“It’s 40% cheaper as compared to the stock's 5-year historical price,” adds Tim Seymour. He too thinks Cisco should have more upside.
Top strategist Brian Marshall is more enthusiastic.
"Clearly the company is back on track. The company now has momentum," he says.
Marshall says there's a lot that he likes. "They grew revenue 11% year over year. They raised their dividend. (Cisco said on Wednesday it plans to pay a quarterly dividend of $0.08 per common share, up 2 cents from the previous quarter.) They had some good product cycles. Things are moving in the right direction. Numbers should be going up."
Looking at the results a little more closely, Net income grew to $2.2 billion, or 40 cents per share, from $1.5 billion, or $27 per share, a year earlier.
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Trader disclosure: On Feb. 8, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Seymour is long AAPL; Seymour is long BAC; Seymour is long CSCO; Finerman is long AAPL; Finerman is long BAC; Finerman is long JPM; Finerman is long IBM; Finerman is long HPQ; Finerman is long NTAP; Finerman is long CMI and short calls; Najarian is long AAPL; Najarian is long BAC calls; Najarian is long C; Najarian is long JPM calls; Najarian is long MS; Najarian is long CSCO and long calls; Najarian is long YHOO; Najarian is long HPQ; Najarian is long WFM calls; Najarian is long V calls; Murphy is short WHR;
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