Jim Cramer Calls Cisco a “Great Company With Great Management”

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer talked about. Cramer said that he has been “paying close attention” to the company stock. He commented:

“Now, I’ve been paying close attention to this one because Cisco’s the newest holding for my Charitable Trust. We bought it late last month, and it had a quick 3% gain going into yesterday’s close. Today, though, we have a smaller gain, but even though the quarter wasn’t perfect, I think it was net positive…

In the end, I think most of the hand-wringing over the lackluster parts of the quarter missed the big picture here. Instead, investors should be focused on the really strong momentum that Cisco’s seeing for its AI-related products and services. Those are the ones we saw him put together with Jensen Huang and NVIDIA…

I want you to put it all together. This is what I heard from Cisco: don’t sweat the stock’s small pullback. There was a lot to like from the quarter, especially the strong orders, which gives me confidence that Cisco’s inline guidance will ultimately prove to be conservative… I think they were practicing… under promise and overdeliver.

The bottom line: When you see Cisco pulling back after what I thought was a positive quarter, my recommendation is that you do some buying, not selling, because this is a great company with great management that’s finally riding the AI wave that I wanted so much for them to do. And hey, when the hyperscalers are building data centers all over the place, how can you not have some networking equipment exposure?”

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Cisco Systems, Inc. (NASDAQ:CSCO) designs and sells networking hardware, software, and security solutions that enable connectivity across data centers, enterprises, and wireless networks.

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Disclosure: None. This article is originally published at Insider Monkey.