Jim Cramer Says He Still Likes Palo Alto Networks, Inc. (PANW)

We recently published 9 Stocks Jim Cramer Discussed As He Mentioned Trump & Intel’s CEO. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a diversified cybersecurity company that provides network security management, cloud protection platforms, firewalls, and other security products and services. Its shares have lost 3% year-to-date, on the back of a 15% dip in late July, which occurred after the firm announced a massive $25 billion acquisition. The deal is for a cybersecurity company CyberArk Software, and investors were concerned whether it might cause a dilution in Palo Alto Networks, Inc. (NASDAQ:PANW)’s shares. In his earlier comments about the firm, Cramer mentioned that since the shares were trading below $210, it appeared to be a good time to buy. He’s a believer in Palo Alto Networks, Inc. (NASDAQ:PANW)  despite the recent share price dips, as he simply remarked:

“Palo Alto by the way, I still like.”

Here are Cramer’s earlier thoughts about Palo Alto Networks, Inc. (NASDAQ:PANW):

“Palo Alto is a buy here. We were going to buy some for the Charitable Trust. I can’t emphasize enough. This stock is now down from 210, I think you got a real good idea.”

While we acknowledge the potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.