stock is relatively cheap to its group selling for less than ten times sales whereas something like octa0 times is this worth buying if the rotation out of covid tech stocks continues tomorrow? let's take a closer look with the co-founder and ceo of sale point technologies holdings. he had a better sense of the quarter. welcome to "mad money". >> thank you, jim. pleasure to be here. >> mark, we've had ping on and we have octa and we've had cyber ark on so many times so our guests, our viewers are familiar with the group. sale point is different and i would love it in your first time on describe to people how different you really are. >> well, yeah, it's fairly straightforward in someways we're sort of the brains behind the glass if you will. a lot of technologies are involved with people logging into systems or getting authenticated. these days we use our phone for multifactor authentication but often times, the really hard problem is not can you log in but what can you do and are you supposed to be logging in on the first place? do you have appropriate rights this is a business to busin

i know i want to follow faang but it's octa that tells the tale as strange as that is but it is a $30on company and it is involving if you have to toggle between various spreadsheets and microsoft versus google if you want to -- if you have to toggle between which is like a younger person's job obviously, then you use octa which is the passport on to the web, it's a $24 billion company. keep an eye on it. it has led the market down and then it tends to affect zoom videos. >> it trades at 30 years' worth of revenues right now. >> yes. >> that's what it's being valued at. >> right. >> but obviously we expect those revenues are going to grow very, very quickly are you questioning at all its growth rate? >> todd mckinnon is fantastic and you need the product, it's a necessarily. i'm not questioning his growth rate, i'm questioning what we will pay for the growth rate this is a best in show company that has been a leader i know we want to say facebook is the leader and i'm interviewing sheryl sandberg today the coo but the one i keep an eye on is octa because it is the envy of everyone in

wouldn't it be something if you saw octa or ping in there? is that ping ping no, not ping anyway, so is this yet another temporary rotation that will flame out or are we coming out of the trough switching to recovery mode. many tried as we had a series of three-day rotations and went right back down and growth burst higher again after recharge. but sooner or later, we're going to turn the corner and these mov moves, they will stick it happens it always happens. for months we've been in pandemic mode, the stay at home stocks from zoom video to mccormick to the spice company to the cybersecurity plays, they have all been on fire and the big six, not talking about facebook, amazon, apple, netflix, google and microsoft. these are all companies that have to do better when you're stuck at home and stocks monopolized 20% of the market getting evaluations we haven't seen since the faded.com era there are plenty of signs that we're leaving the trough at least for the publicly traded companies stuck there. the recovery plays now this requires a real le

>> no, the whole group octa leads but there are so many companies in the identity business people are starting to freak out there is too much competition and ping is a very expensive stock. let's go to justin in michigan, justin >> caller: hey, jim cramer king of chill. >> yeah, i'm the chill man >> caller: i feel honored because you just answered my question on that last action alerts plus on thursday. >> oh, thank you good call. >> caller:nformative call. hour and a half call i do. thank you. >> caller: the stock i didn't get a chance to ask about is royal p pharma. >> i interviewed that pablo, that is what is known as a general company. the big sponsor and great pe firm i like that company very much. they do a lot of great biotech investing without a lot of risk. i like it. let's go to ryan in north carolina, ryan. >> caller: hi, jim, how are you? >> i'm good, how about you. >> caller: well, calling from north carolina but originally a south jersey suburb of philly boy. >> i got to tell you, i'm getting ready for fantasy for bull market fantasy. did a lot of work this weekend and a

it's ring central, it's z scaler, it's crowd strike, it's kupa here it's happening again, octa.s there anything that can stop octa, which is really a passport company. >> teladoc. >> teladoc. >> zoom today. >> salesforce.com. >> this is not what we want, carl we want -- we don't trade the small guys, right? we don't trade nicola's pizza from rehoboth that i believe senator, vice president -- whatever, biden has been to many times. we are really -- we are seeing pizza shops close in front of our eyes and it doesn't matter why? because -- i don't know, i happen to like domino's, it's fantastic on delivery, really fantastic, but i do think that when you get on the pedestal you don't have to touch anybody, it's great walmart, they do the curbside, it's great but, carl, how do you do curbside if you are a one-company shop how do you do it are you going to go out there and run it while someone is at the register you have to hire someone i mean, i don't think -- they've got to move fast we need ppp fast and we need oracle, of course, to buy tiktok. >> right. >> trying to do my best her

octa which specializes in workplace log-in software sa wimost of its employees work remotely on a permanentasis. 85% of them may do so up from 30% before the pandemic. >>> friday morning on wall street, off to a good start. stocks opening in positive territory this morning. joining us on the phone, kcbs radio's financial reporter jason brooks. good morning jason. >> reporter: happy friday len and some positive economic news helping out the market this morning. americans picked up their spending for the third straight month in july. although the pace is slowing down. commerce department reported a consumer spending rose a better than expected 1.9%. but that came after more than 6% gain in june. incomes nudged higher a surprise. as economists were expecting another decline following the drop the prior month. spending is expected to fall off even further though if congress doesn't extend extra unemployment benefits that helped boost spending after plummeting in march and april. the dow looking to wipe out the losses for 2020 while the dow up by 63 points at 28,555. nasdaq moving higher by 60 p