) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 3.2%. By the end of trading, Cisco Systems Inc rose 51 cents (2.9%) to $18.01 on light volume. Throughout the day, 44.2 million shares of Cisco Systems Inc exchanged hands as compared to its average daily volume of 59.3 million shares. The stock ranged in a price between $17.84-$18.10 after having opened the day at $17.92 as compared to the previous trading day's close of $17.50. Other companies within the Computer Hardware industry that increased today were:
), up 13.8%,
), up 8.5%,
), up 7.6%, and
), up 7.5%.
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 Inc has a market cap of $96.46 billion and is part of the
sector. The company has a P/E ratio of 15, below the average computer hardware industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 13.5% year to date as of the close of trading on Friday.
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, good cash flow from operations, 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.
- Use our computer hardware section to find industry-relevant news.
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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.