Palo Alto Networks, Inc. (PANW) CEO Is A Great Example Of How To Convince Investors, Says Jim Cramer

We recently published 13 Latest Stocks on Jim Cramer’s Radar. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW) is one of Cramer’s favorite stocks in the sector. He is quite fond of the firm’s CEO, Nikesh Arora, and has called the firm a “cybersecurity kingpin.” While Palo Alto Networks, Inc. (NASDAQ:PANW)’s stock dipped by 15% in July after the firm announced a $25 billion deal to acquire CyberArk, Cramer defended the stock and maintained that the deal was a good move. This time, he cited Arora as an example of what Adobe and Salesforce could do to assuage jittery investors:

“And even if it brings down the sales, or put out projections [inaudible], this is something that Nikesh Arora on my show. Palo Alto Networks. He said look, this is going to take a while. We’re changing the way we do our business. And the stock got cratered. Now it’s well above where it was.”

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As for the CyberArk deal, here’s what Cramer previously commented:

“Let’s talk about Palo Alto Networks’ wild ride. This cybersecurity kingpin is a long-time holding for the Charitable Trust, and it has been a huge winner for the CNBC Investing Club. But late July, the stock got clobbered… about its $25 billion plan to acquire CyberArk, another heavy hitter that’s all about protecting so-called administrator accounts, the top target for hackers. Wall Street was worried that this deal was a colossal overpay meant to cover up some sort of slowdown in the core business. Uh-uh, that isn’t what we thought. We have always loved CyberArk, so I didn’t get… negativity. But when Palo Alto reported its most recent quarter in mid-August, well, the company shot the lights out. The stock jumped 9%. I think it can keep climbing…”

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