As per Gartner, it is expected that the global market for security technology and services will surge from $61.8 billion last year to $67.2 billion this year. This market can potentially reach $86 billion by 2016 due to the rising demand from emerging markets and increasing threats from hackers. Moreover, the demand for security protection will rise due to the increasing number of web applications, social media, and more »
Investors and technology buffs are cheering the recent announcement that Cisco (NASDAQ: CSCO) had inked a merger deal with Columbia, Maryland-based cybersecurity firm Sourcefire (NASDAQ: FIRE). Despite its relatively modest $2.7 billion price tag, the deal promises to provide Cisco with a bevy of new security applications and could position the tech giant as the company to beat in the online security space. Although this move was not unexpected more »
The news that financial giants like Citi had been hit in a multi-year hacking scheme probably didn't surprise anyone. However, it shows that the United States needs to get serious about this threat. That should boost specialists like Radware (NASDAQ: RDWR) and Fortinet (NASDAQ: FTNT), but also military players like Lockheed Martin (NYSE: LMT).
The current round of companies hit by hacking includes Citi, Chase, Automated Data more »
Cisco Systems (NASDAQ: CSCO) is a market leader in the networking segment. The company specializes in IP based switching products and has global presence. With over 60% market share, the company has massive clout. Cisco is now trying to augment its position with organic growth as well as acquisitions and the company had been mulling purchase of various outfits including Sourcefire (NASDAQ: FIRE). Apart from acquisitions, Cisco also provides a more »
Cisco Systems (NASDAQ: CSCO) just announced plans to buy Sourcefire (NASDAQ: FIRE) for $2.7 billion. The move helps bulk the networking giant up in an area where it had started to fall behind. Are Radware (NASDAQ: RDWR) and Fortinet (NASDAQ: FTNT) the next targets?
All Cash, Bail
Cisco is paying $76 a share in cash for Sourcefire, an over 28% premium to where the shares traded before the deal more »
The network and communications industry has undergone a complete transformation to emerge as the one of the most evolving and innovation-driven industries. This change was brought about by unparalleled growth in high speed mobile internet, especially for wireless data and video.
With the launch of the mobile broadband technology, many new service areas were introduced with huge growth potential. They include IPTV, collaboration and cloud computing, video conferencing and mobile more »
Recently, Sourcefire (NASDAQ: FIRE) shot up almost 28% in a single day after the announcement that the company will be acquired. Cisco Systems (NASDAQ: CSCO) has offered around $76 per share to acquire Sourcefire, with the total transaction value coming to $2.7 billion. Is a $76 per share a fair price for Sourcefire? Is Cisco right in acquiring Sourcefire? Let’s find out.
One of the leaders in intelligent more »
The Food and Drug Administration (FDA) is concerned about hackers getting into medical devices. While hacking a pacemaker may be the stuff of fiction today, it could become reality before too long. The cyber war just got a lot more personal.
The big concern about hacking is somewhat nebulous, since most people don't deal directly with the problem. The FDA's concern about medical devices, however, quickly makes more »
The Untied States is looking to help allies fend off cyber attacks. That's a good thing for this country and a good thing for companies in the cyber defense space.
Not just a U.S. Issue
While attacks against domestic computers make the biggest headlines in this country, it's important to remember that the cyber war is a global issue. That fact isn't lost on the U more »
As society becomes increasingly tied to the cyber world, threats of cyber attacks and the importance of cyber security becomes all the more important. Today, everything vital to our lives takes place in some form online, a trend that is only expected to continue into the future.
Cyber attacks made national and global headlines last month. Government officials were quick to bring attention to the attacks, and for the first more »
People want to be safe. Whether protecting personal information, securing payment networks, or harboring private data, security is necessary. The same holds true for investments.
The raging global security phenomena and increasing political turmoil pose many threats to governments, institutions, companies, and people. Pondering our times can be frightening, especially when considering the expansion of web-based services. We ask ourselves “If a government agency was hacked, is my more »
China's government-backed hackers are reportedly back at it again after a brief period of keeping a low profile. Clearly, the cyber war is only just getting started. Three companies that look set for years of growth by protecting us from hackers are Radware (NASDAQ: RDWR), Sourcefire (NASDAQ: FIRE), and Fortinet (NASDAQ: FTNT)
A Renewed Effort
“Three months after hackers working for a cyberunit of China’s People’s Liberation more »
Recently, Infoblox (NYSE: BLOX) jumped as much as 15% after impressive third-quarter earnings results. Shareholders of Infoblox must be very happy as its share price has increased around 40% since the beginning of the year. Should investors buy Infoblox after its recent spike? Let’s find out.
Improving third-quarter results
In the third quarter, Infoblox generated around $58 million in revenue, 33.6% higher than last year. Most of its more »
The United States is pressing China to stop hacking U.S. computer systems. China denies it's doing anything. How long can we play this game before something really bad happens?
Pots and Kettles
The United States and Israel have been accused of using a computer virus known as Stuxnet to target Iran's nuclear capabilities. While the effort certainly didn't stop Iran, it is reported to have materially more »
Earnings and earning-related news is the number one catalyst for stock movement. A strong quarter can dictate the direction of a stock for the following three months as can a bad quarter; in the past I have written in detail about such subjects, a domino effect following a strong or bad quarter. In this piece I am looking at three stocks that traded with a considerable amount of volatility. Then more »
President Obama recently issued an executive order to boost cybersecurity in the United States. From all of the big cyber attacks that have made the news lately, it seems that this nation's lawmakers are well behind the curve on this issue. Obama was right to act and to request further moves from Congress. Interestingly, however, defense companies are already way out in front on this issue.
The more »
Data, data, and more data— mountains of data in ever-increasing amounts must be protected, preserved, and investigated. Guidance Software, Inc. (NASDAQ: GUID) happens to be the world’s leader in digital investigations, a multi-billion dollar market growing at 10% annually. Sony and TJ Maxx wish they had talked with Guidance before the breach, instead of after.
Occasionally, the market’s short termism’ provides an opportunity to start a new position more »
Sometimes an analyst issues a revised outlook or changes his/her rating, but does not inform investors of the reasons behind the call. These typically move stocks on the call alone; the price target and outlook. However, some analysts provide detailed reasons; these are the outlooks that should be noted and used as part of your fundamental research. Therefore, I am taking a look at such outlooks and determining the more »
Royce & Associates recently filed a 13G which discloses that it owns 3.8 million shares of Brady Corp (NYSE: BRC), up from 3.5 million shares roughly three months ago. The new position represents a little over 8% of the outstanding shares. Brady is a $1.8 billion market cap company which primarily provides identification and security software; it also operates direct marketing and precision die-cut products businesses. Royce, which more »
Technology is a common topic of discussion on Wall Street. As Apple has pushed to new all-time highs, becoming the largest company in the history of man, not taking into account inflation, Google has also made news driving higher. Facebook has plunged to new all-time lows as millions of shares were sold by insiders that bought into the company when MySpace was still the king of social. Zynga, Groupon more »
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