Jim Cramer Breaks Down Why Palo Alto Is Making Acquisitions In a Volatile Market
Jim Cramer breaks down why now is the time for Palo Alto Networks (PNW) - Get Pinnacle West Capital Corporation Report to make acquisitions, despite the volatile market.
Cramer explained that, despite the market, Palo Alto Networks CEO, Nikesh Arora, is trying to go up against Cisco.
"Well, I think Nikesh [Arora] or the CEO is an inquisitive fellow and he's not looking at the market and he's just saying this is a good product to add to my suite. Well, the thing in order to go up against Cisco
(CSCO) - Get Cisco Systems, Inc. Report , you need [the CEO] to round up Cyberark
(CYBR) - Get CyberArk Software Ltd. Report and Proofpoint
(PFPT) - Get Proofpoint, Inc. Report and that's not what he's going for," she said. "We're going to have a very thorough analysis or throughout the day of Palo Alto. We had an emergency meeting obviously this morning and talk about it cause I was none too happy. But, I think it could clarify a lot of things."
Related. Jim Cramer: A Checklist for Investors in This Downer of a Market
More From Cramer Today
What Jim Cramer Is Watching When Uber Reports Earnings After the Bell
Jim Cramer: What PVH's Earnings Tell Investors About the Retail Sector
Jim Cramer Explains What Kraft Heinz Got Wrong About Millennials
Jim Cramer Tells Investors What to Do With Apple's 'Weak' Stock
