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.
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 2.3%. By the end of trading, Cisco Systems fell $0.33 (-1.4%) to $23.00 on light volume. Throughout the day, 24,849,251 shares of Cisco Systems exchanged hands as compared to its average daily volume of 44,442,500 shares. The stock ranged in price between $22.88-$23.32 after having opened the day at $23.27 as compared to the previous trading day's close of $23.33. Other companies within the Computer Hardware industry that declined today were:
), down 14.1%,
), down 8.9%,
), down 5.7% and
), down 5.6%.
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Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $121.1 billion and is part of the technology sector. Shares are up 4.0% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Cisco Systems Ratings Report.
On the positive front,
), up 6.0% and
), up 3.0%.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.