Another 52-week Low for Cisco (CSCO)

Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) shares continue to fall lower on a daily basis, today they touched another 12 month low of $16.34.

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Cisco Systems Inc (CSCO) shares have traded between $16.34 and $26 over the past 12 months.  Thanks to the decline Cisco shares are now trading with a cheap P/E Ratio of 12.85 and EPS of 1.27.  However Wall Street has yet to buy into the idea of this stock as a bargain.  Since the fall of 2007 Cisco shares have lost 50% of their value.

Cisco Systems has continually disappointed the analysts with their earnings reports and guidance. In the latest quarter, restructuring has begun, fostering hopes of some sort of return to glory.

The only hope for Cisco shareholders is the company is planning to cut its workforce and the stock is now paying a 1.47% dividend yield.

Last week Cisco said that it will cut thousands of jobs through a early retirement program to save the company $1 billion. "Cisco is a very strong company in a healthy market, with a few problematic areas that we are taking comprehensive action to address,"  John Chambers, Chief Executive, said in a statement.

Cisco just reported Q3 earnings of $1.8 billion, or 33 cents per share, compared to earnings of $2.2 billion, or 37 cents per share, during the year prior. Excluding one time items, adjusted earnings were 42 cents per share. Analysts were expecting earnings of 37 cents per share. Revenue was $10.9 billion. Beating analyst predictions of $10.87 billion in revenue.

 

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