Palo Alto Networks' (PANW) solid results should send bears into hibernation mode, says Wedbush's Dan Ives. He talks about how PANW remains one of Wedbush's favorite tech names, as it climbs after 2Q earnings beat. He talks about how PANW raised its cash flow margin and operating profitability targets and its 2Q billings grew 26% year-over-year. He notes that 2Q remaining performance obligations grew 39% year-over-year, and PANW sees 3Q revenue of $1.695B - $1.72B versus an estimated $1.74B. Tom White then demonstrates an example trade using PANW. The trade type is a call vertical and the direction is bullish. Tune in to find out more about the stock market today.