Jim Cramer Notes Vertiv’s Strong Results

Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer put under the spotlight recently. Cramer said that the company reported a “shockingly great number,” as he commented:

“We saw the same thing with Vertiv… This is a stock that goes up 54% coming into the quarter. Terrific return. The company reported an amazing, a shockingly great number, but I don’t know a soul who follows this company who didn’t expect a monster quarter. When you expect a monster quarter and you get a monster quarter, it won’t be enough to move the stock.

So after Vertiv opened up 10 points, it then plummeted 20 points because their monster quarter wasn’t the kind of super duper monster quarter… Organic orders up 60%. That’s crazy good. I was expecting crazy good, though, which is why the stock still got… [stung] because we got crazy good… Once again, you need to know that nothing’s wrong with Vertiv except the fact that the stock was already up a lot coming into the session.”

Vertiv Holdings Co (NYSE:VRT) provides digital infrastructure technologies and lifecycle services for data centers, communication networks, and industrial systems.

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Disclosure: None. This article is originally published at Insider Monkey.