'Mad Money' Spotlight: Ciena

Hulu's nefarious mantra -- "an evil plot to destroy the world" -- should be a siren call to investors, so says Jim Cramer. And, indeed, the Internet video platform industry got a big boost after last Friday's "Mad Money" segment spotlighted a speculative play on Ciena(CIEN Quote), a web-video equipment developer.

Ciena rallied this morning to reach $10.39 at midday, up over 8 percent at 80 cents since Friday's close. It was one of the most actively traded small caps in pre-market action.

News spread last week that Hulu, an online web television consortium, was seen by 42 million in March according to comScore. Nielson Online disputed the count, saying only 8.9 million people visited during that period. Nonetheless, Cramer said the web video market is growing at a 15 percent clip per annum. A war between internet protocol providers like Verizon(VZ Quote) and AT&T(T Quote) -- as well as a 45 percent annual growth rate in IPTV -- will stand to benefit Ciena. ...