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..

The Dow Jones Industrial Average ( ^DJI) is trading up 18 points at 18,086 as of Wednesday, May 13, 2015, 10:36 a.m. ET. During this time, 81.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 366 million. The NYSE advances/declines ratio sits at 1,736 issues advancing vs. 1,150 declining with 166 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a nine-cent gain (+0.3%) bringing the stock to $29.32. This single gain is lifting the Dow Jones Industrial Average by 0.68 points or roughly accounting for 3.8% of the Dow's overall gain. Volume for Cisco Systems currently sits at seven million shares traded vs. an average daily trading volume of 25.4 million shares.

Cisco Systems has a market cap of $149.11 billion and is part of the technology sector and computer hardware industry. Shares are up 5% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.9%.

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 revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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