15 Stocks on Jim Cramer’s Radar

7. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 83

Cramer pointed out that Palo Alto Networks, Inc. (NASDAQ:PANW) stock tends to go down after it reports, regardless of how good the quarterly report is.

“Now the Charitable Trust also owns Palo Alto Networks, which reports Tuesday night. This stock has an odd habit of going down just no matter how good the quarter is, and they’re almost all good. So you might want to wait until after they report if you want to buy a cybersecurity company that is very high quality.”

Palo Alto (NASDAQ:PANW) provides cybersecurity services that include network defense, cloud protection, and virtual firewalls. The company offers tools designed to identify threats, stop attacks, and respond across various platforms and environments. It should be noted that on April 11, Cramer commented:

“Finally, they’re a little pricey but I want to own some cybersecurity companies and the trust owns two of them because they can’t really be tariffed and they have no natural enemies, including states that have sided against us in the trade war. For the cybersecurity firms, countries with state-sponsored hackers like China, they are an annuity stream. We have not one, but two for the trust, as I mentioned, Palo Alto, PANW, and CrowdStrike, CRWD. And I’ve got to tell you, either one is just terrific. Just terrific.”