Cisco Systems Inc (CSCO): Today's Featured Computer Hardware Winner

Apr 1, 2014 5:00 PM EDT

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%.

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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.

You can view the full Cisco Systems Ratings Report.

On the negative front, Elecsys Corporation ( ESYS), down 6.3%, Overland Storage ( OVRL), down 1.8%, Identive Group ( INVE), down 1.8% and Silver Spring Networks ( SSNI), down 1.6% , were all laggards within the computer hardware industry with Teradata Corporation ( TDC) being today's computer hardware industry laggard.

Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).