Chastising tech giant Cisco for not pre-announcing its disappointing quarterly earnings and for its global losses, CNBC's Jim Cramer said Thursday that "open rebellion" was brewing among its investors.
"This was the worst quarter for any Dow stock this year," Cramer said on "Squawk on the Street,"
Cramer added: "Go to the conference call—open rebellion is beginning."
Shares of Cisco dipped in premarket trading Thursday, dropping 12.8 percent to $20.92. The company's first quarter-profit beat analyst's predictions by 2 cents per share, and revenue rose 2 percent as well, but not enough to beat expectations.