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Cisco Systems (CSCO) Dips More Than Broader Market: What You Should Know
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In the latest close session, Cisco Systems (CSCO - Free Report) was down 1.16% at $119.74. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
The stock of seller of routers, switches, software and services has risen by 2.38% in the past month, leading the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Cisco Systems in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.17, signifying a 18.18% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $16.85 billion, up 14.86% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.28 per share and revenue of $62.95 billion. These totals would mark changes of +12.34% and +11.11%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cisco Systems. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. Cisco Systems currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Cisco Systems currently has a Forward P/E ratio of 28.3. For comparison, its industry has an average Forward P/E of 28.01, which means Cisco Systems is trading at a premium to the group.
It's also important to note that CSCO currently trades at a PEG ratio of 2.55. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CSCO's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 42, putting it in the top 18% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Cisco Systems (CSCO) Dips More Than Broader Market: What You Should Know
In the latest close session, Cisco Systems (CSCO - Free Report) was down 1.16% at $119.74. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
The stock of seller of routers, switches, software and services has risen by 2.38% in the past month, leading the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Cisco Systems in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.17, signifying a 18.18% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $16.85 billion, up 14.86% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.28 per share and revenue of $62.95 billion. These totals would mark changes of +12.34% and +11.11%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cisco Systems. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. Cisco Systems currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Cisco Systems currently has a Forward P/E ratio of 28.3. For comparison, its industry has an average Forward P/E of 28.01, which means Cisco Systems is trading at a premium to the group.
It's also important to note that CSCO currently trades at a PEG ratio of 2.55. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CSCO's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 42, putting it in the top 18% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.