Blackberry has reported good earnings higher than what analysts expected, making an ideal candidate for a buyout by a larger technology company, said CNBC's Jim Cramer.  

The higher-than-expected earnings generated by Blackberry is a sign that it will be still be in operation for many years, Cramer said, expecting that larger firms such as Microsoft and Nokia could bid for the company.

The company's Z10 smartphone could also fuel to the positive sign seen in Blackberry despite the fact that the product is still not fully recognized.

Blackberry reports a 22 cents per share profit, which is a sharp decline from 80 cents a share in the year earlier. Nevertheless, the figures were far ahead of 29 cents a share quarterly loss on $2.85 billion in revenue expected by analysts, according to Thomson Reuters' consensus estimate.

In addition, Cramer noted that Blackberry was successful in fix the company's balance sheet same as what Hewlett Packard made on its own.