'I Don't Know John Ternus,' Jim Cramer Says — but He Trusts Tim Cook's Word on Apple's Next CEO

On CNBC’s “ Mad Money Lightning Round ,” Jim Cramer recommended buying Cisco Systems Inc. (NASDAQ: CSCO ), noting that it had a really good quarter. “I know that they gave very conservative guidance, but that’s all it was,” he added. On Aug. 12, Cisco reported better-than-expected financial results for the fourth quarter of fiscal 2026. The company guided for fiscal year 2027 revenue of $72.2 billion to $73.4 billion versus estimates of $68.69 billion. The company also guided for full-year adjusted earnings of $5.05 to $5.11 per share, versus estimates of $4.80 per share. Apple Inc (NASDAQ: APPL ) is “still a good buy” and he would own the stock, not trade it, Cramer said. “I know we’ve got a new CEO coming in, and I have...