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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 up 1.7%. By the end of trading, Cisco Systems rose $0.30 (1.4%) to $22.31 on average volume. Throughout the day, 36,986,458 shares of Cisco Systems exchanged hands as compared to its average daily volume of 45,841,500 shares. The stock ranged in a price between $22.15-$22.41 after having opened the day at $22.26 as compared to the previous trading day's close of $22.01. Other companies within the Computer Hardware industry that increased today were: Cray ( CRAY), up 14.6%, Hutchinson Technology ( HTCH), up 12.7%, Synaptics ( SYNA), up 9.3% and Dot Hill Systems Corporation ( HILL), up 6.2%. 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 $117.5 billion and is part of the technology sector. The company has a P/E ratio of 11.9, below the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate Cisco Systems a buy, no analysts rate it a sell, and 8 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, 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.
