/E ratio of 16.17. This represents a premium compared to its industry's average Forward P/E of 15.22.
Investors should also note that CSCO has a PEG ratio of 2.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CSCO's industry had an average PEG ratio of 3.41 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 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Cisco Systems (CSCO) Dips More Than Broader Markets: What You Should Know
Cisco Systems (CSCO - Free Report) closed the most recent trading day at $54.45, moving -1.86% from the previous trading session. This move lagged the S&P 500's daily loss of 1.19%.
Coming into today, shares of the seller of routers, switches, software and services had lost 6.03% in the past month. In that same time, the Computer and Technology sector lost 5.5%, while the S&P 500 lost 3.16%.
Investors will be hoping for strength from CSCO as it approaches its next earnings release. On that day, CSCO is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 6.58%. Meanwhile, our latest consensus estimate is calling for revenue of $12.97 billion, up 8.74% from the prior-year quarter.
CSCO's full-year Zacks Consensus Estimates are calling for earnings of $3.43 per share and revenue of $52.78 billion. These results would represent year-over-year changes of +6.52% and +5.95%, respectively.
Investors should also note any recent changes to analyst estimates for CSCO. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CSCO currently has a Zacks Rank of #3 (Hold).
Digging into valuation, CSCO currently has a Forward P/E ratio of 16.17. This represents a premium compared to its industry's average Forward P/E of 15.22.
Investors should also note that CSCO has a PEG ratio of 2.31 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CSCO's industry had an average PEG ratio of 3.41 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 233, which puts it in the bottom 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.