Jim Cramer on Palo Alto: “The Stock is Finally Down Ahead of the Quarter”

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks on Jim Cramer’s radar. A caller asked if Cramer sees the stock as a long-term holding, and he replied:

“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.”

Jim Cramer on Palo Alto: "The Stock is Finally Down Ahead of the Quarter"

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Palo Alto Networks, Inc. (NASDAQ:PANW) delivers cybersecurity solutions, including network, cloud, and security operations for threat prevention, detection, and automated response. The company provides virtual firewalls, threat intelligence, and professional services. When a caller inquired about the stock during the August 5 episode, Cramer replied:

“Palo Alto is a buy here. We were going to buy some for the Charitable Trust. I can’t emphasize enough. This stock is now down from 210, I think you got a real good idea.”

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