We're trimming an up-and-down cybersecurity stock that's rallying into earnings next week

Shortly after the opening bell, we will be selling 25 shares of Palo Alto Networks at roughly $315.50. Following the trade, Jim Cramer's Charitable Trust will own 275 shares of PANW, decreasing its weighting in the portfolio to 2.67% from 2.90%. We talked Wednesday on our Morning Meeting about how Palo Alto Networks may have a positive setup into earnings Monday night , according to Morgan Stanley.

The stock has climbed more than 17% since April 4 and is up about 5% over the past three sessions alone. And in early trading Thursday, it looks like it will tack on another percent and change after announcing a deal to buy the cloud security software assets from IBM alongside an expanded partnership between the two tech companies. Many analysts are positive on the move.

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This cyber stock is a Top Pick at Jefferies going into Q1 earningsThis cyber stock is a Top Pick at Jefferies going into Q1 earnings
Fuente: Investingcom - 🏆 450. / 53 Leer más »