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 42 points (+0.2%) at 18,042 as of Thursday, Jun 11, 2015, 10:36 a.m. ET. During this time, 63.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 353.8 million. The NYSE advances/declines ratio sits at 1,708 issues advancing vs. 1,178 declining with 187 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 37-cent gain (+1.3%) bringing the stock to $29.03. This single gain is lifting the Dow Jones Industrial Average by 2.8 points or roughly accounting for 6.7% of the Dow's overall gain. Volume for Cisco Systems currently sits at 8.2 million shares traded vs. an average daily trading volume of 25 million shares.

Cisco Systems has a market cap of $143.63 billion and is part of the technology sector and computer hardware industry. Shares are up 3% year-to-date as of Wednesday'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 revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and increase in net income. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE..

If you liked this article you might like

This Is the Perfect Time to Buy Dividend Stocks

This Is the Perfect Time to Buy Dividend Stocks

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Wall Street Futures Are Upbeat Ahead of Long Weekend

Wall Street Futures Are Upbeat Ahead of Long Weekend

Stocks Explode, Walmart Eyes Stake in India's Flipkart - 5 Things You Must Know

Stocks Explode, Walmart Eyes Stake in India's Flipkart - 5 Things You Must Know

Bulls Back on Track; Bitcoin Breaks Above $10,000 -- ICYMI

Bulls Back on Track; Bitcoin Breaks Above $10,000 -- ICYMI