Cisco’s P/E Multiple Is At The Lowest Level In 3 Years: Time To Buy Cisco Stock?

Cisco’s P/E Multiple Is At The Lowest Level In 3 Years: Time To Buy Cisco Stock?

Despite declining around 10% since the beginning of the year, we believe Cisco 's (NASDAQ: CSCO) stock has limited upside at the current price of roughly $41 per share.. The key is Cisco's stock is largely around the same level it was at in early 2018 - a little over two years ago.. Some of the stock price gain over the last two years is justified by the roughly 8.1% growth seen in Cisco's revenues from 2017 to 2019.. A marginal drop in Cisco's P/E multiple has partially mitigated gains to its stock from an upbeat earnings trend.. Although Cisco's P/E multiple is at the lowest level seen in the last three years, we believe there is a possibility for further downside as the outbreak of coronavirus increases.. Between February 19th and April 20th, Cisco's stock is down 10% of its value (vs. about 15% decline in the S&P 500).. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price..