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Investors want stability, said Cramer, and that's exactly what the company delivered by opting to increase its dividend rather than continuing its unsuccessful stock buyback program.
Cramer said that investors need to get out of the mindset that revenue growth is all that matters. Cisco is taking market share and not only boosted its dividend, but also explained how it was able to do so thanks to its increasing free cash flow.Cisco's strong results may put pressure on rival Juniper Networks (JNPR), said Cramer, but Cisco is a buy right here and shares will likely top $20 in the near future. Watch the full Cramer interview