We recently published 11 Stocks Jim Cramer Talked About. Cisco Systems Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer recently discussed.
Networking hardware equipment manufacturer Cisco Systems Inc. (NASDAQ:CSCO) reported its fiscal first-quarter earnings report on Wednesday. The results saw the firm report $14.88 billion in revenue and $1 in EPS which beat analyst estimates of $14.77 billion and $0.98. Citing orders from hyperscalers, Cisco Systems Inc. (NASDAQ:CSCO) outlined that its networking business saw revenue grow by 15% to $7.77 billion during the quarter. After yesterday’s close and the latest earnings, Cisco Systems Inc. (NASDAQ:CSCO)’s current forward P/E ratio sits at 19, according to Yahoo Finance. Cramer discussed the firm ahead of the earnings report and assured viewers that the Cisco Systems Inc. (NASDAQ:CSCO) of 2025 wasn’t equivalent to the one in 1999:
“[On upcoming earnings] Yeah and we own it for the charitable trust. It’s not expensive by the way. 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’s historically blowing up to anybody. Doesn’t blow people off.
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Disclosure: None. This article is originally published at Insider Monkey.