Dow Today: Cisco Systems (CSCO) Lower

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 21 points (+0.1%) at 16,716 as of Tuesday, May 13, 2014, 11:36 a.m. ET. During this time, 124.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 391.6 million. The NYSE advances/declines ratio sits at 1,406 issues advancing vs. 1,550 declining with 164 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.

Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with a 32-cent decline (-1.4%) bringing the stock to $22.87. Volume for Cisco Systems currently sits at 22.7 million shares traded vs. an average daily trading volume of 40.2 million shares.

Cisco Systems has a market cap of $118.58 billion and is part of the technology sector and computer hardware industry. Shares are up 3.4% year-to-date as of Monday'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 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.

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

Cisco Could Be in Line for Some Big Changes With John Chambers' Exit

7 Essential Rules for Investing in Tech Stocks

Hewlett Packard Enterprise Becomes the Latest Tech Titan to Slash Jobs

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

'Trump Stock' Rally Is Back on Track