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 133.0 points (-0.8%) at 15,875 as of Tuesday, Dec 3, 2013, 1:40 p.m. ET. During this time, 221.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.9 million. The NYSE advances/declines ratio sits at 868 issues advancing vs. 2,069 declining with 119 unchanged.
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Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a three-cent decline (-0.1%) bringing the stock to $21.06. This single loss is lowering the Dow Jones Industrial Average by 0.23 points or roughly accounting for 0.2% of the Dow's overall loss. Volume for Cisco Systems currently sits at 31.1 million shares traded vs. an average daily trading volume of 41.5 million shares. Cisco Systems has a market cap of $113.62 billion and is part of the technology sector and computer hardware industry. Shares are up 8.2% year to date as of Monday's close. The stock's dividend yield sits at 3.2%. 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 11.6, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.