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Cisco Systems (CSCO) Gains As Market Dips: What You Should Know
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Cisco Systems (CSCO - Free Report) closed the most recent trading day at $63.53, moving +0.17% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the seller of routers, switches, software and services had gained 13.74% in the past month. In that same time, the Computer and Technology sector gained 3.66%, while the S&P 500 gained 4.4%.
Wall Street will be looking for positivity from Cisco Systems as it approaches its next earnings report date. The company is expected to report EPS of $0.81, up 2.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.65 billion, up 5.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $52.67 billion, which would represent changes of +6.21% and +5.72%, respectively, from the prior year.
Any recent changes to analyst estimates for Cisco Systems should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Cisco Systems currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Cisco Systems is holding a Forward P/E ratio of 18.56. This valuation marks a discount compared to its industry's average Forward P/E of 20.39.
We can also see that CSCO currently has a PEG ratio of 2.85. 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. Computer - Networking stocks are, on average, holding a PEG ratio of 2.85 based on yesterday's closing prices.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 203, which puts it in the bottom 21% 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.
To follow CSCO in the coming trading sessions, be sure to utilize Zacks.com.
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Cisco Systems (CSCO) Gains As Market Dips: What You Should Know
Cisco Systems (CSCO - Free Report) closed the most recent trading day at $63.53, moving +0.17% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the seller of routers, switches, software and services had gained 13.74% in the past month. In that same time, the Computer and Technology sector gained 3.66%, while the S&P 500 gained 4.4%.
Wall Street will be looking for positivity from Cisco Systems as it approaches its next earnings report date. The company is expected to report EPS of $0.81, up 2.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.65 billion, up 5.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $52.67 billion, which would represent changes of +6.21% and +5.72%, respectively, from the prior year.
Any recent changes to analyst estimates for Cisco Systems should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Cisco Systems currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Cisco Systems is holding a Forward P/E ratio of 18.56. This valuation marks a discount compared to its industry's average Forward P/E of 20.39.
We can also see that CSCO currently has a PEG ratio of 2.85. 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. Computer - Networking stocks are, on average, holding a PEG ratio of 2.85 based on yesterday's closing prices.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 203, which puts it in the bottom 21% 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.
To follow CSCO in the coming trading sessions, be sure to utilize Zacks.com.