Jim Cramer on HubSpot: "It Pops Up on Our Screen as Very Cheap"

HubSpot, Inc. (NYSE:HUBS) is one of the software stocks that Jim Cramer named as potential undervalued buys. Cramer called the company controversial, as he said:

Third, there’s HubSpot. This is controversial. It’s a marketing, sales, and customer service software play with a stock that’s down 74% from its high, even worse than Atlassian. It’s considered to be a mini Salesforce. This company’s on track to put up 20% earnings growth this year, and its stock trades at 20 times this year’s numbers. Sure seems cheap to me.

That said, HubSpot reports next Wednesday, and given the way these stocks have been trading, I think maybe you wait for the quarter and then do some buying if it sells off on good numbers, which we’ve seen time and again over and over this earnings season. Keep in mind, HubSpot has not been one of my favorites, but it pops up on our screen as very cheap, and I can’t deny the screen identified it.

HubSpot, Inc. (NYSE:HUBS) provides a cloud-based platform that helps businesses manage marketing, sales, and customer service through automated tools and data analytics.

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