On CNBC's “Mad Money Lightning Round,” Jim Cramer said BlackBerry Limited (NYSE:BB) is “good.”
BlackBerry, on May 20, achieved a major cloud security milestone with its latest FedRAMP re-certification. BlackBerry completed its 2026 Class D (High) recertification under the Federal Risk and Authorization Management Program. The company said it is the only Critical Event Management provider to achieve this standard.
When asked about Applied Optoelectronics (NASDAQ:AAOI), he said, “If you're going to go that way, you need to go to Corning (NYSE:GLW).”
As per the recent news, Applied Optoelectronics, on May 14, announced it entered into an equity distribution to sell up to $600 million in common stock.
Cramer said no to Transocean Ltd. (NYSE:RIG). However, he likes EQT (NYSE:EQT) “very much” and “natural gas in the Devon (NYSE:DVN) story makes me very excited.”
On the earnings front, Transocean reported a first-quarter 2026 adjusted loss of 3 cents per share, missing Wall Street consensus estimates of 7 cents to 8 cents per share. It also narrowed its FY2026 sales guidance below estimates.
When asked about construction service Primoris Services Corporation (NYSE:PRIM), Cramer noted two recent factors.
“So this thing was hit because an executive resigned who was loved,” he said. There's also been insider buying versus an executive resignation, he added. “We can't make a decision until we find out which of those is right.”
On June 8, Primoris Services announced that Tim Healy, President, ARB Industrial, Inc., a Primoris company, has been named interim president of renewables. Healy succeeds Anthony Vorderbruggen, who departed the company.
Price Action
- Transocean shares gained 2.4% to settle at $6.01 on Wednesday.
- Primoris Services shares dipped 9.6% to close at $93.88.
- Applied Optoelectronics shares gained 7.5% to close at $175.13 on Wednesday.
- BlackBerry shares fell 0.2% to $8.82 on Wednesday.
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