Jim Cramer on Palo Alto: “I Think There’s Plenty of Business for These Guys”

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer discussed the stock in light of “sophisticated equipment” used by hackers from China, as he remarked:

“Next up, we hear… [from] Palo Alto Networks. Now, that’s a cybersecurity company run by Nikesh Arora. And given the endless hacks lately from the Chinese using really sophisticated equipment, I think there’s plenty of business for these guys.”

Stock market data. Photo by Alesia Kozik on Pexels

Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity platforms that include network protection, cloud security, AI-driven security operations, attack surface management, and subscription-based threat prevention. During the November 6 episode, a caller showed an inclination toward buying the stock, and Cramer replied:

“Look, I think it’s good. I’m certainly not going to fight that. The stock is not that down from its high versus a lot of others. But I think that the, let’s say, the secular bull case for cybersecurity has never been better. And I love Nikesh’s acquisition of CyberArk. That is just sensational.”

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Disclosure: None. This article is originally published at Insider Monkey.