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Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks discussed by Jim Cramer
Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW) is one of Jim Cramer’s favorite stocks. For more than a year, the CNBC TV host has remained upbeat about the cybersecurity industry. He believes that the growth in data usage stemming from AI and the broader threat landscape to the United States creates new opportunities for firms operating in the sector.
Wedbush discussed Palo Alto Networks, Inc. (NASDAQ:PANW) on June 3rd as it raised the share price target to $340 from $300 and kept an Outperform rating on the stock. Webush’s coverage came after the firm had reported its fiscal third-quarter earnings. The results saw Palo Alto Networks, Inc. (NASDAQ:PANW) ‘s revenue of $3 billion and earnings per share of $0.85 beat analyst estimates of $2.94 billion and $0.80.