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 161 points (+1%) at 15,537 as of Monday, Sep 16, 2013, 12:35 p.m. ET. During this time, 217.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 518.8 million. The NYSE advances/declines ratio sits at 2,425 issues advancing vs. 535 declining with 80 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting an 11-cent gain (+0.5%) bringing the stock to $24.43. This single gain is lifting the Dow Jones Industrial Average by 0.83 points or roughly accounting for 0.5% of the Dow's overall gain. Volume for Cisco Systems currently sits at 19.1 million shares traded vs. an average daily trading volume of 34.4 million shares.

Cisco Systems has a market cap of $130.23 billion and is part of the technology sector and computer hardware industry. Shares are up 23.6% 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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