Another earnings report, another sell-off in extended trading for Palo Alto Networks .
Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense.
We believe Palo Alto Networks, in particular, is uniquely positioned to win due to its best-in-class tools and broad product portfolio that allows it to provide an all-encompassing "platform" solution to cybersecurity.
This transaction was the largest in the history of Palo Alto Networks at nearly $150 million" of total contract value.
Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
Persons:
—, Nikesh, billings, we'd, Arora, I'm, Jim Cramer's, Jim Cramer, Jim, David Paul Morris
Organizations:
Palo Alto Networks, Revenue, LSEG, billings, Palo Alto, Alto Networks, Cisco Systems, Billings, Palo, Healthcare, CNBC, Bloomberg, Getty
Locations:
Palo, billings, Palo Alto, Santa Clara , California, U.S