Investing Club: We're trimming one of our tech stocks to protect against further supply chain issues
We're selling 205 shares of Cisco Systems at roughly $45.39 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 1,300 shares of CSCO, decreasing its weighting in the portfolio to 2.01% from 2.32%. We're trimming our position in Cisco and downgrading our rating to 2 from a 1 , following the strong earnings report Monday night from Arista Networks . Arista reported a significant upside surprise with quarterly revenue of $1.
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020.
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