Cisco Systems Inc (CSCO): Today's Featured Computer Hardware Loser

Cisco Systems ( CSCO) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day down 0.7%. By the end of trading, Cisco Systems fell 12 cents (-0.7%) to $16.19 on light volume. Throughout the day, 25.4 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 43.9 million shares. The stock ranged in price between $16.02-$16.25 after having opened the day at $16.21 as compared to the previous trading day's close of $16.31. Other company's within the Computer Hardware industry that declined today were: Crossroads Systems Incorporated ( CRDS), down 9.4%, Identive Group ( INVE), down 8%, Quantum Corporation ( QTM), down 7.4%, and Xata Corporation ( XATA), down 5.9%.

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 $85.6 billion and is part of the technology sector. The company has a P/E ratio of 11.8, 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 11.6% year to date as of the close of trading on Friday. Currently there are 18 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 revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, iGo ( IGOI), up 8.3%, Stratasys ( SSYS), up 8%, OCZ Technology Group ( OCZ), up 4.7%, and Mad Catz Interactive ( MCZ), up 4.6%, were all gainers within the computer hardware industry with Seagate Technology ( STX) being today's featured computer hardware industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).
null

If you liked this article you might like

HPE's Earnings Beat Is Encouraging, but Don't Get Too Excited Just Yet

HPE's Earnings Beat Is Encouraging, but Don't Get Too Excited Just Yet

Jim Cramer: The Government Should Admit It Goofed With These Crazy Instruments

Jim Cramer: The Government Should Admit It Goofed With These Crazy Instruments

This Is the Perfect Time to Buy Dividend Stocks

This Is the Perfect Time to Buy Dividend Stocks

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Wall Street Futures Are Upbeat Ahead of Long Weekend

Wall Street Futures Are Upbeat Ahead of Long Weekend