Cramer Sticks by Apple, Sees Opportunity in Cisco
CNBC's 'Mad Money Lightning Round' saw Jim Cramer recommend buying Cisco Systems Inc. (NASDAQ:CSCO) after it reported better-than-expected financial results for the fourth quarter of fiscal 2026.
The company guided for fiscal year 2027 revenue of $72.2 billion to $73.4 billion, versus estimates of $68.69 billion, and full-year adjusted earnings of $5.05 to $5.11 per share, versus estimates of $4.80 per share.
Cramer also stated that Apple Inc (NASDAQ:APPL) is 'still a good buy' and he would own the stock, not trade it.
When discussing Apple's upcoming leadership change, Cramer expressed confidence in Tim Cook's assessment, saying 'I know we've got a new CEO coming in, and I have made no secret of how great I think Tim Cook is. I do want to get to know the new CEO, and I don't know John Ternus.
Cisco shares fell 0.2% to settle at $112.15 on Thursday, while Apple shares rose 0.4% to close at $314.58 during the session.