Jim Cramer on Cisco (CSCO): “Chuck Robbins Is Doing a Terrific Job There”

Cisco Systems, Inc. (NASDAQ:CSCO) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. A caller asked if Cramer thinks the stock is a “good buy” or a “profitable buy.” In response, he said:

Yeah, I do. I do. Now, we did sell for the Charitable Trust… nice gain. But we have so much data center; I felt like that we were taking, just taking on too much. Talked about that in today’s meeting. I think you’re in great shape without… It’s doing very, very well. Chuck Robbins is doing a terrific job there.

A stock market graph. Photo by Alesia Kozik on Pexels

Cisco Systems, Inc. (NASDAQ:CSCO) creates networking, security, and collaboration tools that help organizations stay connected and protected. On February 6, Cramer mentioned the company under his game plan, and said:

The stock’s been soaring. I don’t know. We have to find out whether this is a company that has got less software, more hardware. In the old days, I used to hope it had more software and less hardware, but it’s still a sizeable position for the Charitable Trust.

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