Cisco Systems Inc (CSCO): Today's Featured Computer Hardware Winner

Cisco Systems (CSCO) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.8%. By the end of trading, Cisco Systems rose 15 cents (0.9%) to $16.73 on light volume. Throughout the day, 29.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 44.3 million shares. The stock ranged in a price between $16.49-$16.78 after having opened the day at $16.56 as compared to the previous trading day's close of $16.58. Other companies within the Computer Hardware industry that increased today were: SMART Technologies (SMT), up 13.4%, OCZ Technology Group (OCZ), up 8.7%, Acorn Energy (ACFN), up 6%, and MTS Medication Technologies (MTSI), up 5.2%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $89.38 billion and is part of the technology sector. The company has a P/E ratio of 12.3, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 10.8% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 14 rate it a hold.

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, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Cisco Systems Ratings Report.

• Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Cisco Systems Inc click any of the following:

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• Cisco Systems Inc Growth Rates

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