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?”

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.