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TheStreet Wire

5 Stocks Pushing The Technology Sector Higher

By TheStreet Wire 11/06/12 - 12:44 PM EST

Find out if (STX) is in Cramer's Portfolio.

1. As of noon trading, Cisco Systems (CSCO) is up $0.21 (1.2%) to $17.61 on average volume Thus far, 17.0 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 39.2 million shares. The stock has ranged in price between $17.35-$17.71 after having opened the day at $17.44 as compared to the previous trading day's close of $17.40.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $92.0 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 13 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Cisco Systems Ratings Report now.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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