5 Stocks Pushing The Technology Sector Higher

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

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.8%) at 14,004 as of Wednesday, Feb. 27, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 2,181 issues advancing vs. 685 declining with 127 unchanged.

The Technology sector currently sits up 0.5% versus the S&P 500, which is up 0.8%. Top gainers within the sector include Guidewire Software ( GWRE), up 18.9%, LinkedIn ( LNKD), up 6.3%, Nokia Oyj ( NOK), up 5.1%, P.T. Telekomunikasi Indonesia Tbk ( TLK), up 4.3% and Telefonica ( TEF), up 3.1%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.8%, Hewlett-Packard ( HPQ), down 0.6% and NTT DoCoMo ( DCM), down 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Cisco Systems ( CSCO) is one of the companies pushing the Technology sector higher today. As of noon trading, Cisco Systems is up $0.25 (1.2%) to $20.86 on light volume Thus far, 7.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 37.7 million shares. The stock has ranged in price between $20.44-$20.87 after having opened the day at $20.60 as compared to the previous trading day's close of $20.61.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $110.2 billion and is part of the computer hardware industry. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Tuesday. Currently there are 21 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 8 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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Cisco Systems Ratings Report now.

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