Cisco attacks Huawei and wins its share of transactions, said CEO

Robbins said Wednesday during the call for results that, based solely on its technology, customers choose Cisco.

"I would put our innovation in competition with theirs and with anyone else in the world," he said.

Cisco's financial results for the second quarter exceeded revenue and earnings estimates, pushing the stock up by 3%. Infrastructure platforms, the largest Cisco business, grew 6%, also exceeding estimates.

Simon Leopold, an badyst at Raymond James, estimates that Cisco's exposure to China accounts for less than 2% of sales. Therefore, the company does not have to worry about the benefit of Huawei's original country. Leopold maintained its "outperformance" rating on the stock and emphasized the importance of bullish comments from Cisco regarding Huawei.

"Cisco claimed to be competing on the basis of the benefits of its products, excluding China, in the world," Leopold wrote in an article published Wednesday night. The answer implied that Cisco thought it could gain Huawei's shares out of China with or without government influence.

Kate Fazzini and Jordan Novet of CNBC contributed to this report.

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