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Cisco Systems (CSCO) Rises As Market Takes a Dip: Key Facts
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Cisco Systems (CSCO - Free Report) closed at $68.66 in the latest trading session, marking a +1.78% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.16% for the day. On the other hand, the Dow registered a gain of 0.44%, and the technology-centric Nasdaq decreased by 0.76%.
Shares of the seller of routers, switches, software and services witnessed a gain of 0.66% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.34%, and the S&P 500's gain of 1.14%.
Market participants will be closely following the financial results of Cisco Systems in its upcoming release. The company's earnings per share (EPS) are projected to be $0.98, reflecting a 7.69% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 billion, up 6.69% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.04 per share and a revenue of $59.58 billion, indicating changes of +6.04% and +5.17%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Cisco Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Cisco Systems currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Cisco Systems is currently exchanging hands at a Forward P/E ratio of 16.69. Its industry sports an average Forward P/E of 16.7, so one might conclude that Cisco Systems is trading at a discount comparatively.
It is also worth noting that CSCO currently has a PEG ratio of 2.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Computer - Networking industry stood at 1.09 at the close of the market yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Cisco Systems (CSCO) Rises As Market Takes a Dip: Key Facts
Cisco Systems (CSCO - Free Report) closed at $68.66 in the latest trading session, marking a +1.78% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.16% for the day. On the other hand, the Dow registered a gain of 0.44%, and the technology-centric Nasdaq decreased by 0.76%.
Shares of the seller of routers, switches, software and services witnessed a gain of 0.66% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.34%, and the S&P 500's gain of 1.14%.
Market participants will be closely following the financial results of Cisco Systems in its upcoming release. The company's earnings per share (EPS) are projected to be $0.98, reflecting a 7.69% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.77 billion, up 6.69% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.04 per share and a revenue of $59.58 billion, indicating changes of +6.04% and +5.17%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Cisco Systems. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Cisco Systems currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Cisco Systems is currently exchanging hands at a Forward P/E ratio of 16.69. Its industry sports an average Forward P/E of 16.7, so one might conclude that Cisco Systems is trading at a discount comparatively.
It is also worth noting that CSCO currently has a PEG ratio of 2.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Computer - Networking industry stood at 1.09 at the close of the market yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.