NEW YORK (TheStreet) -- Shares of Palo Alto Networks (PANW) - Get Palo Alto Networks, Inc. Report are up Monday after Piper Jaffray raised its price target to $150 from $130. In these times of security breaches, Palo Alto is the "gold standard" of cyber security, TheStreet's Jim Cramer said on CNBC's "Mad Dash" segment. 

The stock has done well this year, up nearly 120% for the year to date. Cramer said that while the run seems large, investors need to consider how much Palo Alto Networks' revenue can grow as security breaches become more common.

Think about all the banks, credit card companies and other corporations that have inefficient cyber protection and will need to upgrade, said Cramer, the co-manager of the Action Alerts PLUS portfolioFireEye (FEYE) - Get FireEye, Inc. Report , another cyber security firm, is "a very good company" but it isn't the "gold standard," Cramer said. 

Cyber security has become a boardroom discussion for many large companies, and that means expect higher revenue for Palo Alto. 

Palo Alto Networks PANW and Time Warner TWX data by YCharts

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Also Monday, Pacific Crest initiated coverage on Time Warner (TWX)  with an outperform rating. 

Cramer noted that in the spring the stock traded near $65 before shooting up toward $85 in the summer amid speculation Time Warner would accept a buyout offer from 21st Century Fox (FOXA) - Get Fox Corporation Class A Report . After the deal fell through Time Warner's stock dropped into the low $70s. 

Now the stock is back above $85 per share, Cramer said. Perhaps the buyout price, which seemed expensive at the time, really wasn't enough?

The company plans on earnings $6 per shares in 2016 and $8 per share in 2018. Time Warner has great media content, which boosts the company's value. The stock likely still has a little M&A premium in the share price, added segment co-host David Faber. 

-- Written by Bret Kenwell

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.