We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.
Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW)’s shares have gained 5.4% year-to-date after significantly trimming their losses in late July and early August due to a 17% dip. The stock fell after Palo Alto Networks, Inc. (NASDAQ:PANW) announced that it would buy cybersecurity firm CyberArk for a $25 billion price tag. Cramer has defended the decision in his previous comments as he believes Palo Alto Networks, Inc. (NASDAQ:PANW) will be able to benefit from the business growth. This time, he recalled a discussion with the firm’s CEO:
“I went to Nikesh Arora from Palo Alto, and basically said, would you please slag George Kurtz, he goes, why would I do that? Thereby the grace of god, I said no cause I just want to have something better to say to David. . .
Copyright: daviles / 123RF Stock Photo
Here are Cramer’s previous thoughts about Palo Alto Networks, Inc. (NASDAQ:PANW):
“. . .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 potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
