Cisco Systems Inc (CSCO)

CSCO (NASDAQ:Computer Hardware) EQUITY
$22.89
pos +0.00
+0.00%
Today's Range: 22.81 - 23.66 | CSCO Avg Daily Volume: 31,742,100
Last Update: 02/05/16 - 3:59 PM EST
Volume: 0
YTD Performance: -15.71%
Open: $0.00
Previous Close: $23.54
52 Week Range: $22.47 - $30.31
Oustanding Shares: 5,076,079,317
Market Cap: 119,490,907,122
6-Month Chart
TheStreet Ratings Grade for CSCO
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
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Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 15 16 16 16
Moderate Buy 2 2 2 2
Hold 6 6 6 6
Moderate Sell 0 0 0 0
Strong Sell 2 2 2 2
Mean Rec. 1.88 1.85 1.85 1.85
Latest Dividend: 0.21
Latest Dividend Yield: 3.57%
Dividend Ex-Date: 01/04/16
Price Earnings Ratio: 12.52
Price Earnings Comparisons:
CSCO Sector Avg. S&P 500
12.52 12.60 30.32
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-19.49% -16.03% 8.59%
GROWTH 12 Mo 3 Yr CAGR
Revenue 4.30 0.07 0.02
Net Income 14.40 0.12 0.04
EPS 17.40 0.17 0.05
Earnings for CSCO:
EBITDA 13.70B
Revenue 49.16B
Average Earnings Estimates
Qtr (01/16) Qtr (04/16) FY (07/16) FY (07/17)
Average Estimate $0.50 $0.51 $2.09 $2.20
Number of Analysts 5 5 5 5
High Estimate $0.51 $0.53 $2.14 $2.26
Low Estimate $0.49 $0.50 $2.04 $2.14
Prior Year $0.50 $0.48 $1.99 $2.09
Growth Rate (Year over Year) 0.00% 6.67% 5.23% 4.87%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
Very whippy market with a negative bias thus far. I have been quite bearish for some time, but I believe we are close to a tradeable bounce. On a near-term basis we are oversold; indeed, S&P futures were nearly 40 handles below the 3 p.m. ET Friday levels around 2:30 ET today. I feel lonely buying; I've moved from market neutral all the way to medium-size long in the last day of trading. I look at reward versus risk in all my buys, and that is why I am more upbeat (no different than late August). Am I still negative over the intermediate term? You're damn right I am! But it is my view that a bounce would be a contrary move (Rev Shark disagrees and sees dip buyers -- I don't). But that is what makes the race! He is right more often than not. The U.S. dollar was stronger today. The continued fall in crude oil -- down $2 a barrel -- is the proximate cause of weakness in the indices. Gold is down two beaners and silver down by nine cents. Agricultural commodities got hit, led by wheat (down 11 cents), corn (down a nickel) and soybean (four cents lower). Bonds were mixed by maturities; the yield on the two-year down by two basis points  and the 30-year up by a relatively large four basis points to 2.96%. Ergo, the yield curve became steeper -- good for banks. Municipals are down small. I would be paring back muni closed-end  bond funds after the recent rise, if still long. High yield has a bid today, despite the drop in long bond prices and meaningfully lower energy prices. However, Blackstone/GSO Strategic Credit Fund (BGB) is getting hit. Banks were mixed, with Citigroup (C) the standout to the upside (now near day's high). I am intrigued!   I continue to add to the bank space (three money centers), not necessarily for the near term but for a multiyear play. I have large positions in C and Bank of America (BAC). I added to alternative investment manager Oaktree Capital Group (OAK), which is down $2 late today (it has halved its daily loss). The object of my disaffection, life insurers -- including Lincoln National (LNC) and MetLife (MET) -- are getting destroyed today and have become important profit-and-loss contributors from the highs for my portfolio. Retail was stronger; Macy's (M) is up $2 based on activist movement. Kohl's (KSS) is also a winner on talk of an leveraged buyout. ( I consistently have been a buyer of the group on weakness over the last two weeks). New low in iShares China Large-Cap (FXI); it remains on my Best Ideas List as a short.  My energy shorts, Exxon Mobil (XOM) and Schlumberger (SLB), are the world's fair and have become important winners in my portfolio. Arch Coal (ACI), a favorite of yesteryear to many, filed bankruptcy. Peak Icahn! Icahn's Freeport-McMoran (FCX) is getting schmeissed again -- down by 25%. His oil holdings are nearly as bad. And then there is Apple (AAPL). New low in Caterpillar (CAT). Remember my surprise that the CEO will be replaced!)  Fertilizers -- for example, Potash (POT) -- are acting like dung. Old tech acts better, led by Cisco (CSCO), Intel (INTC) and IBM (IBM). Autos are good on a relative and absolute basis, but considering the magnitude of their recent weakness, I am not surprised. Staying short. A "Biowreck" today -- down by 4% to 5%. Led by Valeant Pharmaceuticals (VRX), Allergan (AGN) and Mallinckrodt (MNK). Secondary biotech even worse.  I dissed Apple's decision on the headphone jack (in three installments ): "Are You Serious, Apple?"  (T)FANG is mixed. Tesla (TSLA) is leading on the downside and Netflix (NFLX) on the upside even though the latter's Golden Globes acceptance was disappointing NOSH was tasty, with all four components higher. CRABBY was strong on a relative basis, led by Alleghany (Y) and the aforementioned C. I revised  my "Fair Market Value " for the S&P Index to 1860 this morning.
We're looking for positives among the negatives.
As global markets tumble, we review 6 of our holdings.
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EOG, HES and XEC will be survivors as the market transforms itself.
The market's complexion continues to change, for the worse. Everything might be beautiful at the ballet  (my favorite "Chorus Line" song), but not in the markets these days. Check out these lessons on investing from "A Chorus Line"  All Crude, All the Time -- for now. (Ironically, crude ended flat.) See my post on the business media and oil -- a bounce in the commodity's price would not be unexpected. Despite little movement in crude oil's price, energy stocks got schmeissed. Schlumberger (SLB) and Exxon Mobil (XOM) are on my Best Ideas List, short.  Airlines reversed yesterday's strength. The U.S. dollar weakened. Bonds were offered a bit. Municipals were better, but high yield continues to act junky and is breaking down further. On the later point, SPDR Barclays High Yield Bond ETF (JNK) was down 42 cents and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 96 cents. Bad. Banks acted poorly; Jim "El Capitan" Cramer remarked on Twitter it was as if the Fed wasn't going to raise rates next week. I fully expect a rate increase and I attribute bank weakness to profit-taking after the sector's league-leading move higher. I have my buy pads ready in banks -- specifically Citigroup (C), Bank of America (BAC), JPMorgan Chase (JPM) and Fifth Third Bancorp (FITB). Life insurance -- the object of my disaffection -- was conspicuously weak today; Lincoln National (LNC) and MetLife (MET) are on my Best Ideas List as shorts. Berkshire Hathaway (BRK.B), another short, got hit with the ugly stick. Biotech was a clear standout, up 2% on the day.  Valeant Pharmaceuticals (VRX) is holding in, but many secondary names reversed higher after yesterday's weakness. Consumer staples weaker. Retail wasn't half bad, with several of my names up on the day.  The strength in (T)FANG -- Tesla (TSLA), Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google, now Alphabet (GOOGL) -- appears less certain, and I am not enamored with it the way others are. Check out Steve Cortes' thoughtful charts on the subject; FANG looks like Intel (INTC), Microsoft (MSFT) and Cisco (CSCO) in 2000 -- and I can't object to that. NOSH -- Nike (NKE), O'Reilly (ORYL), Starbucks (SBUX) and Home Depot (HD) -- was broadly higher despite woes at Chipotle (CMG). Is media the next sector to tank? Just look at my shorts, Disney (DIS) and Comcast (CMCSA). Motley Fool says my Disney short is foolish; I disagree! I am having drinks with subscriber Johnny the Greek, so I got that going for me!   I halved my SPD
Kinder Morgan and other stocks may be entering what telecom stocks suffered through.
It is apparent from market action this month and last that sellers are waiting just above current levels.
There's room enough for everyone, including Cisco and IBM.

Columnist Conversations

Beats by a couple of pennies per share ($O.80 vs $0.78), misses slightly on revenues, guides lower for 2016. S...
Futures are indicating a lower open thus far but with about 2 1/2 hours to go, a lot can change. Careful out t...
Flat as a pancake. Thus far, Jim "El Capitan" Cramer doesnt yet get his wish. http://realmoneypro.thestreet.co...
We had expected a recovery in energy prices and better things from the stocks for some time. So far, we have b...

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