Dow Jones (DJIA) 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 97 points (+0.6%) at 17,042 as of Friday, Sep 26, 2014, 1:36 p.m. ET. During this time, 150.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.2 million. The NYSE advances/declines ratio sits at 1,814 issues advancing vs. 1,178 declining with 176 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 38-cent gain (+1.6%) bringing the stock to $24.92. This single gain is lifting the Dow Jones Industrial Average by 2.88 points or roughly accounting for 3% of the Dow's overall gain. Volume for Cisco Systems currently sits at 16.8 million shares traded vs. an average daily trading volume of 25.3 million shares.

Cisco Systems has a market cap of $127.38 billion and is part of the technology sector and computer hardware industry. Shares are up 9.4% 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) based networking products and services 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, growth in earnings per share 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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