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Jim Cramer — Cisco Is 'Undervalued and Misunderstood'

The following commentary was originally sent to Action Alerts PLUS subscribers on Aug. 17, 2016, at 7:23 p.m.

Cisco (CSCO) reported a top-line miss and bottom-line beat for its fiscal fourth quarter after Wednesday's close, while issuing what we view as conservative guidance for 2017's fiscal first quarter. We view the quarterly results positively, as the company continued to deliver growth at high margins across its strategically important businesses while shedding costs across its legacy lower-margin, low-growth businesses. (Cisco is...