Dow Today: Cisco Systems (CSCO) Lower

The Dow Jones Industrial Average (^DJI) is trading down 49 points (-0.4%) at 12,829 as of Wednesday, Feb 8, 2012, 11:39 a.m. ET. During this time, 365 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,282 issues advancing vs. 1,598 declining with 143 unchanged.

Holding back the Dow today is Cisco Systems (Nasdaq:CSCO), which is lagging the broader Dow index with a four-cent decline (-0.2%) bringing the stock to $20.16. This single loss is lowering the Dow Jones Industrial Average by 0.3 points or roughly accounting for 0.6% of the Dow's overall loss. Volume for Cisco Systems currently sits at 29 million shares traded vs. an average daily trading volume of 46.8 million shares.

Cisco Systems has a market cap of $106.52 billion and is part of the technology sector and computer hardware industry. Shares are up 11.7% year to date as of Tuesday's close. The stock's dividend yield sits at 1.2%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 17.4, above the average computer hardware industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Cisco Systems Ratings Report.

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