Scott Nations Thinks That Cisco Systems (CSCO) Will Post A Great Quarter

Scott Nations said on CNBC's Fast Money Final Call that he is bullish on Cisco Systems, Inc. (NASDAQ: CSCO). He is encouraged by today's news that business investment spending rose 17% in the second quarter. He added that most of that money was used in internet related investments, and Cisco (CSCO) should benefit from that.

This could be a preview to Cisco's (CSCO) earnings report, and Scott Nations wants to use options to establish a long position in this stock. He wants to buy the August 24 call for $0.30.

Scott Nations added that Cisco Systems, Inc. (CSCO) has to rally only 6%, for him to profit on this trade. Cisco Systems, Inc. (CSCO) fell 0.60% today, and closed at $23.07. CSCO will report earnings on August 11th.