Jim Cramer Says Vertiv Has Been a "Phenomenal Winner Over the Past Few Years"

Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer shared his views on. Cramer mentioned the company and praised its earnings during the episode, as he said:

“This morning, we got some excellent results from Vertiv Holdings. That’s the maker of specialized power and cooling equipment for the data center, which has been a phenomenal winner over the past few years. The company reported numbers that came in well ahead of expectations in nearly every line. Sales up 35% year over year, 12% earnings beat off an 83-cent basis. Even better, Vertiv issued a strong outlook for the current quarter and raised its full-year forecast. It has very strong backlog, too.

However, after being up nearly $11 at one point today, that’s like 8% in early trading, the stock gave back essentially all those gains throughout the course of today’s trading session. But like I said, at the top of the show, what mattered is the Fed, and that somehow interfered even with this great company. I’m not too worried because this feels like a normal profit-taking day in a stock that, at its highs, was up 186% from its post-Liberation Day lows.”

Vertiv (NYSE:VRT) provides critical infrastructure solutions for data centers and industrial environments, including power, thermal, and IT management systems.

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