Cisco Systems Inc (CSCO): Today's Featured Computer Hardware 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 Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.2%. By the end of trading, Cisco Systems rose $0.29 (1.2%) to $24.43 on average volume. Throughout the day, 26,118,998 shares of Cisco Systems exchanged hands as compared to its average daily volume of 32,985,300 shares. The stock ranged in a price between $24.12-$24.55 after having opened the day at $24.19 as compared to the previous trading day's close of $24.14. Other companies within the Computer Hardware industry that increased today were: Silver Spring Networks ( SSNI), up 9.4%, SMART Technologies ( SMT), up 8.5%, Seagate Technology ( STX), up 5.0% and Silicon Graphics International ( SGI), up 3.3%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. Cisco Systems has a market cap of $130.2 billion and is part of the technology sector. Shares are up 23.5% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 7 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, Crossroads Systems ( CRDS), down 20.0%, iGo ( IGOI), down 5.7%, Interphase ( INPH), down 5.0% and Lantronix ( LTRX), down 3.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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