On CNBC’s “ Mad Money Lightning Round ,” Jim Cramer said Arlo Technologies, Inc. (NYSE: ARLO ) is “actually profitable” and is “ not a bad idea.”
Arlo Technologies, on Aug. 6, reported better-than-expected second-quarter financial results and issued strong third-quarter sales guidance. Also, the company issued FY26 guidance above estimates.
Arlo Technologies reported quarterly earnings of 28 cents per share, which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $155.937 million, which beat the analyst consensus estimate of $148.750 million.
When asked about Bitmine Immersion Technologies, Inc. (NYSE: BMNR ), Cramer recommended buying Bitcoin (CRYPTO: BTC) instead of going with derivatives.
Shares of Bitmine Immersion Technologies surged on Thursday, as major digital assets extended their upward momentum. President Donald Trump urged Congress to pass the Clarity Act and said the Commodity Futures Trading Commission Chair Michael Selig is working to bring Hyperliquid to the U.S.
Trending Get a 1% Match on Your First Deposit of $1,000+“We don’t want Celsius (NASDAQ: CELH ) here, we have Coca-Cola (NYSE: KO ),” Cramer said, adding that Coca-Cola is the “winner."
On the earnings front, Celsius Holdings, on Aug. 6, reported mixed second-quarter financial results. Celsius said second-quarter revenue rose 10.6% to $817.9 million from $739.3 million, but missed the $870.027 million analyst estimate. Adjusted diluted earnings fell to 36 cents from 47 cents and missed the 42-cent estimate.
Price Action:
Arlo Technologies shares fell 3.9% to settle at $13.04 on Thursday. Bitmine Immersion Technologies shares gained 6.6% to close at $21.57 during the session. Celsius rose 0.9% to settle at $32.54 on Thursday.Photo via Shutterstock
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