Today, Jim Cramer - Mad Money commented about whether NAT-N, UBER-N, CRWD-Q, NAT-N, BOX-N, ACI-N, FROG-Q, BGS-N, UAL-Q, GE-N, TPR-N, LEN-N, CPB-N are stocks to buy or sell.
Has an excellent business model. Snowflake's huge IPO today came at the expense of selling off so many other tech stocks. Wait for things to cool down in this sector, because further IPOs may spark more tech selling.
IPO'd today. Likes it. It was priced at $44, opened at $71, pulled back to $51 and closed at $64.79. FROG is a cloud platform for development operations (dev ops) which means it allows engineers to collaborate between departments within a company. They bridge between the development and operation teams. FROG customers include Facebook, Spotify, Google, Netflix, Cisco, Oracle and Dell. It boasted 65% revenue growth in 2019 and 50% the first half of this year, based on recurring subscription revenue for its services. First half this year came within $500K to break even, so debt is lowering. He expects them to be profitable in 2021. Has a lot going for it, but its valuation is already at nosebleed levels. A great stock, but too high already.