News Formal

Jim Cramer says this surging cybersecurity is gaining market share and proving doubters wrong

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Palo Alto Networks is a compelling stock to own as it gains share in the increasingly important cybersecurity market, CNBC’s Jim Cramer said.

and strong guidance. It's further proof that the cybersecurity leader is a compelling stock to own, CNBC's Jim Cramer said Monday as shares surged roughly 15%.

"[CEO Nikesh Arora] snookered all those who felt, 'Well, this can't be true,'" Cramer said on"Squawk on the Street," referring to the belief held by some on Wall Street that Palo Alto's unusual decision to report earnings after the market closed on a summer Friday portended bad news. In the nervous run-up to the earnings release, Palo Alto's stock had fallen about 16% in August.

topping estimates and the company's multiyear guidance looking robust. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of Palo Alto Networks. On Monday, he praised Palo Alto Networks' ability to gain market share in the increasingly important cybersecurity industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market MondayStocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report.
Source: CNBC - 🏆 12. / 72 Read more »

Here are 14 stocks Jim Cramer is watching, including Amazon, Salesforce, Goldman SachsHere are some of the tickers on my radar for Monday, Aug. 21 taken directly from my reporter's notebook.
Source: CNBC - 🏆 12. / 72 Read more »

Palo Alto Networks CEO addresses Friday earnings experiment: 'Lesson learnt'After spooking Wall Street with its plans to report earnings after Friday's close, Palo Alto Networks' mysterious move turned out to be much ado about nothing.
Source: MarketWatch - 🏆 3. / 97 Read more »

Palo Alto Networks shares surge after earnings, Napco Security tumbles and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Source: MarketWatch - 🏆 3. / 97 Read more »

Palo Alto Networks shares surge after earnings, Tesla climbs and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Source: MarketWatch - 🏆 3. / 97 Read more »