Cisco Systems Stock Hits New 52-Week High (CSCO)

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) -- Cisco Systems (Nasdaq: CSCO) hit a new 52-week high Friday as it is currently trading at $24.74, above its previous 52-week high of $24.69 with 11.2 million shares traded as of 11:06 a.m. ET. Average volume has been 40.8 million shares over the past 30 days.

Cisco Systems has a market cap of $129.97 billion and is part of the technology sector and computer hardware industry. Shares are up 23.8% year to date as of the close of trading on Thursday.

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 13.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Cisco Systems Ratings Report.

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