NEW YORK (TheStreet) -- Shares of Twitter (TWTR) jumped 7.5% on Wednesday and are once again higher on Thursday, climbing roughly 2% in early trading. But according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, that's exactly what the stock should be doing. Shares later retreated.
On CNBC's "Cramer's Mad Dash" segment, Cramer, who's long the stock in his charitable trust, said CFO Anthony Noto told "an amazing story" at the company's Analyst Day, which drove the stock higher yesterday.
Must Read: Warren Buffett's Top 10 Dividend Stocks
He's the de facto CEO, Cramer said, adding that Noto needs to "stay front and center" for shareholders.
Investors need to look at the big picture. The company revealed that it is has 500 million users access its platform without logging in. Those users need to be monetized and the company acknowledged that, Cramer reasoned. That's how Twitter will reach its long-term goal of $14 billion in annual revenues.
"I feel very strongly," he added, "I like Twitter right here." Cramer quickly turned his attention to CyberArk Software (CYBR) .
The software-based security solutions company beat on third quarter EPS and revenue estimates, the latter soared 65% year-over-year. When coupled with its higher-than-expected guidance, shares jumped 21%.