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Palo Alto Networks (PANW) has surprised skeptics with its strong quarterly results and guidance, leading CNBC’s Jim Cramer to proclaim the cybersecurity leader as a compelling stock to own. Shares surged approximately 15% following the announcement.

Despite concerns among some on Wall Street that Palo Alto’s decision to report earnings after market close on a Friday may signify bad news, the cybersecurity provider delivered an outstanding quarter. Its fiscal fourth-quarter earnings per share beat estimates, and the company’s multiyear guidance showcased its robust outlook.

Cramer commended Palo Alto Networks’ ability to gain market share in the rapidly growing cybersecurity industry and highlighted that his Charitable Trust, the portfolio used by the CNBC Investing Club, holds shares in the company.

The significant jump in Palo Alto’s stock on Monday can be attributed, in part, to short-sellers covering their positions. Cramer facetiously stated that those who were shorting the stock are now “sending an invitation to their funeral.”

Wall Street analysts have responded positively to Palo Alto’s performance, resulting in fourteen price-target increases. Cramer deemed the conference call, although lengthy, one of the most impressive he has ever participated in.

Overall, Palo Alto Networks’ strong quarterly results and positive guidance have reinforced its position as a leading player in the cybersecurity industry, appealing to investors and analysts alike.

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