Although U.S. stocks ended flat on Friday, all three major averages posted an impressive gain of more than 7 percent for the week. The days-long rally makes finding bargains more difficult, Cramer said, but not impossible. He searched through the laggards to see if there is anything worth buying and happened to come across a tarnished, under-the-radar stock that could soon bring out a lot of value: Comverse Technology.

The New York City-based company provides software-based products and related services that offer prepaid, postpaid and converged billing and active customer management for wireless, wireline and cable network operators. It also offers a number of other technology products and services, too. Cramer thinks the company seems poised to break itself up, unlocking a ton of ton of value for shareholders. To him, the whole is worth less than the sum of its parts.

“When you speculate, there's nothing better than a tarnished, under-the-radar stock where management has the ability to bring out a ton of value just by breaking the darned thing up,” Cramer said. “That's Comverse in a nutshell, which is why I think this one's a smart speculative buy.”

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