We recently published 9 Stocks Jim Cramer Discussed As He Mentioned Trump & Intel’s CEO. Palo Alto Networks, Inc. is one of the stocks Jim Cramer recently discussed.
Palo Alto Networks, Inc. is a diversified cybersecurity company that provides network security management, cloud protection platforms, firewalls, and other security products and services. Its shares have lost 3% year-to-date, on the back of a 15% dip in late July, which occurred after the firm announced a massive $25 billion acquisition. The deal is for a cybersecurity company CyberArk Software, and investors were concerned whether it might cause a dilution in Palo Alto Networks, Inc.’s shares. In his earlier comments about the firm, Cramer mentioned that since the shares were trading below $210, it appeared to be a good time to buy. He’s a believer in Palo Alto Networks, Inc. despite the recent share price dips, as he simply remarked:
“Palo Alto by the way, I still like.”
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Here are Cramer’s earlier thoughts about Palo Alto Networks, Inc.:
“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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This article is originally published at Insider Monkey.
