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 up 21 points (+0.1%) at 14,984 as of Friday, Aug 23, 2013, 1:35 p.m. ET. During this time, 377.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 548.4 million. The NYSE advances/declines ratio sits at 1,821 issues advancing vs. 1,140 declining with 101 unchanged.
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Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader index with a one-cent decline to $24. Volume for Cisco Systems currently sits at 19.5 million shares traded vs. an average daily trading volume of 36 million shares.

Cisco Systems has a market cap of $128.64 billion and is part of the technology sector and computer hardware industry. Shares are up 22.5% year to date as of Thursday'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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