Jim Cramer on Palo Alto Networks: “It Looks Real Good”

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks that Jim Cramer shared insight on. Cramer emphasized that the general public questions him about stocks like PANW rather than the possible removal of a Fed governor.

“He wants to know whether I still like Palo Alto Networks… Just bought some for the trust. It looks real good.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Palo Alto Networks, Inc. (NASDAQ:PANW) provides cybersecurity solutions targeting network security, cloud protection, and security operations. The company offers a range of services, including virtual firewalls, threat intelligence capabilities, and professional services designed for threat prevention, detection, and automated response. Earlier in August, when a caller asked if Cramer considers the stock a long-term holding, he stated:

“Yes, I do. I think that Nikesh Arora is being wildly misinterpreted by his… you know, he just bought CyberArk, which is a company that I’ve liked for like, I don’t know, since we started the show, no, maybe 15 years. And he bought it, and all these people are saying, oh, it must mean something’s wrong. Are you kidding? Hey, by the way, the stock is finally down ahead of the quarter, which I think is actually going to help us. We own it for the Charitable Trust.”

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