Cisco Systems Inc (CSCO): Today's Featured Technology Winner

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.

Cisco Systems ( CSCO) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.6%. By the end of trading, Cisco Systems rose 34 cents (1.6%) to $21.92 on heavy volume. Throughout the day, 55.5 million shares of Cisco Systems exchanged hands as compared to its average daily volume of 35.3 million shares. The stock ranged in a price between $21.38-$21.95 after having opened the day at $21.57 as compared to the previous trading day's close of $21.59. Other companies within the Technology sector that increased today were: DynaVox ( DVOX), up 16.1%, Glu Mobile ( GLUU), up 14.8%, LDK Solar Company ( LDK), up 13.6%, and Electro-Sensors ( ELSE), up 9.1%.
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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 $115.04 billion and is part of the computer hardware industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate Cisco Systems a buy, one analyst rates it a sell, and eight 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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Pulse Electronics ( PULS), down 28.1%, Hanwha SolarOne ( HSOL), down 17.8%, VirnetX ( VHC), down 15.3%, and SemiLEDs ( LEDS), down 15.1%, were all laggards within the technology sector with Qualcomm ( QCOM) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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