NEW YORK ( TheStreet) -- This recent earnings season hasn't been kind to techs stocks. With several companies reporting subpar quarters and lowered guidance, Cisco (CSCO - Get Report) continues to stand out. And with each passing quarter, the networking giant continues to make a case for why it is one of the best bargains on the market. And if second-quarter earnings are any indication, more gains are around the corner.Revenue arrived 5% higher year over year and advanced 2% sequentially. And there were signs that Cisco is still working to transition out of its hardware business. For instance, its core routing and switching businesses, which suffered of late, continue to erode. This is why Cisco has spent a good portion of its $45 billion cash hoard on recent acquisition for Meraki, Cariden and most recently BroadHop.
Cisco's Changeover Will Dominate Tech
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts