Dow Today: Cisco Systems (CSCO) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 12 points at 13,206 as of Thursday, Mar 15, 2012, 10:35 a.m. ET. During this time, 264.7 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 1,486 issues advancing vs. 1,354 declining with 110 unchanged.

Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a 22-cent decline (-1.1%) bringing the stock to $19.98. Volume for Cisco Systems currently sits at 16.9 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 technology sector and computer hardware industry. Shares are up 11.8% year to date as of Wednesday's close. The stock's dividend yield sits at 1.6%.

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 15.9, below the average computer hardware industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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