Palo Alto Networks, Inc. (PANW) “Had A Mighty Nice Upside Surprise,” Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a stock Jim Cramer frequently discusses. Its shares are up by 6.6% year-to-date as they struggle to recover from a 15% drop in late July and early August. The shares fell due to an acquisition announcement as investors wondered whether Palo Alto Networks, Inc. (NASDAQ:PANW) could fund the $25 billion deal. However, Cramer has defended the acquisition as he believes that it could add to the firm’s business. Cramer is also quite bullish about cybersecurity due to the growth in digital networks stemming from AI and foreign threats against American entities. Here is what he said about Palo Alto Networks, Inc. (NASDAQ:PANW):

“Palo Alto Networks, they had a mighty nice upside surprise, that’s Nitesh Arora.”

Previously, the CNBC TV host discussed Palo Alto Networks, Inc. (NASDAQ:PANW)’s acquisition:

“. . .by the way, just so you know, that you know Nikesh Arora identified that identity is incredibly important which is why they spent a fortune on CyberArk. But I think that’s gonna work out.”

While we acknowledge the risk and potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PANW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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