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

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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.2%. By the end of trading, Cisco Systems rose $0.39 (1.7%) to $22.85 on average volume. Throughout the day, 34,420,279 shares of Cisco Systems exchanged hands as compared to its average daily volume of 45,353,000 shares. The stock ranged in a price between $22.48-$22.94 after having opened the day at $22.63 as compared to the previous trading day's close of $22.46. Other companies within the Technology sector that increased today were: WebMD Health Corporation ( WBMD), up 16.5%, Uni-pixel ( UNXL), up 16.3%, Wave Systems Corporation ( WAVX), up 8.6% and Astea International ( ATEA), up 7.9%.

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 $116.7 billion and is part of the computer hardware industry. Shares are up 0.1% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Cisco Systems a buy, 1 analyst rates 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 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.

On the negative front, SMTC Corporation ( SMTX), down 22.4%, Himax Technologies ( HIMX), down 14.0%, Kingtone Wirelessinfo Solution ( KONE), down 13.2% and NQ Mobile ( NQ), down 13.0% , were all laggards within the technology sector with Tim Participacoes ( TSU) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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