Palo Alto Networks, Inc. (PANW)'s "Great Too," Says Jim Cramer

We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks Jim Cramer recently discussed.

Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW)’s shares have gained 5.4% year-to-date after significantly trimming their losses in late July and early August due to a 17% dip. The stock fell after Palo Alto Networks, Inc. (NASDAQ:PANW) announced that it would buy cybersecurity firm CyberArk for a $25 billion price tag. Cramer has defended the decision in his previous comments as he believes Palo Alto Networks, Inc. (NASDAQ:PANW) will be able to benefit from the business growth. This time, he recalled a discussion with the firm’s CEO:

“I went to Nikesh Arora from Palo Alto, and basically said, would you please slag George Kurtz, he goes, why would I do that? Thereby the grace of god, I said no cause I just want to have something better to say to David. . .

“But anyway I think that Palo Alto’s great too.”

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

“. . .by the way, just so you know, that you know Nikesh Arora identified that identity is incredibly important which is why they spent a fortune on CyberArk. But I think that’s gonna work out.”

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