Cisco Systems, Inc. (CSCO): It “Could Have An Oracle-Like Revaluation,” Says Jim Cramer

We recently published 8 Stocks That Jim Cramer Recently Talked About. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks Jim Cramer recently discussed.

Cisco Systems, Inc. (NASDAQ:CSCO) is a networking equipment provider whose shares have gained 15% year-to-date. The shares have benefited from strong earnings performance, such as the firm’s report in May that saw it raise revenue and EPS estimates and beat analyst revenue guidance. In his previous remarks about Cisco Systems, Inc. (NASDAQ:CSCO), Cramer has commented on how the firm is positioning itself to be the backbone of AI. His latest remarks, made during the Morning Take for his club meeting, followed a similar theme but built on it as well:

“[During Morning Take for the Club meeting] Look at Oracle, they’re gonna be in all the Oracle, all the data centers. And he’s Jensen’s partner, and the stock did not move that much when they announced that. They have a guy who is great cybersecurity who’s moving on up. And they are going to be the way you connect all these data centers to the rest of your systems.

Engineers using the latest Cisco TelePresence technology to collaborate with colleagues around the world.

Previously, Cramer discussed how Cisco Systems, Inc. (NASDAQ:CSCO) could be AI’s backbone:

“Last night I spoke with Chuck Robbins. He is positioning himself as being now the backbone of the internet with AI. It reminded me very much about John Chambers being the backbone of the internet. He began to get Cisco having its big move. But you also know David, remember the customers. The customers of Cisco, the telcos, its got a little telco feel to it. I think.

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