Cisco Systems Stock Gaps Up On Today's Open (CSCO)
Shares of Cisco Systems (Nasdaq:CSCO) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $21.21 yesterday and opened today's trading at $23.51.
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. NEW YORK ( TheStreet) -- Shares of Cisco Systems (Nasdaq: CSCO) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $21.21 Wednesday and opened today's trading at $23.51.
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The average volume for Cisco Systems has been 35.4 million shares per day over the past 30 days. Cisco Systems has a market cap of $113.41 billion and is part of the technology sector and computer hardware industry. Shares are up 8.2% year to date as of the close of trading on Wednesday. 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 12.2, 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. You can view the full Cisco Systems Ratings Report. Get more investment ideas from our investment research center. 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.