Editor's Note: 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

.

Cisco Systems

(

CSCO

) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Cisco Systems fell 30 cents (-1.6%) to $18.90 on light volume. Throughout the day, 23.9 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 41.6 million shares. The stock ranged in price between $18.83-$19.08 after having opened the day at $19.08 as compared to the previous trading day's close of $19.20. Other companies within the Computer Hardware industry that declined today were:

Finisar Corporation

(

FNSR

), down 9.5%,

Dataram Corporation

(

DRAM

), down 8.2%,

Lantronix

(

LTRX

), down 7.9%, and

Performance Technologies

(

PTIX

), down 6.2%.

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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 $102.96 billion and is part of the

technology

sector. The company has a P/E ratio of 12.9, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 12 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 solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth 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.

On the positive front,

Identive Group

(

INVE

), up 4.3%,

iGo

(

IGOI

), up 4.1%,

Overland Storage

(

OVRL

), up 3.3%, and

Transact Technologies

(

TACT

), up 2.2%, were all gainers within the computer hardware industry with

Lexmark International

(

LXK

) being today's featured computer hardware industry leader.

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

).

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