Cramer: Company Has 'Best Enterprise Software,' Down 9% In A Month, 'Could Still Go Down'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Confluent, Inc. CFLT is "such a good company, you’ve got to buy it in scale because it doesn’t, it’s not making any money yet… It’s some of the best enterprise software in the world." However, he added that the stock "could still go down."

When asked about Samsara Inc. IOT, he said, "It’s, again, enterprise software, and those stocks have fallen out of favor after being in favor [for] about four weeks. It is a little expensive, but it is very good enterprise software, what can I say."

Cramer said Coty Inc. COTY had a good quarter. "I’ve got to hand it to them, a lot of people wrote these guys off. They are coming back, so I’m not against it, I’m not against it at all," he added.

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When asked about Chewy, Inc. CHWY, he said, "People are buying all that stuff on Amazon, and that’s the problem."

Price Action: Shares of Chewy fell 0.1% to close at $18.14, while Coty lost 3.3% to $11.87 on Friday. Samsara shares fell 1.8% to settle at $23.13, while Confluent closed at $29.41 on Friday.

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