Jim Cramer Dismissed Market Reaction To Cisco Systems, Inc. (NASDAQCSCO) Following Earnings

Image for article Jim Cramer Dismissed Market Reaction To Cisco Systems, Inc. (NASDAQCSCO) Following Earnings
News Source : Yahoo Entertainment

News Summary

  • (NASDAQ:CSCO)'s shares are up by more than 60% over the past year.
  • With the AI buildout in full swing, the firm has benefited from the demand for its products from data centers.
  • The shares closed 8.4% lower on August 13th after it reported its earnings on August 12th.
  • Cramer discussed the earnings and dismissed the market's reaction: "I know that Mythos, if you go and you read what Cisco's quarter was about"
Networking equipment provider Cisco Systems, Inc. (NASDAQCSCO)s shares are up by more than 60% over the past year and by more than 40% yeartodate.

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