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) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Cisco Systems (CSCO - Free Report) ended the recent trading session at $78.68, demonstrating a +2.17% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.83%, while the tech-heavy Nasdaq added 0.91%.
The stock of seller of routers, switches, software and services has fallen by 1% in the past month, lagging the Computer and Technology sector's gain of 0.49% and the S&P 500's gain of 0.38%.
Analysts and investors alike will be keeping a close eye on the performance of Cisco Systems in its upcoming earnings disclosure. On that day, Cisco Systems is projected to report earnings of $1.02 per share, which would represent year-over-year growth of 8.51%. Simultaneously, our latest consensus estimate expects the revenue to be $15.12 billion, showing a 8.06% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.1 per share and a revenue of $60.59 billion, representing changes of +7.61% and +6.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Cisco Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Cisco Systems currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Cisco Systems currently has a Forward P/E ratio of 18.77. This indicates a premium in contrast to its industry's Forward P/E of 16.72.
It's also important to note that CSCO currently trades at a PEG ratio of 2.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer - Networking industry was having an average PEG ratio of 1.57.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Cisco Systems (CSCO) Rises Higher Than Market: Key Facts
Cisco Systems (CSCO - Free Report) ended the recent trading session at $78.68, demonstrating a +2.17% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.83%, while the tech-heavy Nasdaq added 0.91%.
The stock of seller of routers, switches, software and services has fallen by 1% in the past month, lagging the Computer and Technology sector's gain of 0.49% and the S&P 500's gain of 0.38%.
Analysts and investors alike will be keeping a close eye on the performance of Cisco Systems in its upcoming earnings disclosure. On that day, Cisco Systems is projected to report earnings of $1.02 per share, which would represent year-over-year growth of 8.51%. Simultaneously, our latest consensus estimate expects the revenue to be $15.12 billion, showing a 8.06% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.1 per share and a revenue of $60.59 billion, representing changes of +7.61% and +6.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Cisco Systems. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Cisco Systems currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Cisco Systems currently has a Forward P/E ratio of 18.77. This indicates a premium in contrast to its industry's Forward P/E of 16.72.
It's also important to note that CSCO currently trades at a PEG ratio of 2.34. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Computer - Networking industry was having an average PEG ratio of 1.57.
The Computer - Networking industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.