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 up 79 points (+0.5%) at 16,106 as of Friday, Feb 14, 2014, 12:35 p.m. ET. During this time, 174.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 378.3 million. The NYSE advances/declines ratio sits at 1,789 issues advancing vs. 1,136 declining with 187 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 27-cent gain (+1.2%) bringing the stock to $22.54. This single gain is lifting the Dow Jones Industrial Average by 2.04 points or roughly accounting for 2.6% of the Dow's overall gain. Volume for Cisco Systems currently sits at 39.2 million shares traded vs. an average daily trading volume of 44.4 million shares.

Cisco Systems has a market cap of $122.17 billion and is part of the technology sector and computer hardware industry. Shares are up 1.9% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

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 expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

These Stocks Pay You to Own Them

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI