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Time to Buy Salesforce.com?

Forget Hewlett-Packard, take a look at Salesforce.com, Cramer said Monday.

Last week, H-P announced a disappointing quarter and its plans to spin off or sell its PC business, shut down its tablet business and buy software company Autonomy for $11 billion. Salesforce.com , on the other hand, delivered a stellar quarter.

“[Salesforce] represents what’s working in tech, specifically the move to cloud computing,” Cramer said. “Yet it trades like what’s NOT working.”

He thinks the company is way too cheap on its revenue growth rate, especially considering Hewlett-Packard is doing everything in its power to become more like Salesforce.

But the differences between HPQ and CRM are stark, the “Mad Money” host pointed out.

Hewlett-Packard’s CFO noted its tough outlook on its earnings conference call and had a “litany of excuses and alibis,” Cramer said. But Salesforce’s call was all about confidence, saying it hadn’t seen a softening environment and, in fact, said it saw a strong quarter and raised guidance.

What’s more, H-P’s announcements were full of uncertainty and the company has no serious leadership. Salesforce.com, however, has a “visionary leader.”

“The company keeps putting up terrific numbers, they raised their full-year revenue forecasts, and they reported strength across all geographies while Hewlett-Packard is facing pockets of weakness all over the globe,” he added.

Cramer thinks Salesforce got hammered because the market didn’t know what to do with this $100 stock. The high frequency traders, he said, dumped out of it because they have an inordinate impact to the downside on high dollar amount stocks.

The bottom line—take this opportunity to buy some Salesforce.com using “deep-in-the-money call options perhaps to cut off your downside,” Cramer said.

To stay in H-P, he said, you have to hope that the company either does some housecleaning or the company is sold.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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