3. As of noon trading, Cisco Systems ( CSCO) is up $0.19 (0.81) to $24.08 on heavy volume Thus far, 50.8 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 35.7 million shares. The stock has ranged in price between $23.70-$24.24 after having opened the day at $23.85 as compared to the previous trading day's close of $23.89. 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 $113.1 billion and is part of the computer hardware industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Thursday. Currently there are 23 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 7 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Cisco Systems Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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