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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 1.9%. By the end of trading, Cisco Systems rose $0.88 (3.9%) to $23.10 on heavy volume. Throughout the day, 79,619,456 shares of Cisco Systems exchanged hands as compared to its average daily volume of 43,726,300 shares. The stock ranged in a price between $22.30-$23.31 after having opened the day at $22.33 as compared to the previous trading day's close of $22.22. Other companies within the Computer Hardware industry that increased today were: Echelon Corporation ( ELON), up 9.0%, Immersion Corporation ( IMMR), up 7.1%, Nimble Storage ( NMBL), up 6.8% and Black Box Corporation ( BBOX), up 5.4%. 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 $115.0 billion and is part of the technology sector. Shares are down 0.1% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate Cisco Systems a buy, 1 analyst rates it a sell, and 7 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 reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
