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Jim Cramer Backs Credo Technology as a Winner, Steers Clear of SentinelOne

MarketDash Editorial Team
11 hours ago
CNBC's Jim Cramer named Credo Technology one of the great growth stories after the company crushed earnings expectations by over 36%. He's steering investors toward established cybersecurity names and away from SentinelOne following weak guidance.

Jim Cramer isn't backing down from his bullish stance on Credo Technology Group Holding Ltd (CRDO). During CNBC's "Mad Money Lightning Round," the host called the company a "winner" and doubled down on his enthusiasm for its growth prospects.

"We think that Credo has one of the great growth stories, and I'm not going to back away from it," Cramer said.

The confidence makes sense when you look at the numbers. Credo reported its second-quarter financial results on December 1, and they were nothing short of impressive. The company posted adjusted earnings of 67 cents per share, crushing analyst expectations of 49 cents by a solid 36.18%. Revenue came in at $268.03 million, comfortably beating the consensus estimate of $234.92 million. The company also issued strong third-quarter sales guidance, giving investors even more reason to feel optimistic.

Cybersecurity Stocks: Pick Your Winners Carefully

Not every tech stock got the Cramer seal of approval, though. When asked about SentinelOne, Inc. (S), he gave it a firm "no" and suggested investors stick with more established names in the cybersecurity space like CrowdStrike Holdings, Inc (CRWD) or Palo Alto Networks, Inc. (PANW).

SentinelOne's recent earnings report might explain the hesitation. On December 4, the company reported solid third-quarter results but disappointed with fourth-quarter sales guidance that came in below estimates. Making matters worse, SentinelOne also narrowed its fiscal 2026 sales guidance below what analysts were expecting. That's the kind of forward-looking weakness that makes investors nervous.

Other Tech Stocks on Cramer's Radar

When a viewer asked about Bitmine Immersion Technologies, Inc. (BMNR), Cramer's advice was brief: "Let's steer clear of that." The company recently announced on December 8 that it now owns more than 3.2% of the total Ethereum supply, representing two-thirds of its "Alchemy of 5%" goal. But that wasn't enough to win Cramer over.

Ciena Corporation (CIEN) got a much warmer reception. Cramer said the networking equipment company reported an "amazing" quarter and noted that the stock has "moved a great deal." His take? "I'm not going to fight you on it."

Ciena's December 11 earnings report backs up that assessment. The American telecom networking equipment and software services supplier posted quarterly revenue growth of 20.3% year-over-year, reaching $1.35 billion and beating the analyst consensus of $1.29 billion. Adjusted earnings per share came in at 91 cents, topping expectations of 77 cents.

Price Action

Here's how these stocks performed on Thursday:

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Jim Cramer Backs Credo Technology as a Winner, Steers Clear of SentinelOne

MarketDash Editorial Team
11 hours ago
CNBC's Jim Cramer named Credo Technology one of the great growth stories after the company crushed earnings expectations by over 36%. He's steering investors toward established cybersecurity names and away from SentinelOne following weak guidance.

Jim Cramer isn't backing down from his bullish stance on Credo Technology Group Holding Ltd (CRDO). During CNBC's "Mad Money Lightning Round," the host called the company a "winner" and doubled down on his enthusiasm for its growth prospects.

"We think that Credo has one of the great growth stories, and I'm not going to back away from it," Cramer said.

The confidence makes sense when you look at the numbers. Credo reported its second-quarter financial results on December 1, and they were nothing short of impressive. The company posted adjusted earnings of 67 cents per share, crushing analyst expectations of 49 cents by a solid 36.18%. Revenue came in at $268.03 million, comfortably beating the consensus estimate of $234.92 million. The company also issued strong third-quarter sales guidance, giving investors even more reason to feel optimistic.

Cybersecurity Stocks: Pick Your Winners Carefully

Not every tech stock got the Cramer seal of approval, though. When asked about SentinelOne, Inc. (S), he gave it a firm "no" and suggested investors stick with more established names in the cybersecurity space like CrowdStrike Holdings, Inc (CRWD) or Palo Alto Networks, Inc. (PANW).

SentinelOne's recent earnings report might explain the hesitation. On December 4, the company reported solid third-quarter results but disappointed with fourth-quarter sales guidance that came in below estimates. Making matters worse, SentinelOne also narrowed its fiscal 2026 sales guidance below what analysts were expecting. That's the kind of forward-looking weakness that makes investors nervous.

Other Tech Stocks on Cramer's Radar

When a viewer asked about Bitmine Immersion Technologies, Inc. (BMNR), Cramer's advice was brief: "Let's steer clear of that." The company recently announced on December 8 that it now owns more than 3.2% of the total Ethereum supply, representing two-thirds of its "Alchemy of 5%" goal. But that wasn't enough to win Cramer over.

Ciena Corporation (CIEN) got a much warmer reception. Cramer said the networking equipment company reported an "amazing" quarter and noted that the stock has "moved a great deal." His take? "I'm not going to fight you on it."

Ciena's December 11 earnings report backs up that assessment. The American telecom networking equipment and software services supplier posted quarterly revenue growth of 20.3% year-over-year, reaching $1.35 billion and beating the analyst consensus of $1.29 billion. Adjusted earnings per share came in at 91 cents, topping expectations of 77 cents.

Price Action

Here's how these stocks performed on Thursday: