New Relic: Cramer's Top Takeaways
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For an "Executive Decision" segment, Cramer again welcomed Lew Cirne, CEO of New Relic Inc. (NEWR) - Get Report , to the show for an update. Shares of New Relic have been on fire in 2017, up over 75%.
Cirne explained that New Relic makes the tools that professionals use to keep their web properties up and running, because downtime in today's world can cause irreparable damage to a company's brand. For companies like Jet.com, now part of Walmart (WMT) - Get Report , as well as Major League Baseball, New Relic offers real-time insights into exactly what's going on within a network, what customers are doing and what their experience looks like.
Cirne said that while New Relic competes against companies like Cisco Systems (CSCO) - Get Report , only New Relic is 100% cloud based and that's where more and more companies are headed with their IT infrastructure.
Cramer said that New Relic's stock has been a rocket because their business has been a rocket.
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Cramer and the AAP team are adding to their position in Nucor Corp. (NUE) - Get Report . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had a position in NUE.
