Cramer is pretty excited about a new stock coming to market.
The company is called Gigamon, which will trade under the symbol GIMO.
"I think you should call your broker immediately so that you can try to get some shares in theIPO," Cramer said with customary enthusiasm. Gigamon is going to have a small initial public offering that I expect to be red hot."
So what is Gigamon and why does Cramer think it could spike so hard right out of the gate?
The company is involved in a niche area of technologyin which their products allow large and medium sized business do a better job of managing and monitoring their networks. Essentially, Gigamon's customers get more performance out of less network infrastructure, which can generate significant cost savings.
It appears Gigamon's services are starting to catch on.
"The company already has over a thousand customers, and they've experienced a ton of repeat buying—a majority of Gigamon's sales in any given quarter come from existing customers who are making additional purchases," Cramer explained.
Of course none of this matters unless the business is run well. And in the case of Gigamon, Cramer thinks the numbers speak volumes.
"Gigamon's revenues have grown at a 40% clip over the last two years, and recently, they've accelerated, as the company posted 55% revenue growth in its most recent quarter," Cramer explained
And here's the the piece de resistance - Gigamon has been profitable for the past five years," Cramer added. That's often not the case in technology IPOs.