The technology sector closed the day up 0.3%. Ikanos Communications Inc ( IKAN), Micronetics Inc ( NOIZ), CyberDefender ( CYDE), and Iteris Inc ( ITI) were all winners today within the technology sector with Cisco Systems Inc ( CSCO) being today's featured technology winner. Cisco Systems Inc rose 12 cents (0.7%) to $18.56 on light volume. Throughout the day, 47.7 million shares of Cisco Systems Inc exchanged hands as compared to its average daily volume of 70.8 million shares. 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 $94.8 billion and is part of the computer hardware industry. The company has a P/E ratio of 15.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 8.8% year to date as of the close of trading on Thursday. TheStreet Ratings rates Cisco Systems as a buy. 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.