Cisco Systems stock rose 31% in 2017
Cisco Systems (CSCO) generated returns of 31% in 2017. In the trailing one-month period, it has risen 6%. It’s currently trading at $39.53, which is 33% above its 52-week low of $29.80 and 1% below its 52-week high of $39.88. The company has beaten analysts’ non-GAAP (generally accepted accounting principles) EPS (earnings per share) estimates in three of the last four quarters. It beat EPS estimates by 1.7% in fiscal 1Q18, which ended in October 2017. It beat EPS estimates by 3.4% in fiscal 3Q17 and by 1.8% in fiscal 2Q17.
Revenue and price target estimates
Analysts expect revenue growth of 2% YoY (year-over-year) for Cisco in fiscal 2Q18, 1.4% YoY in fiscal 2Q18, 1% YoY in fiscal 2018, and 2% YoY in fiscal 2019. Cisco’s EPS is expected to rise 3.5% in fiscal 2Q18, 3.3% YoY in fiscal 2Q18, 2.9% YoY in fiscal 2018, and 5.3% YoY in fiscal 2019.
Of the 28 analysts tracking Cisco stock, 19 have recommended a “buy,” and nine have recommended a “hold.” There are no “sell” recommendations for the stock. The analysts’ price target for Cisco stock is now $39.23, with a median target estimate of $40. Cisco is thus trading at a discount of 1.2% to the median analyst estimate.