“With cybersecurity issues only expected to worsen, keep an eye on Palo Alto Networks (SYM: PANW),” we said on Sunday, June 23.
We added, “Not only is it still oversold, with a massive bearish gap to refill, but analysts believe it could run even higher. In fact, D.A. Davidson analysts now have a buy rating on the stock with a price target of $380 at the moment.”
By Monday, PANW opened at around $319. Today, it’s up to $335.50 and could soon refill its bearish gap, as hoped, around $370 a share.
The stock appears to still be running on the CDK Global attack.
Remember, CDK Global, a company that provides U.S. auto dealers with software for sales management, was shut down for the third day because of new attacks.
“The outage is disrupting roughly 15,000 car sellers that depend on CDK’s dealer management software to run their businesses, including vehicle sales. Some dealership employees have resorted to pen and paper to handle transactions, but said most deals had ground to a halt. CDK has not indicated when its systems will be back up and running, but suggested the outage could last several days,” says CBS News.
