Cisco (CSCO) “Doesn’t Blow People Off,” Says Jim Cramer

Networking hardware instrumentality shaper Cisco Systems Inc. (NASDAQ:CSCO) reported its fiscal first-quarter net study connected Wednesday. The results saw the steadfast study $14.88 cardinal successful gross and $1 successful EPS which bushed expert estimates of $14.77 cardinal and $0.98. Citing orders from hyperscalers, Cisco Systems Inc. (NASDAQ:CSCO) outlined that its networking concern saw gross turn by 15% to $7.77 cardinal during the quarter. After yesterday’s adjacent and the latest earnings, Cisco Systems Inc. (NASDAQ:CSCO)’s existent guardant P/E ratio sits astatine 19, according to Yahoo Finance. Cramer discussed the steadfast up of the net study and assured viewers that the Cisco Systems Inc. (NASDAQ:CSCO) of 2025 wasn’t equivalent to the 1 successful 1999:

“[On upcoming earnings] Yeah and we ain it for the charitable trust. It’s not costly by the way. Now the past clip it was astatine these levels, it was precise expensive. Now you’re talking astir 1999, but that’s a institution that sells astatine 16 times earnings. It’s not the 1 that’s historically blowing up to anybody. Doesn’t stroke radical off.

While we admit the imaginable of CSCO arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.