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 8.0 points at 13,162 as of Friday, Dec 14, 2012, 1:35 p.m. ET. During this time, 266.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 623 million. The NYSE advances/declines ratio sits at 1,413 issues advancing vs. 1,508 declining with 150 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 16-cent gain (+0.8%) bringing the stock to $19.90. Volume for Cisco Systems currently sits at 23.6 million shares traded vs. an average daily trading volume of 39.6 million shares. Cisco Systems has a market cap of $104.75 billion and is part of the technology sector and computer hardware industry. Shares are up 9.1% year to date as of Thursday'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 12.7, 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.