How many Sonos (SONO) speakers can you really have in your house? asks Jim Cramer from the floor of the NYSE.

Sonos, the smart speaker company, had its initial public offering on Nasdaq Thursday. The company closed the day up around 32%, to $19.91 a share, after opening at $15 a share.

But while Roku  (ROKU)  has been able to carve a profitable niche in the streaming media space, Sonos reminds Cramer more of Fitbit (FIT) , which has been a disaster of a stock.

Watch the video above for more insight.

For more on Sonos, click here:

More from Video

History With a Side of Fries? Inside McDonald's Storied Past

History With a Side of Fries? Inside McDonald's Storied Past

Rewind: Jim Cramer's Reveals His Concern About Earnings Season

Rewind: Jim Cramer's Reveals His Concern About Earnings Season

Market of the Week: E-mini S&P 500

Market of the Week: E-mini S&P 500

China's Landmark Day Headlines An Earnings Bonanza: What to Watch This Week

China's Landmark Day Headlines An Earnings Bonanza: What to Watch This Week

Tinley CEO Jeff Maser Breaks Down the Beverage Industry

Tinley CEO Jeff Maser Breaks Down the Beverage Industry