Cybersecurity 'still number one on the agenda in boardrooms,' Cramer says as Palo Alto reports

Shares of Club name Palo Alto Networks (PANW) have plummeted by nearly 17% since the start of the month amid a broader sell-off in the cybersecurity industry.

But we still expect the cyber leader to outperform peers when it reports quarterly results Friday, as it continues to benefit from platform consolidation and diverse revenue streams. Palo Alto Networks is set to release earnings for its fiscal fourth quarter on Friday after the closing bell. Analysts expect the cyber firm to deliver revenue of $1.96 billion for the three months ended July 31, compared with $1.6 billion for the same period a year prior, according to Refinitiv.

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. have plummeted by nearly 17% since the start of the month amid a broader sell-off in the cybersecurity industry. But we still expect the cyber leader to outperform peers when it reports quarterly results Friday, as it continues to benefit from platform consolidation and diverse revenue streams.

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