Cisco Systems Reaches New 52-Week High (CSCO)

NEW YORK ( TheStreet) -- Cisco Systems (Nasdaq: CSCO) hit a new 52-week high Wednesday as it is currently trading at $21.07, above its previous 52-week high of $21.05 with 30.2 million shares traded as of 3:25 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 15.3% year to date as of the close of trading on Tuesday.

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 16.4, 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. You can view the full Cisco Systems Ratings Report.

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