Cramer Says to Buy CyberArk Software, FireEye and Palo Alto Networks

NEW YORK (TheStreet) -- CyberArk Software (CYBR) stock is rallying on the company's earnings report, and that means shares of FireEye (FEYE) and Palo Alto Networks (PANW) are likely to go higher, too, said TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS portfolio.

"I'm giving you the blessing to buy" all three of these stocks based on CyberArk's results, Cramer said on CNBC's "Stop Trading" segment.

CyberArk Shares are up more than 10% Friday morning after the company beat analysts' estimates for earnings and revenue. Revenue surged 89% year over year. The company's guidance for the current quarter and all of 2015 were strong as well.

CyberArk joins other technology stocks Tableau Software (DATA) and AOL (AOL) in rallying on earnings reports.

CYBR Chart

CyberArk Software CYBR data by YCharts

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

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