It has taken all week for Wall Street to care about what’s happening in Cyprus, but today stocks have plunged as traders try to decipher how the mess in Cyprus will play out. The European Central Bank has given Cyprus until Monday to raise $7.5 billion, which may come from bank deposits, pension funds, or other assets in the struggling country. If Cyprus defaults or leaves the eurozone, it wouldn’t be devastating in and of itself, but it could stoke fears that Spain or Italy would do the same.

The Dow Jones Industrial Average has fallen 0.53% near the end of trading, while the S&P 500 is down 0.71%, as investors realize what a big risk the tiny island nation really poses.

Cisco Systems is the biggest loser on the Dow, falling 4.1% after FBR Capital Marts analyst Scott Thompson downgraded the stock to underperform and slapped a price target of $17 on it. That’s a low price for a stock that trades at 9.9 times forward earnings, yields 2.6%, and has a boatload of cash.

Once a highflying tech darling, Cisco is now on the radar of value-oriented dividend lovers. Get the lowdown on the routing juggernaut in The Motley Fool’s premium report. Click here now to get started.

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