Cisco Systems Inc (CSCO): Today's Featured Technology Winner

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.

Cisco Systems ( CSCO) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.3%. By the end of trading, Cisco Systems rose $0.29 (1.2%) to $23.77 on average volume. Throughout the day, 27,225,687 shares of Cisco Systems exchanged hands as compared to its average daily volume of 35,410,400 shares. The stock ranged in a price between $23.50-$23.92 after having opened the day at $23.52 as compared to the previous trading day's close of $23.48. Other companies within the Technology sector that increased today were: LiveDeal ( LIVE), up 22.6%, Hanwha SolarOne ( HSOL), up 16.4%, JA Solar Holdings Co. ADR ( JASO), up 15.9% and Amtech Systems ( ASYS), up 15.6%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. Cisco Systems has a market cap of $124.6 billion and is part of the computer hardware industry. Shares are up 18.6% year to date as of the close of trading on Tuesday. Currently there are 22 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 rate it a hold.

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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Oclaro ( OCLR), down 13.3%, Glowpoint ( GLOW), down 11.5%, Guidewire Software ( GWRE), down 7.3% and Nexxus Lighting ( NEXS), down 5.8% , were all laggards within the technology sector with NetSuite ( N) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

7 Essential Rules for Investing in Tech Stocks

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

These Stocks Pay You to Own Them