Cisco Systems Inc (CSCO): Today's Featured Computer Hardware Loser
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 1.6%. By the end of trading, Cisco Systems fell 30 cents (-1.8%) to $16.39 on average volume. Throughout the day, 52.3 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 43.4 million shares. The stock ranged in price between $16.35-$16.70 after having opened the day at $16.69 as compared to the previous trading day's close of $16.69. Other company's within the Computer Hardware industry that declined today were:
(
), down 12.3%,
(
), down 10%,
Crossroads Systems Incorporated
(
), down 7.2%, and
TheStreet Recommends
(
), down 6.9%.
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 $90.11 billion and is part of the
sector. The company has a P/E ratio of 12.6, above the average computer hardware industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.5% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Cisco Systems as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Cisco Systems Ratings Report.
On the positive front,
Network Equipment Technologies
(
), up 9.7%,
(
), up 3.5%,
(
), up 3.3%, and
(
), up 3%, were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry winner.
- 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
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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