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Palo Alto Networks (PANW) stock has risen over 14% since the Aug. 14 release of its fiscal Q4 earnings. But it could still have further to go, as analysts have raised their targets. Moreover, shorting out-of-the-money puts works is a good play here.
PANW stock is at $201.31 in midday trading on Tuesday, Sept. 16. That is up 14.2% from $176.17 when it released earnings for the FY ending July 31.