Jim Cramer Wants You to Check These 10 Stocks

5. Cisco Systems Inc. (NASDAQ:CSCO)

Number of Hegde Fund Investors: 61

When a viewer asked Jim Cramer about Cisco Systems Inc. (NASDAQ:CSCO), he noted that the company’s recent quarter was strong but didn’t result in much follow-through in the stock price. Cramer advised against buying Cisco Systems Inc. (NASDAQ:CSCO) aggressively at prices above $50. He expressed support for Cisco Systems Inc. (NASDAQ:CSCO)’s actions, particularly its acquisition of Splunk, which CEO Chuck Robbins purchased at what seemed to be a favorable price.

“I thought it was a very good quarter, but it seems that there wasn’t much follow-through afterward. To me, it feels like you shouldn’t chase it here over $50. However, I do like what they’re doing, especially with Splunk, and Chuck Robbins, the CEO, bought Splunk at what appears to be a good price. Things are looking better, inventory is clean, but I wouldn’t recommend buying aggressively over $50. That approach doesn’t work for me.”

Cisco Systems Inc. (NASDAQ:CSCO) is well-positioned for growth due to strong demand for its networking products, especially in cloud computing and cybersecurity. Cisco Systems Inc. (NASDAQ:CSCO)’s shift towards subscription-based software and recurring revenue models further supports its long-term growth potential.

Cisco Systems Inc. (NASDAQ:CSCO)’s recent $28 billion acquisition of Splunk is set to enhance its cybersecurity capabilities and strengthen its position in data security and analytics. This move, combined with Cisco Systems Inc. (NASDAQ:CSCO)’s solid financial performance and strategic focus, underscores its potential for continued success and leadership in the market.