Dow Today: Cisco Systems (CSCO) Lags

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 187.0 points (-1.2%) at 15,150 as of Thursday, Aug 15, 2013, 9:35 a.m. ET. During this time, 41.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 561.5 million. The NYSE advances/declines ratio sits at 203 issues advancing vs. 2,458 declining with 65 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a $1.87 decline (-7.1%) bringing the stock to $24.51. This single loss is lowering the Dow Jones Industrial Average by 14.15 points or roughly accounting for 7.6% of the Dow's overall loss. Volume for Cisco Systems currently sits at 16.2 million shares traded vs. an average daily trading volume of 34.2 million shares.

Cisco Systems has a market cap of $140.67 billion and is part of the technology sector and computer hardware industry. Shares are up 34% year to date as of Wednesday's close. The stock's dividend yield sits at 2.6%.

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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Stocks Tumble as Trump Calls Off North Korea Summit

Stocks Tumble as Trump Calls Off North Korea Summit

Stocks Could Easily Crater Into Memorial Day Weekend

Stocks Could Easily Crater Into Memorial Day Weekend

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Video: Here Is How Real Estate Investment Trusts Can Boost Your Portfolio

Celgene Shares Rise on Plans to Increase Stock Buybacks

Celgene Shares Rise on Plans to Increase Stock Buybacks

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern