On CNBC's “Mad Money Lightning Round,” Jim Cramer said The ODP Corporation (NASDAQ:ODP) is an “interesting spec.”
“I'm not going to fight a six times earnings stock as long as it's making money,” he added. “I think you're ok.”
Supporting his view, ODP, on May 7, reported better-than-expected first-quarter financial results. The Boca Raton, Florida-based firm reported quarterly earnings of $1.06 per share. It beat the analyst consensus estimate of 65 cents per share.
ODP reported quarterly sales of $1.7 billion — beating the analyst consensus estimate of $1.67 billion.
Cramer said he wants to own the stock of Palo Alto Networks, Inc. (NASDAQ:PANW).
Lending support to his choice, Palo Alto Networks, on May 20, posted better-than-expected earnings for its third quarter on Tuesday.
The company also raised its full-year 2025 guidance. The company now expects full-year revenue of $9.17 billion to $9.19 billion, up from prior guidance of $9.14 billion to $9.19 billion. The company now anticipates full-year adjusted earnings of $3.26 to $3.28 per share, up from prior guidance of $3.18 to $3.24 per share, per Benzinga Pro.
Price Action:
- ODP shares gained 0.8% to settle at $18.31 on Monday.
- Palo Alto shares rose 1.8% to close at $190.72.
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