We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cisco Systems (CSCO) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Cisco Systems (CSCO - Free Report) closed the latest trading day at $59.33, indicating a +0.97% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.
The seller of routers, switches, software and services's shares have seen an increase of 0.7% over the last month, surpassing the Computer and Technology sector's loss of 3.73% and the S&P 500's loss of 3.45%.
The investment community will be paying close attention to the earnings performance of Cisco Systems in its upcoming release. In that report, analysts expect Cisco Systems to post earnings of $0.91 per share. This would mark year-over-year growth of 4.6%. In the meantime, our current consensus estimate forecasts the revenue to be $13.86 billion, indicating an 8.36% growth compared to the corresponding quarter of the prior year.
CSCO's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $55.93 billion. These results would represent year-over-year changes of -2.14% and +3.95%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cisco Systems. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. As of now, Cisco Systems holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Cisco Systems has a Forward P/E ratio of 16.11 right now. This denotes a premium relative to the industry's average Forward P/E of 15.09.
Investors should also note that CSCO has a PEG ratio of 3.56 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Computer - Networking industry held an average PEG ratio of 1.3.
The Computer - Networking industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 155, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cisco Systems (CSCO) Outperforms Broader Market: What You Need to Know
Cisco Systems (CSCO - Free Report) closed the latest trading day at $59.33, indicating a +0.97% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.
The seller of routers, switches, software and services's shares have seen an increase of 0.7% over the last month, surpassing the Computer and Technology sector's loss of 3.73% and the S&P 500's loss of 3.45%.
The investment community will be paying close attention to the earnings performance of Cisco Systems in its upcoming release. In that report, analysts expect Cisco Systems to post earnings of $0.91 per share. This would mark year-over-year growth of 4.6%. In the meantime, our current consensus estimate forecasts the revenue to be $13.86 billion, indicating an 8.36% growth compared to the corresponding quarter of the prior year.
CSCO's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $55.93 billion. These results would represent year-over-year changes of -2.14% and +3.95%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cisco Systems. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. As of now, Cisco Systems holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Cisco Systems has a Forward P/E ratio of 16.11 right now. This denotes a premium relative to the industry's average Forward P/E of 15.09.
Investors should also note that CSCO has a PEG ratio of 3.56 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Computer - Networking industry held an average PEG ratio of 1.3.
The Computer - Networking industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 155, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.