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NEW YORK ( TheStreet) -- Cisco Systems (Nasdaq: CSCO) hit a new 52-week high Tuesday as it is currently trading at $20.52, above its previous 52-week high of $20.49 with 43.2 million shares traded as of 2:40 p.m. ET. Average volume has been 46.8 million shares over the past 30 days. Cisco Systems has a market cap of $106.52 billion and is part of the technology sector and computer hardware industry. Shares are up 10.8% year to date as of the close of trading on Monday. 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 15.8, below the average computer hardware industry P/E ratio of 17.1 and below the S&P 500 P/E ratio of 17.7.