Jim Cramer on Cisco: “The Future Is Bright for the Data Center Part of the Business”

Cisco Systems, Inc. (NASDAQ:CSCO) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer had a mixed view on the stock, as he commented:

Now, Cisco reports this night, and I gotta tell you, its stock’s galloping like 1999. Cisco’s just moving like this because it’s one of only a handful of networking companies that are dominant in the data center; Arista and Ciena are the other two. My gut says you may be a little late to buy Cisco without a pullback because this has been a monster move. But my brain says the stock sells for just 23 times forward earnings, so it isn’t all that expensive. Nothing’s ever perfect with Cisco, though, so… please be careful. The future is bright for the data center part of the business. Let’s find out about the rest.

Photo by Artem Podrez on Pexels

Cisco Systems, Inc. (NASDAQ:CSCO) creates networking, security, and collaboration tools that help organizations stay connected and protected. During the April 16 episode, a caller asked if it was a good or a profitable buy. Cramer replied:

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.

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