Dow Today: Cisco Systems (CSCO) Lower

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 14.0 points at 15,098 as of Friday, Aug 16, 2013, 12:35 p.m. ET. During this time, 250.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.5 million. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.
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Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with an eight-cent decline (-0.3%) bringing the stock to $24.40. This single loss is lowering the Dow Jones Industrial Average by 0.61 points or roughly accounting for 4.4% of the Dow's overall loss. Volume for Cisco Systems currently sits at 22.6 million shares traded vs. an average daily trading volume of 34.8 million shares.

Cisco Systems has a market cap of $140.97 billion and is part of the technology sector and computer hardware industry. Shares are up 34.2% year to date as of Thursday'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.

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