The going was painfully slow, but Chickenhound consoled himself on the long journey by boosting his own ego. âMaybe a silly bunch of rats could put one over on Sela. Huh, she was old and had lost a lot of her guile.
Even after the run Cisco stock has had over the past few years, the stock is still a buy. Cisco has reported earnings of $1.73 per share over the past four quarters, which puts the stock's P/E ratio at just about 17. This doesn't seem all that inexpensive, but there are a couple of things skewing Cisco's valuation.
For example, if a stock trades at $50 right now and you buy its call option with a $50 strike price, you have the right to purchase that stock for $50 regardless of the current stock price as long as it has not expired.