Why Jim Cramer Is Glad Cisco was Downgraded Ahead of Earnings

Jim Cramer explains why Cisco is coming in too hot and what investors should be watching when the company releases earnings Wednesday after the bell.
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Cisco (CSCO) - Get Report investors are waiting for a signal as the 2019 outlook for the networking giant remains a matter of debate, reported Real Money's Kevin Curran.

Shares of the switch king were up a hair near Wednesday's opening bell as Cisco expects to report fiscal second-quarter results after the close. Analysts debating the outlook are expecting earnings per share of $0.72 and revenue of $12.4 billion to be the metrics for any earnings move.

Related: Cisco Treads Water as Analysts Debate Outlook on Earnings

Related: Cisco Systems Could Eventually Break Out to New Highs

The tepid move comes after a run of 10% in the last month and a rise on Tuesday despite a downgrade from Morgan Stanley, which thinks shares of Cisco may be running a bit too hot.

Ahead of earnings, Cisco isReal Money's Stock of the Day.

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