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Cisco Systems (CSCO) Outpaces Stock Market Gains: What You Should Know
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Cisco Systems (CSCO - Free Report) closed at $56.17 in the latest trading session, marking a +0.52% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.11%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the seller of routers, switches, software and services had gained 4.72% over the past month. This has lagged the Computer and Technology sector's gain of 6.07% and outpaced the S&P 500's gain of 4.42% in that time.
Investors will be hoping for strength from CSCO as it approaches its next earnings release, which is expected to be May 15, 2019. On that day, CSCO is projected to report earnings of $0.77 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $12.90 billion, up 3.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.06 per share and revenue of $51.67 billion, which would represent changes of +17.69% and +4.75%, respectively, from the prior year.
Any recent changes to analyst estimates for CSCO should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note CSCO's current valuation metrics, including its Forward P/E ratio of 18.27. Its industry sports an average Forward P/E of 18.27, so we one might conclude that CSCO is trading at a no noticeable deviation comparatively.
It is also worth noting that CSCO currently has a PEG ratio of 2.61. 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. Computer - Networking stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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) Outpaces Stock Market Gains: What You Should Know
Cisco Systems (CSCO - Free Report) closed at $56.17 in the latest trading session, marking a +0.52% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.11%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the seller of routers, switches, software and services had gained 4.72% over the past month. This has lagged the Computer and Technology sector's gain of 6.07% and outpaced the S&P 500's gain of 4.42% in that time.
Investors will be hoping for strength from CSCO as it approaches its next earnings release, which is expected to be May 15, 2019. On that day, CSCO is projected to report earnings of $0.77 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $12.90 billion, up 3.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.06 per share and revenue of $51.67 billion, which would represent changes of +17.69% and +4.75%, respectively, from the prior year.
Any recent changes to analyst estimates for CSCO should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note CSCO's current valuation metrics, including its Forward P/E ratio of 18.27. Its industry sports an average Forward P/E of 18.27, so we one might conclude that CSCO is trading at a no noticeable deviation comparatively.
It is also worth noting that CSCO currently has a PEG ratio of 2.61. 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. Computer - Networking stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The Computer - Networking industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.