Jim Cramer Explains Why Cisco Remains in the Charitable Trust Portfolio

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer commented on. A caller asked how Oracle’s strong earnings might impact Cisco’s future performance. They inquired whether the company could deliver similar results and whether the stock is currently a buy, hold, or sell. In response, Cramer said:

“This is a great question… We own it for the Charitable Trust. It’s not done anything… not done anything. I wish that Oracle were more relatable to it. It’s not. The problem here is that Cisco doesn’t have the kind of growth that those companies have, but why do we own it then for the trust? Because it does have the risk. And I think that not every stock has to be in there making it so that you’re going to get something that, be a big pop like Oracle. I like some slow and steady. You got a good yield, and you got good management.”

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Cisco Systems, Inc. (NASDAQ:CSCO) provides networking, security, collaboration, and cloud solutions, offering hardware, software, and services that enable secure connectivity, data management, and digital transformation.

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