Cramer: Earnings Beat Suggests More Upside to Come
Akamai Technologies, the leading playing in delivering video over the Web, reported yet another disappointing quarter last week. People have been worried about "faster Internet" stocks ever since, but Cramer said Thursday that what's bad for Akamai might not be bad for everyone else. In fact, it could be just the opposite.
Take Limelight Networks , for example. It's the "fast lane on the Internet superhighway," Cramer said, because it operates its own content delivery network. Its products allow customers to quickly and seamlessly deliver video content to your computer. The Tempe, Ariz.-based company also provides many higher-margin could computing services, which are becoming a larger part of the business.
Days after Akamai reported its weak results, Limelight delivered a better-than-expected quarter after Thursday's closing bell. It posted a 3 cent loss while analysts had expected a 5 cent loss. Its revenues rose by 38 percent year-over-year and the company gave upside guidance, too.
Cramer thinks there could be more upside to come. So to hear more, he invited CEO Jeff Lunsford onto "Mad Money." Watch the video to see the full interview.
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