Jim Cramer -- Tableau Software Continues to Surge Higher

It would have been wise for IBM to acquire big-data powerhouse Tableau Software, which reported another strong earnings result after the bell Thursday, Cramer said.
By Bret Kenwell ,

Unlike shares of Men's Wearhouse (MW) , which is getting creamed on its earnings report, shares of Tableau Software (DATA) - Get Report are soaring after it reported results after the bell Thursday. The company beat estimates on top- and bottom-line earnings, sending the stock higher by more than 20% this morning. 

"This is one of my favorites," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. 

Revenues grew 63.5% year-over-year, and earnings of $0.14 per share doubled analysts' expectations for $0.07 per share. 


Tableau Software DATA data by YCharts

There is a clear demand for big-data companies, like Tableau Software and Salesforce (CRM) - Get Report , Cramer said. 

Specifically with Tableau, the company continues to do an excellent job both analyzing and helping companies track their own data. It would have been very wise of IBM (IBM) - Get Report to acquire Tableau, as it's the big-data piece that could help solve its growth problem. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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