Palo Alto Networks (PANW) Climbs After 2Q Earnings Beat

Palo Alto Networks (PANW) climbs after 2Q earnings beat. Alex Coffey and Jenny Horne discuss PANW as its revenue came in at $1.66B versus an estimated $1.65B. They talk about how billings are up 26% year-over-year, and PANW raised its cash flow margin and operating profitability targets. They then go over how JPMorgan, Barclays, and Keybanc all have an overweight rating on PANW. Finally, Alex demonstrates an example trade using PANW. The trade type is buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.