Jim Cramer: Unity Software 'Had Problems,' But Zscaler Is A 'Good One' To Buy

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Zinger Key Points

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Super Micro Computer, Inc. SMCI is " just too hard."

Supermicro announced a proposed offering of $1.5 billion of convertible senior notes due 2029.

Zscaler, Inc. ZS is a "good one" to buy, Cramer said.

Zscaler is expected to release second quarter fiscal year 2024 earnings after the closing bell on Feb. 29, 2024.

Cramer said we own The Walt Disney Company DIS for the charitable trust.

Disney reported better-than-expected earnings for its first quarter and declared a cash dividend of 45 cents per share. The movie studio also announced a new share repurchase program and said it expects fiscal 2024 earnings of roughly $4.60 per share. The company also disclosed, to the dismay of activist investor Nelson Peltz, a $1.5 billion investment in video game company Epic Games.

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The "Mad Money" host said he needs to do some work on Intuitive Machines, Inc. LUNR.

Intuitive Machines recently launched its Nova-C class lunar lander on SpaceX’s Falcon 9 rocket and announced that it was successfully en route to the Moon.

"This one I know has had problems," Cramer said when asked about Unity Software Inc. U. "I can’t recommend it until it’s making money."

The company plans to reduce its workforce by about 25%, or 1,800 employees, to streamline its business.

Cramer said Ford Motor Company F is "stalled."

Ford has reportedly significantly reduced the prices of its 2023 Mustang Mach-E in Canada, amid increased competition from Tesla Inc‘s Model Y and other electric SUV options.

Price Action:

  • Shares of Disney fell 1.6% to close at $107.67 on Wednesday.
  • Unity Software shares fell 3.7% to close at $30.83 on Wednesday.
  • Intuitive Machines shares fell 15.2% to settle at $9.32.
  • Zscaler shares fell 14.1% to settle at $213.92 on Wednesday.
  • Super Micro Computer shares fell 6.8% to close at $734.17.
  • Shares of Ford slipped 0.9% to settle at $12.14 on Wednesday.

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