The Market Is Wrong For Punishing Palo Alto Networks, Inc. (PANW), Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said SpaceX’s Starlink Internet Could Help President Trump. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Palo Alto Networks, Inc. (NASDAQ:PANW) is one of Cramer’s favorite cybersecurity stocks. The firm’s shares suffered a setback in July when they dropped by a hefty 15% after it announced that it would spend a whopping $25 billion to buy cybersecurity firm CyberArk. However, since the dip, Palo Alto Networks, Inc. (NASDAQ:PANW)’s shares have gained 12% as investors appear to be returning to the shares. In his earlier comments, Cramer has defended the acquisition, and he did so once again this time around as well:

“. . .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.”

Previously, Cramer revealed that he had bought Palo Alto Networks, Inc. (NASDAQ:PANW) for his trust:

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

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.