Palo Alto Networks was plummeting Wednesday, one day after a complicated quarterly print and outlook.
"We are ready to buy" more shares of Palo Alto Networks, Jim said during the Morning Meeting .
The decline began after Palo Alto Networks on Tuesday evening reported a slight billings miss in its fiscal 2024 second quarter, which on the top and bottom lines beat the Street.
While Palo Alto Networks was experiencing a double-digit percentage loss on Wednesday, shares were still up more than 61% over the past 12 months.
In this photo illustration the logo from the cyber security company Palo Alto Networks seen displayed on a smartphone.
Persons:
Jim Cramer, Jim, Nikesh Arora, it's, Palo, Arora doesn't, I'm, Arora, Let's, Jim Cramer's, Rafael Henrique
Organizations:
Palo Alto Networks, The Club, Palo, CNBC, Getty
Locations:
Palo, billings