Tyler Crowe

And so we're going to talk about Cisco's earnings, we're going to talk about Lumentum's earnings, and also we'll get into, hey, maybe we should talk about non-AI things for a little bit from our investor mailbag.

But as I said, we're going to start with Cisco.

And we got a question a little while ago from one of our listeners, I hope I get the name right, Ahilish Shankar.

And was asking about Cisco and what are our thoughts on it.

And I thought it would be a great time to start the conversation today because Cisco reported earnings and the stock is up 13.8% as we were recording because numbers were pretty good.

Revenue growth was up about 12% for the year earnings was up and obviously guidance was looking pretty good.

John, why don't you run us through the numbers and what you guys saw in this particular earnings that I would say defied expectations of what Cisco has been for a while?

Ahilish asked related to is like, is this a good idea?

And this is one of the things I've been struggling with with Cisco.

And we'll get into it with when we talk about Lumentum in the next section as well, is that these are businesses that have been notoriously cyclical for pretty much all of their life as well.

Publicly traded companies.

I mean, Cisco, like to John's point, was the poster child of, you know, massive build out during the dot com boom of everybody had to have Cisco systems equipment.

And then everyone was like, well, maybe we don't.

Maybe we can use other stuff.

And it was OK.

You know, it took like decades for investors to see the highs of Cisco stock again.

Looking back over the past 10 years, revenue has kind of been up and down.

Operating cash flow for this company is more or less what it was 10 years ago.

And so this is where it's been a little bit of a struggle for me.

The company is doing much, much better right now.