Jim Cramer Shed Light on These 10 Stocks

4. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 83

A caller expressed that they wish to invest in cyber security and asked Cramer what he thought about Palo Alto Networks, Inc.’s (NASDAQ:PANW) levels here. Here’s what Cramer said:

“Really interesting question. Nikesh Arora put up a really good quarter. The headlines were out immediately. Before they even could read the release, sellers came in. Had they read the release, they would’ve realized it is fine. I like Palo Alto very much. It’s a great way to get involved in cybersecurity.”

Palo Alto (NASDAQ:PANW) offers various cybersecurity solutions, such as network and cloud security, virtual firewalls, and tools for threat intelligence, prevention, and response across multiple platforms and services. Cramer gushed about the company and its CEO in early February when he stated:

“This one is Nikesh Arora. When he took over at Palo Alto Networks, PANW, a once powerful cybersecurity company that had fallen behind the others, people thought turning this business around was too big a task. At best, he’d just be a deal maker and a so-so one at that. I knew Nikesh is [a] brilliant competitive guy whom I wanted to bank with, which is why we bought the heck outta the stock… Now, Palo Alto had a $19 billion market capitalization when Nikesh took over on June 6th, 2018, it’s now worth $123 billion. He created $104 billion in value.”