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 down 14.0 points at 16,929 as of Tuesday, Jun 10, 2014, 12:36 p.m. ET. During this time, 124 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 351 million. The NYSE advances/declines ratio sits at 966 issues advancing vs. 1,989 declining with 165 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 20-cent gain (+0.8%) bringing the stock to $25. Volume for Cisco Systems currently sits at 20.9 million shares traded vs. an average daily trading volume of 38.7 million shares.

Cisco Systems has a market cap of $127.2 billion and is part of the technology sector and computer hardware industry. Shares are up 10.6% year-to-date as of Monday's close. The stock's dividend yield sits at 3.1%.

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 attractive valuation levels, good cash flow from operations, 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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