Jim Cramer: How Net Neutrality Affected Cisco's Bottom Line

Jim Cramer explains how President Obama and net neutrality affected Cisco's bottom line. Cramer says the President's call for Internet service providers to be regulated like traditional telecomm carriers has caused the service providers to spend less on networking equipment that companies like Cisco make. Cisco CEO John Chambers has come out against net neutrality, saying Obama's strict rules could hurt his company’s business. Still, Cramer says this quarter was the best he's seen in a long time for Chambers. Cisco reported earnings on Wednesday that beat expectations on revenue and profits. Cisco also slightly lowered its guidance, now projecting the company to grow 4 percent to 7 percent in the next quarter where analysts were looking for 8 percent growth. Cramer says do not sell the stock, it is poised to go dramatically higher. It only needs one thing to go right -- whether it be emerging markets coming back, China, or if the service providers prevail and the FCC wins, the stock could go to $30.