We recently published 11 Stocks Jim Cramer Talked About. Cisco Systems Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer talked about recently.
Networking hardware equipment maker Cisco Systems Inc. (NASDAQ:CSCO) reported its fiscal first-quarter earnings report on Wednesday. The results had the company reporting $14.88 billion in revenue and $1 in EPS, beating analyst estimates of $14.77 billion and $0.98. Citing orders for hyperscalers, Cisco Systems Inc. (NASDAQ:CSCO) noted that its networking business saw revenue growth of 15% to $7.77 billion during the quarter. After yesterday’s close and the latest earnings, Cisco Systems Inc.’s (NASDAQ:CSCO) current forward P/E ratio stands at 19, according to Yahoo Finance. Cramer talked about the company before the earnings report, assuring viewers that the Cisco Systems Inc. (NASDAQ:CSCO) of 2025 was not equivalent to that of 1999:
“(On upcoming earnings) Yes, and we own it for the charitable foundation. By the way, it’s not expensive. Now, the last time it was at these levels, it was very expensive. Now you’re talking about 1999, but that’s a company that sells at 16 times earnings. It’s not the one that historically is exploiting anyone. It doesn’t surprise people.
While we recognize CSCO’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise for generating higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.