Cramer notes Macy's (M) did the same thing, but he says Cisco has "a game, set and match situation" against its competitors and says the company has dominated both Alcatel-Lucent (ALU) and Juniper Networks (JNPR) .
But Cramer says the service providers have cut back, largely because of President Barack Obama's stance on net neutrality, in which he went against all the U.S. spending that AT&T (T) or Verizon (VZ) or Sprint (S) might do. Cramer thinks Cisco CEO John Chambers is leading the charge against net neutrality.
Cramer points out that Chambers has $52 billion overseas that could be repatriated with the right corporate tax bill. If the service providers start spending again, then Cisco's numbers could explode. Cramer also says Chambers is ready to make a ton of money if the emerging markets come back.
Cramer says this stock is finally poised to go dramatically higher with a great buyback and great dividend, and very little has to go right in 2015 for that to happen. Cramer believes the stock goes to $30 if the services providers prevail, the FCC wins and the president drops back.