On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Arlo Technologies, Inc. (NYSE:ARLO) is “actually profitable” and is “not a bad idea.”
Arlo Technologies, on Aug. 6, reported better-than-expected second-quarter financial results and issued strong third-quarter sales guidance. Also, the company issued FY26 guidance above estimates.
Arlo Technologies reported quarterly earnings of 28 cents per share, which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $155.937 million, which beat the analyst consensus estimate of $148.750 million.
When asked about Bitmine Immersion Technologies, Inc. (NYSE:BMNR), Cramer recommended buying Bitcoin (CRYPTO: BTC) instead of going with derivatives.
Shares of Bitmine Immersion Technologies surged on Thursday, as major digital assets extended their upward momentum. President Donald Trump urged Congress to pass the Clarity Act and said the Commodity Futures Trading Commission Chair Michael Selig is working to bring Hyperliquid to the U.S.
