Dow Jones (DJIA) Today: Cisco Systems (CSCO) Lower

Holding back the Dow today is Cisco Systems (Nasdaq:CSCO), which is lagging the broader Dow index with a 24-cent decline (-0.8%) bringing the stock to $29.30.

By Naomi Hossain , Mar 4, 2015 12:00 PM EST

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link

The

Dow Jones Industrial Average

(

^DJI

) is trading down 110.0 points (-0.6%) at 18,093 as of Wednesday, Mar 4, 2015, 11:36 a.m. ET. During this time, 116.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 376.2 million. The NYSE advances/declines ratio sits at 978 issues advancing vs. 1,971 declining with 175 unchanged.

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Holding back the Dow today is

Cisco Systems

(Nasdaq:

CSCO

), which is lagging the broader Dow index with a 24-cent decline (-0.8%) bringing the stock to $29.30. This single loss is lowering the Dow Jones Industrial Average by 1.82 points or roughly accounting for 1.7% of the Dow's overall loss. Volume for Cisco Systems currently sits at 14.6 million shares traded vs. an average daily trading volume of 30.9 million shares.

Cisco Systems has a market cap of $154.11 billion and is part of the technology sector and computer hardware industry. Shares are up 6.2% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.8%.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.

TheStreet Ratings rates Cisco Systems as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.