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 down 67.0 points (-0.4%) at 15,716 as of Tuesday, Nov 12, 2013, 1:30 p.m. ET. The NYSE advances/declines ratio sits at 822 issues advancing vs. 2,147 declining with 109 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 34-cent gain (+1.4%) bringing the stock to $23.78. Volume for Cisco Systems currently sits at 24.3 million shares traded vs. an average daily trading volume of 37.7 million shares.

Cisco Systems has a market cap of $126.59 billion and is part of the technology sector and computer hardware industry. Shares are up 19.6% year to date as of Monday's close. The stock's dividend yield sits at 2.9%.

Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) and other products related to the communications and information technology industry worldwide. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cisco Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. 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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