This column was originally published on RealMoney on Oct. 5 at 2:58 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.
hit a 52-week-high just now and the only question to ask is, "Why should Cisco stop here?"
It has accelerating revenue growth and an awesome cable hardware story. It has the carcasses of
to prey on. It can outshine
and all of the other players without a problem.
It is growing at 14% and sells at 18 times earnings. It has the best balance sheet in tech, and it has a management team that is heavily motivated after the embarrassments of the past five years.
When it reported that last quarter, I said it would go to $25. Since then,
have decided to up their spending. Since then, the enterprise business has gotten even healthier. (If you take a look at
, you can see that happening right now.)
This stock's been having a stealth rally just like
. The stealth rally should continue and, into the last few months of the year, gain speed.
At the time of publication, Cramer had no positions in any of the stocks mentioned in this column.
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