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.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Tuesday Turnaround in Politics: Is a Trade War on the Horizon?

Many Chip Stocks Look Cheap Here, as Long as the Economy Holds Up

Many Chip Stocks Look Cheap Here, as Long as the Economy Holds Up

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense