Cisco Systems Inc (CSCO): Today's Featured Computer Hardware 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 Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 1.1%. By the end of trading, Cisco Systems rose $0.35 (1.7%) to $20.73 on heavy volume. Throughout the day, 54,843,626 shares of Cisco Systems exchanged hands as compared to its average daily volume of 35,553,300 shares. The stock ranged in a price between $20.44-$20.75 after having opened the day at $20.47 as compared to the previous trading day's close of $20.38. Other companies within the Computer Hardware industry that increased today were: Mad Catz Interactive ( MCZ), up 9.2%, Concurrent Computer Corporation ( CCUR), up 7.7%, Seagate Technology ( STX), up 7.3% and Immersion Corporation ( IMMR), up 7.0%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, 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.

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 $111.5 billion and is part of the technology sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Wednesday. Currently there are 21 analysts that rate Cisco Systems a buy, 2 analysts rate it a sell, and 6 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Dataram Corporation ( DRAM), down 7.5%, iGo ( IGOI), down 4.3%, Silicon Graphics International ( SGI), down 3.9% and Identive Group ( INVE), down 3.1% , were all laggards within the computer hardware industry with Brocade Communications Systems ( BRCD) being today's computer hardware industry laggard.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.