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 106 points (+0.7%) at 16,370 as of Friday, Mar 28, 2014, 11:36 a.m. ET. During this time, 135.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 414 million. The NYSE advances/declines ratio sits at 2,426 issues advancing vs. 526 declining with 148 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 41-cent gain (+1.9%) bringing the stock to $22.43. This single gain is lifting the Dow Jones Industrial Average by 3.1 points or roughly accounting for 2.9% of the Dow's overall gain. Volume for Cisco Systems currently sits at 20.2 million shares traded vs. an average daily trading volume of 43.5 million shares.

Cisco Systems has a market cap of $114.98 billion and is part of the technology sector and computer hardware industry. Shares are down 1.8% year to date as of Thursday's close. The stock's dividend yield sits at 3.5%.

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 reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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