Investors just received another reason to like Palo Alto Networks — the Club's favorite cybersecurity stock, which has been on fire.
As these threats intensify for businesses, more customers are seeking out products and services like those offered by Palo Alto.
"If the worst cybersecurity stock does well, what does it say about the best?
Buy Palo Alto Networks," he said.
Palo Alto Networks became the first cybersecurity stock to top a $100 billion market value late last year — a long-held goal by management.
Persons:
there's, Nikesh Arora, Jim Cramer, Wall, Wednesday's Homestretch, Jim, hasn't, Jim Cramer's
Organizations:
Palo Alto Networks, Palo, Palo Alto, CNBC, Microsoft, Wall Street, JPMorgan, Alto Networks
Locations:
Palo Alto's, Palo, Russian