Palo Alto Networks (PANW) Hits New 52-Week High
As seen on the 24/7 Wall St. homepage on September 30, 2026.
As seen on the 24/7 Wall St. homepage on September 30, 2026.
AMC Entertainment's 10.88% jump to $3.26 was the only double-digit move of the session, and the downside was where the size was: five names finished off more than 6%, led by Arm at -8.48%. Chip and consumer-tech leaders took the brunt of it.
Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.
Travel took the worst of Wednesday's close, with Expedia down 7.72% and Airbnb close behind at 7.56%. Software ran the other way: Palo Alto Networks led all gainers at 4.87%, with Palantir back near $192.
Zscaler finished Monday up 16.8% at $192.17 while Coherent shed 12.5%. Four of the top five gainers are cybersecurity names, and four of the five losers are chip and infrastructure plays.
Cramer is calling the selloff in the two largest pure-play cybersecurity names mechanical profit-taking rather than a break in the growth story, a read worth testing against Barclays' warning that the group has run out of room.
Crowdstrike and Palo Alto will come back.... huge wave of profit-taking
Next-generation security ARR jumped 63% to $9.10 billion, with nearly $1 billion of net new ARR added in the quarter alone, proof the platformization pitch is landing with CIOs. Management guided FY2027 revenue to $14.10 billion to $14.20 billion and backed a $20 billion NGS ARR target for FY30.
A 6% drop to $359 lands hours before Palo Alto Networks reports earnings today, so the risk is already repriced going in. Anyone holding through the numbers is doing so from a lower base.
Palo Alto Networks reports at 4:05 PM ET, and the $311 billion security bellwether sets the tone for the whole group. Billings and platform-consolidation commentary will move CrowdStrike, Fortinet and Okta before anyone else reports.
A 22.5% close for a company Salesforce's size almost never happens, and four of the five top gainers were cybersecurity names posting double-digit gains. The downside was tame by comparison: Expedia led decliners at just under 5%.
A 7% intraday jump adds roughly $20 billion of market value to a $314 billion cybersecurity name, the kind of single-session move mega caps rarely make. Keep an eye on whether it holds into the close.
A 7% intraday jump adds roughly $20 billion of market value to a $314 billion cybersecurity name, the kind of single-session move mega caps rarely make. Keep an eye on whether it holds into the close.