But while Palo Alto's share price may be seesawing, the company's underlying business fundamentals and its future growth prospects remain intact. Shares of Palo Alto were up more than 1.4% in afternoon trading Friday, at roughly $230.70 apiece. Palo Alto "is winning business from everybody, and it was one of the most impressive, albeit long, conference calls that I've ever been on." UBS lifted its price target on Palo Alto stock to $260 a share, from $220, while maintaining a neutral rating. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

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Persons: Palo, CNBC Jim Cramer, Fortinet, Jim, Roger Boyd, Jim Cramer's, Jim Cramer, David Paul Morris Organizations: Palo Alto Networks, Palo, CNBC, Palo Alto, Sales, ISI, Bank of America, Deutsche Bank, RBC Capital Markets, UBS, RBC, Alto Networks, Bloomberg, Getty Locations: Palo Alto, Palo, Santa Clara , California, U.S