Dow Today: Cisco Systems (CSCO) Higher

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 up 17 points (+0.1%) at 15,098 as of Monday, Aug 19, 2013, 10:35 a.m. ET. During this time, 114.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 559.7 million. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,874 declining with 112 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 31-cent gain (+1.3%) bringing the stock to $24.58. This single gain is lifting the Dow Jones Industrial Average by 2.35 points or roughly accounting for 13.8% of the Dow's overall gain. Volume for Cisco Systems currently sits at 12.7 million shares traded vs. an average daily trading volume of 36.3 million shares.

Cisco Systems has a market cap of $130.86 billion and is part of the technology sector and computer hardware industry. Shares are up 24.6% year to date as of Friday'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 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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