Jim Cramer: Investors Haven't Focused On Dycom, 'You Need Companies Like Dycom'

Dycom Industries, Inc. DY is a provider of engineering, construction, maintenance and installation services to telecommunications providers. The company's shares surged higher by more than 12 percent on Wednesday after the company reported a better-than-expected third-quarter print.

The stock's strong surge caught the attention of CNBC's Jim Cramer who made the company a focal point of his daily "The Mad Dash" segment. He noted that AT&T Inc. T is Dycom's largest customer and the read-through is that AT&T "is doing very well — maybe better than we think."

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Cramer also suggested that AT&T's acquisition of DIRECTV was a smart move and the evidence as such can be seen in Dycom's quarterly print. Meanwhile, companies like Google (Alphabet Inc GOOG GOOGL) continue to build out its infrastructure in the United States, which further demonstrates that "you need companies like Dycom."

Bottom line: Cramer stated that Dycom is a company investors haven't focused on — that is until Wednesday.

Posted In: Analyst ColorCNBCLong IdeasNewsJim CramerMoversTechMediaTrading IdeasCNBCDIRECTVDycom IndustriesJim CramerTelecommunication CompaniesThe Mad Dash
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