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 down 79.0 points (-0.5%) at 16,634 as of Friday, Aug 15, 2014, 12:36 p.m. ET. During this time, 192.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.6 million. The NYSE advances/declines ratio sits at 1,072 issues advancing vs. 1,895 declining with 174 unchanged.
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Holding back the Dow today is Cisco Systems (Nasdaq: CSCO), which is lagging the broader Dow index with an 18-cent decline (-0.7%) bringing the stock to $24.36. This single loss is lowering the Dow Jones Industrial Average by 1.36 points or roughly accounting for 1.7% of the Dow's overall loss. Volume for Cisco Systems currently sits at 22.3 million shares traded vs. an average daily trading volume of 27.3 million shares.

Cisco Systems has a market cap of $129.09 billion and is part of the technology sector and computer hardware industry. Shares are up 12.3% year-to-date as of Thursday's close. The stock's dividend yield sits at 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 attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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