While analysts at RBC Capital Markets upgraded Cisco to outperform from neutral, analysts at Nomura Securities initiated coverage with a hold rating.
Cramer, the portfolio manager of the Action Alerts PLUS portfolio, which is long Cisco, pointed out that the analysts at Nomura Securities appear more bullish on a Cisco competitor, Arista Networks (ANET), which they initiated with a buy rating.
It wasn't all that long ago -- in December 2014 -- when Cisco Systems sued Arista Networks over patent infringements, Cramer reminded investors.
However, when it comes to the stocks, he prefers to the stick with the tech titan Cisco. "I wasn't happy with the guidance last quarter" from Arista Networks, he said, adding that he likes the new CEO taking over at Cisco.