earlier today i got a chance to check in with mark mclaughlin, chairman and ceo of palo alto network. along with brent jones, three-time super bowl champion with the 49ers who is now a manager at northgate capital, which was an early investor in palo alto. take a look. >> there's a great paper, flipping the attack which you guys sponsored where they talk about whether the bad guys make more money than the good guys and where the bad guys are interested in attacking. it seems like if all of your doors are locked in a car sees that you have a palo alto sign on it maybe they go to the guy that doesn't have it? >> you know, i think the palo alto sign certainly is significant in the marketplace, becoming more significant. it's interesting. just because of the cyclicality of the market i think we're seeing some of the companies that have gotten a lot of press, they're being exposed as just features. and one of the things that people realize is a team isn't a platform like palo alto has and the product extension, the lines that they've developed and continue to develop really has turned away

take palo alto networks, panw, which have long been considered best of breed in the group pf last year the stock went 40% higher but after peaking in early december palo alto's been plummeting, plummeting, plummeting. down roughly 25% in less than two months. even though the market has turned hostile, we need to remember this company has some of the best growth around. think longer term, people. so is palo alto worth buying at these levels? earlier today i got a chance to check in with mark mclaughlin, three-time super bowl champion with the 49ers who is now a manager at northgate capital, which was an early investor in palo alto. take a look. >> there's a great paper, flipping the attack which you guys sponsored where they talk about whether the bad guys make more money than the good guys and where the bad guys are interested in attacking. it seems like if all of your doors are locked in a car they'll go after another car. is the same thing if someone sees that you have a palo alto sign on it maybe they go to the guy that doesn't have it? >> you know, i think the palo alto sign certai

enter palo alto networks. the cybersecity rm serves nearly 3000 companies as the digitalominance grows, will palo al follow? coming up on "mad money's" "invest in america: countdown to kickoff." he here ithe ci, parking is hard to find. ses like everyondres. and those who do should switch to geico because yocoulsave hundreds on car innce. ah, perfect. valeparkg. here's the keys. d,h, go ea on my ride, mate. hm, uldn't minso of th beef wellington... to see howuch you cod save on car surance, goo geahous) ,, spy? that's fun. itlrry noait ti thiss great. it'sft.i t?au althe ren dry nt rajane coh if y can hear . don't en thinkbo it. took mucinex dm r my lecough. yeah...but wt out mike? orks on his cotoo. coh! works on his cough too. cix rels wed dr ughs f 1ur leenis on andsed to wchhe recarpet shotv i'm walkinghem. life iictable being flakfree isn. use i have used head and shoulders fo20 years. used regularly, it res up to 100% of flak eping you protected li flake free folife mattewhyou e a het atta can happe wit

as we head to san francisco again that's when jim cramer sits down with the ceo of palo it has alto networks. thank you, we'll call you. evening, film noir, smoke, atmosphere... bob... you're a young farmhand and e*trade is your cow. milk it. e*trade is all about seizing opportunity. >> welcome back. with the news alert following red stone stepping down from his role as chairman of viacom and the ceo taking on that chairman post. she is referring to the fact that yesterday she issued a statement saying that she was going to advocate against anyone what was a trustee in redstone's trust or intertwined with the company and with sumner redstones family to be appointed to the chairman role. what she was saying is she didn't want dauman to take on that role. he is a trustee and health care proxy. yesterday she came out against him becoming chairman of viacom. this morning he was appointed chairman of viacom and now she's going to fight that. looks like we're at the beginning of what could be a battle here over viacom's leadership on the heels of sumner redstone stepping down from the post. >> cer

sizable stocks down 9% or more this morning including workday sales force, palo alto networks, net sweep, workday, splunk, linkedin, tableau. so this isn't just a linkedin story. it seems like perhaps an speaker prize spending story. we heard a little bit about this from your more traditional players from intel. and now there seems to be even among these momentum names some of that same enterprise spending story between linkedin and tableau, hearing about existing customers spending less. still picking up new customers, but those existing customers aren't spending as much ander that's being conservative heading into this year because they have the currency headwinds. so this is an outsized move down it seems to me from the numbers that they reported. so the question is, is everybody else going to catch up to this negativity, is it anxious overall valuation reset or is it overdone on linkedin. >> when you look at the way in which capex is being reigned in, is it the canary? >> i think we're seeing a broader trend and around the unicorns, as well. you have a show me market. a lot of invest

and palo alto networks reporting earnings right before the close. it has resumed trading now and it's down a little bit, about 1%. ♪ mark: apple wants a judge to vacate in order that would force it to hack into the iphone of one of the san bernardino shooters. the fbi director said the case may set a precedent for smartphone access. government'she approach during testimony before the house intelligence committee. the white house says president obama will host congressional leaders tomorrow to discuss the supreme court vacancy. he will meet with senate majority leader mitch mcconnell, senator chuck grassley and they will be joined by senate minority leader patrick -- harry reid. said he brian sandoval told the white house today he doesn't want to be considered for the nomination. somalia's president said at least 180 soldiers were killed in the country last month in extremist attack by al qaeda affiliate. they declined to give an official death toll. major league baseball and the players union have agreed to end the practice, hoping to avoid a repeat

. >> also for telecommunications we have had palo alto networks on and said over and over again it is the finest cyber security company. they wouldn't do business with someone they couldn't trust. what do you do for palo alto? >> there is wireless. work for the providers. currently, we see lots of opportunity in so-called software defined networks. the carriers and the entire industry is migrating from traditional legacy type of set-up to optimizing the costs and minimizing the transactional cost. >> i want to circle back again. i know credit suisse is a customer. a lot of people feel banks have to cut back. isn't your part of what the banks spend, the part they really either can't or aren't allowed to cut off? >> we have an important part of change the bank. today, what most banks are doing, they rationalize the i.t. set up minimizing the systems they have to support. related to reporting, you know, to comply withal all of the standards. and number three is the whole digital notion. all of that's a deep pockets. price is not an exception. they have undertaken this transformational ef

. >> hey, my question is for -- >> the only one in ease we're recommended is palo alto networks and that's not just buy rich. this is not the kind of environment thwhere they can just -- darren in texas. >> hey. boo-yah to you, jim. >> what's up? >> not much. curious about kite pharmaceuticals. >> all the immuno therapy stocks are very, very risky. it is not been the place where you can, you see them down all the time, it's hard to go down to what i regard is the overtransed biotech stocks. trey. >> doing good. >> i'm all right. i was checking on -- abx. >> they ran the bell the other day i said i know it's up short-term, but longer term trgs been a real disaster. the one i like is rangold. let's go to steven in florida. steven. >> boo-yah, jim. >> all right. >> i was -- tooth mark corporation. >> interesting. a small bank that people have not asked me about. you know what is this i got, you mean, yields for, i got to find out what the value is. let's go to sam in florida. sam. >> boo-yah, mr. cramer. >> boo-yah. chico's. >> when we think of overstore, we think of chico's. i happened to be

while the social, mobile and cloud stocks, few have more going for them than palo alto networks. the collapse made it cheaper than sales force.com. that's unusual. but the group had outperformed for so long the stock is at more than 70% from two years ago. a lot of stocks are cutting through low. it is the best soup to nuts security offering out there. i'm confident there is no pause in spending for this board level issue. mark mclaughlin didn't give us a reason to think otherwise. it is one of the wear where she stops nobody knows situations. today alone, palo alto has what i regard ises as a reasonable market cap versus total adjustable market. does anybody care now? as absurd as it is, sales force can be taken over. i have no idea how tole value fitbit as witnessed by the fact became public. i said to ring the register in the high 40s and p pnded the table in the 20 ths. that was wrong. now it's at 14 today. got it wrong. i think fitbit's ceo is doing a markablele job transforming it into a health and wellness company that sales devices which should give it a decrept price. in

. >> apple, facebook, google, palo alto networks. they're all expanding. so we have this increase of jobs available and in a way a decrease of homes available. because the inventory is so low. >> reporter: and how did san jose get to the point where only one out of every five 500 homes is unoccupied? >> it's tech. it's all about tech. tech is driving this. >> reporter: tech jobs way outpacing the number of homes built here. and with people from all over the world coming to fill those jobs, the houser market is super tight and not likely to loosen up anytime soon. big local companies are still growing and hiring. >> 250,000 new jobs in two years. that's like adding two cities the size of santa clara to our region. that's what's going on here and tech is driving it. >> reporter: making it a seller's market. and buyer beware. if you want a place to live here, you'll have to move fast. and a whole bay area is hot. san francisco's vacancy rate of 0.3% is almost what we have down here in the south bay. and that means very high prices. reporting live in san jose,

you my gu abt palo alto networks it went down 7toy and ughly 20% the lastew i ca mbrer ask-to- r whato do and sai cand no reon ft so my , tee whetr i should hol buy, it, or should i jush? okay, tha for calli yougurui hope i live upto tha there wano doubt t is one of tse kind notes that said palo al't doing g i didn't know thresear firm. wepoke with e ceo when we re isan fransc the coany is doi well t the ma the rk doesn't like rtain hiwth stoc and tha one thatt esn't, either. wherwould you buy it? think you sahe right g, maye have to wait. i think the quarter ll be od, but you knowhat? rit now od quarters aren't enou to move gstuck. allian daytory i't completely over, it's noperfecbuit still sndli engh down. the declinand the fall may ve finally gotten overdone. much more "mad mond. is it trash day already? waste manament has been cleaning up the town for decades.what's i wh's istore for the company's future i' talwith the ceo. >>> apple is front and center on my stock screen, but maybe not for the asons u think. don't miss my take. a storis cing,our call rapid fire, tonight's edion of

palo alto network, the same online security of be forecast at 8%.ppointing numbers from monster average, the editing people down 2%. back to gdp gross domestic product revised to show 1% annualized rate for the economy. that is not good enough. liz: we have fallen through the looking glass when they say it is better than expected. this should not be the normal. the u.s. economy teetering on the brink of recession. according to water cooler talk on wall street. stuart: what is the white house going to say? is a spin everything positive as the economy has grown 1%. i am waiting for the statement. liz: how will be candidates respond? stuart: hillary, what are you going to do? >> we have disfunction when all of a sudden lying on the central bank supervised growth when fiscal policy is going to drive it for the future and that is it. central banks have no more and no. they have done everything they could. quantitative easing. stuart: democrats are going into this election with a declining economy and polity of tax-and-spend. >> beating about president's

and palo alto networks.rategy for me so far year to date, i think this year you have to treat everything as guilty until proven innocent. i don't expect that you're going to get anything more than flat so you have to be very tactical and you have to do what mark cuban said last week. you have to look at where everyone is and where they're bog to be. >> trying to play some momentum. >> not so much the momentum but, you know, just if you have that -- everyone philosophizes where the market is going to be. where are we now? what's the break down going to be. you have to decide what is going to drive the dynamic over the next 3 to 6 weeks. >> it took some profits unfold which was just put on yesterday and it made a very nice pop for me. the options on fire here and stayed with half of it though because we can i don't have to sell the entire position. you can just carry a maximum of five so i sold about half the position. i have a substantial position in real dollars in this name as well and i want to take profit

you are my guru about palo alto networks. it went down 7% today and roughly 20% the last few weeks. i called my broker ask-to-ask her what to do and she said she can find no reason for it so you, my guru, tell me whether i should hold, buy, wait, or should i just watch? >> okay, thank you for calling me your guru, i hope i live up to that. there was no doubt today it was one of these kind of notes that said palo alto isn't doing good, i didn't know the research firm. we spoke with the ceo when we were in san francisco. the company is doing well but the market doesn't like certain high growth stocks and that's one that it doesn't, either. where would you buy it? i think you said the right thing, maybe we have to wait. i think the quarter will be good, but you know what? right now good quarters aren't enough to move good stuck. alliance day's story isn't completely over, it's not perfect but it still sounds like enough. be patient and buy it on the way down. the decline and the fall may have finally gotten overdone. much more "mad money" ahead. is it trash day already? waste managemen

palo alto networks topping estimates. that's at the best part of 5%. and intuit swung to a profit, helped by demand for its tax prep software. that's up a nice 3.3%. still to come here on "worldwide exchange," henry paulson is call can go on china to let companies fail. we'll hear from the former treasury secretary on the sidelines of the g-20 meet income shanghai next. >> first, we want to hear from you. our twitter and facebook question this morning, markets are in positive territory for the week, but why do you think it is they have recovered? is it oil? is it consumer strength? or is it because we're ignoring china? or perhaps is there a sliver of faith in the g-20? tell us on twitter. @cnbcwex. we'll be right back. you get use to pet odors in your car. you think it smells fine, but your passengers smell this. {ding} eliminate odors you've gone nose blind too, for up to 30 days with the febreze car vent clip. wow, it smells good in here. so you and your passengers can breathe happy. in new york state, we believe tomorrow starts today. all across th