NEW YORK (TheStreet) -- After selling off following its earnings report, should investors run for the hills or buy more shares of Cisco Systems (CSCO)?

Stephanie Link, co-manager of Jim Cramer's charitable trust, Action Alerts Plus, told TheStreet's Lindsey Bell that expectations were high for the fourth quarter, which is seasonally the strongest quarter for Cisco, up 34% in 2013.

While the company beat earnings estimates, it provided weaker-than-expected guidance and announced it would be slashing 4,000 jobs, Link said. Although it was a mixed report, she found the selloff as a buying opportunity, especially when looking at the longer term. CSCO is already an Action Alerts Plus holding.

She added that Cisco was moving away from its switches and routers business, and into higher growth areas such as security, software, and services.

While the macro environment remains challenging, growth in Europe and the U.S. have been strong, she said. Overall, Link is a buyer based on Cisco's low valuation, strong cash flow and positive catalysts.

She added that she also likes Symantec ( SYMC) on a pullback, along with Google ( GOOG), Facebook ( FB) and Apple ( AAPL). FB and AAPL are also Action Alerts Plus holdings.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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