Dow Today: Cisco Systems (CSCO) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 153 points (+1.2%) at 12,858 as of Friday, Feb 3, 2012, 12:40 p.m. ET. During this time, 483.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 2,402 issues advancing vs. 540 declining with 96 unchanged.
The Dow component leading the way higher looks to be
(Nasdaq:
), which is sporting a 35-cent gain (+1.8%) bringing the stock to $20.15. This single gain is lifting the Dow Jones Industrial Average by 2.65 points or roughly accounting for 1.7% of the Dow's overall gain. Volume for Cisco Systems currently sits at 27.6 million shares traded vs. an average daily trading volume of 46.8 million shares.
Cisco Systems has a market cap of $106.52 billion and is part of the
sector and
industry. Shares are up 9.5% year to date as of Thursday's close. The stock's dividend yield sits at 1.2%.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 17.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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.
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