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 1.0%. By the end of trading, Cisco Systems rose $0.27 (1.3%) to $21.10 on light volume. Throughout the day, 26,782,619 shares of Cisco Systems exchanged hands as compared to its average daily volume of 36,977,500 shares. The stock ranged in a price between $20.82-$21.10 after having opened the day at $20.83 as compared to the previous trading day's close of $20.83. Other companies within the Computer Hardware industry that increased today were: Dataram Corporation ( DRAM), up 41.0%, Black Box Corporation ( BBOX), up 18.2%, Quantum Corporation ( QTM), up 9.4% and Hutchinson Technology ( HTCH), up 9.0%.
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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 $110.5 billion and is part of the technology sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are up 5.4% year to date as of the close of trading on Thursday. Currently there are 22 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, Universal Display Corporation ( PANL), down 17.5%, Performance Technologies ( PTIX), down 5.4%, Overland Storage ( OVRL), down 5.1% and OCZ Technology Group ( OCZ), down 4.7%.

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).

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