Jim Cramer's Stop Trading: Palo Alto Networks on Its Way to $100

NEW YORK (TheStreet) -- "We've got to focus on security," Jim Cramer said on CNBC's "Cramer's Stop Trading" segment. 

Cramer, the co-manager of the Action Alerts PLUS portfolio, says Palo Alto Networks (PANW) is "one step ahead" in the cyber security business. 

That's why he thinks the stock will hit $100 a share. It's currently close to $89, up over 54% for the year to date. Following the recent hacking at JPMorgan Chase (JPM) , it's hard to imagine why other banks haven't starting paying Palo Alto Networks to protect them before it's too late, Cramer said. 

Cramer likes Palo Alto Networks and CEO Mark McLaughlin. He's also a fan of NXP Semiconductors (NXPI) . 


-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

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