Global  

Jim Cramer: There Are Too Many Software as a Service Companies

Video Credit: The Street - Duration: 01:01s - Published
Jim Cramer: There Are Too Many Software as a Service Companies

Jim Cramer: There Are Too Many Software as a Service Companies

Jim Cramer has a warning for investors.

He believes that there needs to be consolidation in both the cybersecurity and Software as a Service (SaaS) sectors.

"Salesforce last quarter was very good.

By the way, the ServiceNow quarter wasn't bad...Splunk had a very good quarter.

Workday said some things that were negative, and that really accelerated the downturn.

I think that this group is one that trades together like in 2000, but it's much better.

And those had no earnings and many of them were corrupt.

These are all good companies.

You need to see Okta bottom.

You need to see CrowdStrike bottom, you need to see ZScaler bottom.

You need to see the cybersecurity stocks, in general, bottom.

There's too many of those.

There's too many software as a service companies.

You need to see a bit of a shakeout, maybe some mergers, and then you can get a bottom.

But in 2000, the bottom took a long time," said Jim Cramer.

Watch the full clip above.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


You Might Like


Tweets about this


Related videos from verified sources

Jim Cramer: Don't Always Listen to the Billionaires [Video]

Jim Cramer: Don't Always Listen to the Billionaires

In Jim Cramer's Real Money column this morning he wrote that investors shouldn't alway listen to the billionaires that are so bearish on the market and that there are still companies in the market..

Credit: The Street     Duration: 02:17Published
Jim Cramer: The Resilience In This Market Is 'Extraordinary' [Video]

Jim Cramer: The Resilience In This Market Is 'Extraordinary'

Jim Cramer has some thoughts on earnings season. "Well, I just think that the resilience of the market is extraordinary. Just a few weeks ago, we were worried about the trade deficit. We were worried..

Credit: The Street     Duration: 01:07Published
Jim Cramer's Thoughts on Earnings Season and AT&T's Earnings [Video]

Jim Cramer's Thoughts on Earnings Season and AT&T's Earnings

It's earnings season! Jim Cramer weighs in on AT&T's earnings and earnings season in general. Earnings Season Whew. Jim Cramer has some thoughts on an earnings season that's gone haywire. "In the..

Credit: The Street     Duration: 04:52Published