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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday November 17.

Bearish Calls:

Frontier Communications (FTR): "..it's down at $5, and at this point a dividend cut...is baked in. I'd wait until it jumps a little...to $7...and cut your losses."

Colfax (CFX): "...I think you've got a double...take your profits on half and play with the house's money. That stock has had a big run. Congratulations."

NII Holdings (NIHD): "I like Latin America...but I like telco if it has a high yield and that doesn't."

Akamai (AKAM): "...it had a monster move after last quarter...they didn't do as badly as people thought...but now, it has moved gigantically...take it off the table."

VirnetX Holding Corporation (VHC): "... exceptional growth company...it's moved too much. I am nervous about it. I think you should take profits in it...it has had a very big run."

There were no bullish calls on Thursday's Lightning Round.

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Source: Cramer's Lightning Round - Frontier's Dividend Cut Is Baked In (11/17/11)