One year after the large hack heard around the world for Sony, Jim Cramer sees most cybersecurity stocks struggling. But there is one best-of-breed cybersecurity play that has made a comeback, and Cramer has crowned it as the winner — Palo Alto Networks.
“I know a lot of people have been saying ‘yeah, yeah, sure, sure’ about Palo Alto because it is not yet profitable, but I think some very big free cash flow projections will ameliorate that concern,” the “Mad Money” host said.
Palo Alto reported earnings on Tuesday, and confirmed a stunning 61 percent billings growth year over year, and a 71 percent increase in deferred revenue. Cramer interpreted those numbers as meaning that, down the road, the profits will be there for Palo Alto. For the full article click here
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