Jim Cramer picks PANW as his top cybersecurity stock

CNBC’s Jim Cramer on Thursday named Palo Alto Networks (PANW) his top cybersecurity stock pick after the company became the first in its group to reach a $100 billion market cap.

Cramer also prefers Palo Alto over peers like Fortinet (FTNT). That’s because Palo Alto’s revenue channels are more diversified and less cyclical, allowing the firm to service larger clients at greater scale.

Noting some of Jim's recent calls, this could be a curse :). However, I do feel that cybersecurity is a booming space given the amount of cyber hacking we see everywhere and it is now weaponised between nations.

PANW is up 114% YTD.

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