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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 72%

Breaking News: Markets Noticias

Markets,Investment Strategy,Jim Cramer

The sale comes ahead of the cybersecurity company's fiscal third quarter results 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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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 »