Cisco Systems ( CSCO) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.9%. By the end of trading, Cisco Systems rose 11 cents (0.6%) to $19.60 on average volume. Throughout the day, 42.7 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 41.7 million shares. The stock ranged in a price between $19.37-$19.67 after having opened the day at $19.48 as compared to the previous trading day's close of $19.49. Other companies within the Computer Hardware industry that increased today were: Logitech International S.A ( LOGI), up 21.4%, Dataram Corporation ( DRAM), up 7.5%, Silicon Graphics International ( SGI), up 6.5%, and Mitek Systems ( MITK), up 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. Cisco Systems has a market cap of $104.59 billion and is part of the technology sector. The company has a P/E ratio of 15.3, above the average computer hardware industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 14 rate it a hold. 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, revenue growth, attractive valuation levels, good cash flow from operations 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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