Welcome to another edition of PowerTalk. I???m your host Chris Versace, editor of the investment newsletter PowerTrend Profits and portfolio manager of the Thematic Growth Portfolio at Fabian Wealth Strategies, and these are my one-on-one conversations with the movers and shakers in the business world that take you behind the scenes and in the know. Be sure to check out ChrisVersace.com for more on PowerTrends and past editions of PowerTalk, as well as FabianWealth.com for more on my Thematic Growth Portfolio.
During the last year, we???ve heard a lot of disturbing news about the growing pervasiveness of cyber attacks. While I???m sure you have heard of the incident at Target several months ago, I can assure you that was far from the only attack and that we can expect to hear much more about these kinds of attacks in the coming months and years.
It???s pain points like that one that make for a great business, and we???ve seen cybersecurity stocks like KEYW Holding, FireEye, Palto Alto Networks and others pop as a result of the expected jump in demand. Not all companies are created equally, and sometimes there can be a discrepancy between the image and the product or service.
As a recent National Security Service (NSS) report showed, that???s what we have when it comes to Cisco???s cybersecurity business. I won???t spoil the details, but it???s safe to say you will want to hear what Jason Brvenik, principal engineer of the Security Business Group at Cisco Systems, has to say about the growing threat of cyber attacks and what this NSS report turned up. It???s probably not what you were expecting.
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