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Cisco Systems (CSCO) Outperforms Broader Market: What You Need to Know
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In the latest close session, Cisco Systems (CSCO - Free Report) was up +1.38% at $68.30. This change outpaced the S&P 500's 0.54% gain on the day. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq increased by 0.74%.
Shares of the seller of routers, switches, software and services have appreciated by 2.32% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
Investors will be eagerly watching for the performance of Cisco Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.97, showcasing a 11.49% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $14.61 billion, indicating a 7.12% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.79 per share and revenue of $56.59 billion, which would represent changes of +1.61% and +5.19%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Cisco Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Cisco Systems currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Cisco Systems is presently being traded at a Forward P/E ratio of 17.79. This expresses a premium compared to the average Forward P/E of 15.36 of its industry.
Meanwhile, CSCO's PEG ratio is currently 3.26. 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. The average PEG ratio for the Computer - Networking industry stood at 1 at the close of the market yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Cisco Systems (CSCO) Outperforms Broader Market: What You Need to Know
In the latest close session, Cisco Systems (CSCO - Free Report) was up +1.38% at $68.30. This change outpaced the S&P 500's 0.54% gain on the day. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq increased by 0.74%.
Shares of the seller of routers, switches, software and services have appreciated by 2.32% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.77%, and the S&P 500's gain of 4.2%.
Investors will be eagerly watching for the performance of Cisco Systems in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.97, showcasing a 11.49% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $14.61 billion, indicating a 7.12% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.79 per share and revenue of $56.59 billion, which would represent changes of +1.61% and +5.19%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Cisco Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Cisco Systems currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Cisco Systems is presently being traded at a Forward P/E ratio of 17.79. This expresses a premium compared to the average Forward P/E of 15.36 of its industry.
Meanwhile, CSCO's PEG ratio is currently 3.26. 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. The average PEG ratio for the Computer - Networking industry stood at 1 at the close of the market yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.