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 1.8%. By the end of trading, Cisco Systems rose $0.36 (1.5%) to $24.35 on light volume. Throughout the day, 23,966,938 shares of Cisco Systems exchanged hands as compared to its average daily volume of 40,930,900 shares. The stock ranged in a price between $23.88-$24.40 after having opened the day at $23.93 as compared to the previous trading day's close of $23.99. Other companies within the Computer Hardware industry that increased today were: Overland Storage ( OVRL), up 17.0%, XRS ( XRSC), up 14.7%, Radcom ( RDCM), up 9.7% and Interphase ( INPH), up 9.2%.
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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 $128.6 billion and is part of the technology sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 22.5% year to date as of the close of trading on Wednesday. Currently there are 23 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 7 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 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.

On the negative front, Ruckus Wireless ( RKUS), down 5.8%, SMART Technologies ( SMT), down 2.9%, Quantum Corporation ( QTM), down 2.7% and Identive Group ( INVE), down 2.4%.

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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