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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, Cisco Systems rose $0.24 (1.1%) to $21.47 on average volume. Throughout the day, 40,212,784 shares of Cisco Systems exchanged hands as compared to its average daily volume of 41,039,600 shares. The stock ranged in a price between $21.25-$21.49 after having opened the day at $21.36 as compared to the previous trading day's close of $21.23. Other companies within the Technology sector that increased today were:
), up 16.5%,
), up 15.8%,
), up 14.3% and
), up 12.8%.
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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 $115.3 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7. Shares are up 9.0% 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 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. 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 negative front,
), down 26.4%,
), down 17.0%,
), down 14.5% and
), down 13.8% , were all laggards within the technology sector with
) being today's technology sector laggard.
- Use our technology section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
) while those bearish on the technology sector could consider
- Find other investment ideas from our top rated ETFs lists.