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
Dow Jones Industrial Average
) is trading up 49 points (+0.3%) at 16,592 as of Friday, May 23, 2014, 10:36 a.m. ET. During this time, 49.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 386.1 million. The NYSE advances/declines ratio sits at 1,925 issues advancing vs. 899 declining with 218 unchanged.
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The Dow component leading the way higher looks to be
), which is sporting a one-cent gain to $24.39. This single gain is lifting the Dow Jones Industrial Average by 0.08 points or roughly accounting for 0.2% of the Dow's overall gain. Volume for Cisco Systems currently sits at 9.6 million shares traded vs. an average daily trading volume of 40.6 million shares.
Cisco Systems has a market cap of $126.1 billion and is part of the technology sector and computer hardware industry. Shares are up 8.7% year-to-date as of Thursday's close. The stock's dividend yield sits at 3.1%.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide.
TheStreet Ratings rates Cisco Systems as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance 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.