Dow Today: Cisco Systems (CSCO) Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading down 72.0 points (-0.5%) at 13,173 as of Thursday, Dec 13, 2012, 1:35 p.m. ET. During this time, 279.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 622.8 million. The NYSE advances/declines ratio sits at 924 issues advancing vs. 2,036 declining with 126 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with an eight-cent decline (-0.4%) bringing the stock to $19.65. This single loss is lowering the Dow Jones Industrial Average by 0.61 points or roughly accounting for 0.8% of the Dow's overall loss. Volume for Cisco Systems currently sits at 21.8 million shares traded vs. an average daily trading volume of 39.6 million shares.

Cisco Systems has a market cap of $105.02 billion and is part of the technology sector and computer hardware industry. Shares are up 9.4% year to date as of Wednesday's close. The stock's dividend yield sits at 2.8%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. The company has a P/E ratio of 12.8, 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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Market Signals Change of Direction: Cramer's 'Mad Money' Recap (Monday 9/18/17)

This Company Could Be a Fraud, Noted Short-Seller Andrew Left Says

John Chambers' Exit From Cisco Could Pave the Way for Big Moves

Chase Hires Amazon Customer-Service Exec as Digital's Rise Reshapes Branches