Jim Cramer on Palo Alto Networks’ Weak First Quarter Results

Jim Cramer questions the growth prospects of the cybersecurity space on the heels of Palo Alto Networks' disappointing first quarter earnings, released on Thursday.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer questions the growth prospects of the cybersecurity space on the heels of Palo Alto Networks' (PANW) - Get Report disappointing first quarter earnings, released on Thursday after the closing bell. 'Palo Alto talked about actual macro concerns and you don't want to hear that when you have a super high growth stock,' Cramer said. 'It made me feel that perhaps cybersecurity is not as much of a growth area as it was.' The company's stock fell almost 13 percent on Friday.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.