Vertiv (VRT)’s Chairman Has “Done A Magnificent Job,” Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer recently discussed.

Vertiv Holdings Co (NYSE:VRT) is one of Cramer’s top stocks in the data center space. He has repeatedly pointed out that the firm is a key player in the data center space due to its cooling technologies. Vertiv Holdings Co (NYSE:VRT) reported its third-quarter earnings earlier this week. The results saw the firm post $2.68 billion in revenue and $1.24 in earnings per share. Analysts, on the other hand, had penciled in $2.58 billion and $0.98. However, the shares dipped after the earnings report. Cramer was quite optimistic ahead of Vertiv Holdings Co (NYSE:VRT)’s earnings report as he expected it to deliver an “excellent number.” Commenting on the shares after the report, he was optimistic about the firm’s future prospects:

“A lot of people did think that everything that could happen was in the quarter. I think no. I think there’s more. Remember, it’s Dave Cote, he’s the chairman, he’s done a magnificent job. The stock has run.”

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Cramer discussed Vertiv Holdings Co (NYSE:VRT)’s chairman, Dave Cote, in detail in February. Here is what he said:

“Okay, look, Vertiv… You need to know that the chairman of Vertiv is Dave Cote. He was my former next-door neighbor. He’s a brilliant industrialist. The stock is down very big. It’s involved with data centers, indeed. It’s actually a data center play and I think the stock has come down enough that I think you should buy some. But… not all, and not all at once. This is a wild trader and if it’s a wild trader, you don’t need to stick your neck out.”

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