Jim Cramer: This Tech Stock Is ‘Terrific’, Home Depot Takes Beating

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Akamai Technologies, Inc. (NASDAQ:AKAM) is “terrific.”

Lending support to his choice, Akami Technologies, on Aug. 6, reported better-than-expected second-quarter financial results.

Akamai reported quarterly earnings of $1.59 per share, which beat the analyst consensus estimate of $1.57 per share. The company reported quarterly sales of $1.099 billion. It beat the analyst consensus estimate of $1.092 billion.

When asked about Builders FirstSource, Inc. (NYSE:BLDR), he said, “My Charitable Trust is getting the stuffies knocked out of it by Home Depot (NYSE:HD). I’m not going to go down the chain and go to Builders FirstSource.”

Home Depot is down more than 10% year to date.

Citizens analyst James McCanless initiated coverage on Builders FirstSource on Aug. 21 with a Market Perform rating.

“I’m really focused on companies that are making money,” Cramer said when asked about Applied Digital (NASDAQ:APLD). “I’m trying to focus on people getting off of margin, and getting to situations where companies are making money.”

On the earnings front, Applied Digital reported fourth-quarter revenue of $258.75 million on July 27, beating analyst estimates of $94.84 million, according to Benzinga Pro. The digital infrastructure provider reported adjusted earnings of four cents per share for the quarter, beating estimates for a loss of 22 cents per share.

Price Action

• Akamai shares gained 4.9% to settle at $110.75 on Wednesday.
• Builders FirstSource shares fell 1.9% to close at $61.39 during the session.
• Applied Digital dipped 4.1% to settle at $27.14 on Wednesday.

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