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

NEW YORK ( TheStreet) -- Cisco Systems (Nasdaq: CSCO) hit a new 52-week high Thursday as it is currently trading at $26.07, above its previous 52-week high of $25.99 with 11.9 million shares traded as of 10:41 a.m. ET. Average volume has been 41.1 million shares over the past 30 days.

Cisco Systems has a market cap of $137.4 billion and is part of the technology sector and computer hardware industry. Shares are up 30.9% 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.

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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 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.

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