One year after the large hack heard around the world for Sony, Jim Cramer sees most cybersecurity stocks struggling. But there is one best-of-breed cybersecurity play that has made a comeback, and Cramer has crowned it as the winner — Palo Alto Networks.
"I know a lot of people have been saying 'yeah, yeah, sure, sure' about Palo Alto because it is not yet profitable, but I think some very big free cash flow projections will ameliorate that concern," the "Mad Money" host said.
Palo Alto reported earnings on Tuesday, and confirmed a stunning 61 percent billings growth year over year, and a 71 percent increase in deferred revenue. Cramer interpreted those numbers as meaning that, down the road, the profits will be there for Palo Alto.
Why was Palo Alto able to deliver fantastic numbers, while other stocks in the group such as FireEye did not?