Dow Today: Cisco Systems (CSCO) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 72 points (+0.5%) at 15,296 as of Tuesday, Jul 9, 2013, 11:35 a.m. ET. During this time, 189.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612.5 million. The NYSE advances/declines ratio sits at 2,052 issues advancing vs. 860 declining with 111 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 49-cent gain (+2%) bringing the stock to $25.11. This single gain is lifting the Dow Jones Industrial Average by 3.71 points or roughly accounting for 5.2% of the Dow's overall gain. Volume for Cisco Systems currently sits at 26.5 million shares traded vs. an average daily trading volume of 40.6 million shares.

Cisco Systems has a market cap of $131.31 billion and is part of the technology sector and computer hardware industry. Shares are up 25% year to date as of Monday's close. The stock's dividend yield sits at 2.8%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide.

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.

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