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

Core Viewpoint - Cisco Systems Inc. reported strong fiscal first-quarter earnings, exceeding analyst expectations, with significant growth in its networking business driven by orders from hyperscalers [2]. Financial Performance - Cisco reported revenue of $14.88 billion and earnings per share (EPS) of $1, surpassing analyst estimates of $14.77 billion and $0.98 respectively [2]. - The networking business revenue grew by 15% to $7.77 billion during the quarter [2]. - The current forward P/E ratio for Cisco is 19, indicating a relatively attractive valuation compared to historical levels [2]. Market Commentary - Jim Cramer highlighted that Cisco's current valuation is not as inflated as it was in 1999, suggesting a more stable investment outlook [3]. - Cramer emphasized that Cisco "doesn't blow people off," indicating a more grounded market perception compared to its past [3].