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 up 174 points (+1%) at 16,836 as of Monday, Aug 18, 2014, 12:36 p.m. ET. During this time, 116.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.3 million. The NYSE advances/declines ratio sits at 2,451 issues advancing vs. 545 declining with 150 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting an 18-cent gain (+0.8%) bringing the stock to $24.62. This single gain is lifting the Dow Jones Industrial Average by 1.36 points or roughly accounting for 0.8% of the Dow's overall gain. Volume for Cisco Systems currently sits at 13.4 million shares traded vs. an average daily trading volume of 28 million shares.

Cisco Systems has a market cap of $125.71 billion and is part of the technology sector and computer hardware industry. Shares are up 9.4% year-to-date as of Friday'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, 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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