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 down 78.0 points (-0.5%) at 15,250 as of Friday, Sep 27, 2013, 10:30 a.m. ET. During this time, 105.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio sits at 988 issues advancing vs. 1,774 declining with 162 unchanged.
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Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a 60-cent decline (-2.5%) bringing the stock to $23.17. This single loss is lowering the Dow Jones Industrial Average by 4.54 points or roughly accounting for 5.8% of the Dow's overall loss. Volume for Cisco Systems currently sits at 30.4 million shares traded vs. an average daily trading volume of 32.9 million shares.

Cisco Systems has a market cap of $129.43 billion and is part of the technology sector and computer hardware industry. Shares are up 22.9% 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) and other products related to the communications and information technology industry 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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