Dow Today: Cisco Systems (CSCO) 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.

The Dow Jones Industrial Average ( ^DJI) is trading up 161 points (+1.1%) at 14,992 as of Friday, May 3, 2013, 12:35 p.m. ET. During this time, 271.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 602.3 million. The NYSE advances/declines ratio sits at 2,292 issues advancing vs. 653 declining with 100 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 15-cent gain (+0.7%) bringing the stock to $20.88. This single gain is lifting the Dow Jones Industrial Average by 1.14 points or roughly accounting for 0.7% of the Dow's overall gain. Volume for Cisco Systems currently sits at 23.1 million shares traded vs. an average daily trading volume of 35.7 million shares.

Cisco Systems has a market cap of $108.67 billion and is part of the technology sector and computer hardware industry. Shares are up 3.7% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

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 11.7, 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 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.

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