Cisco and Intel: Growth in cybersecurity
These leading tech stocks are playing an increasing leading role in fighting cybercrime.
By John Persinos, editor Personal Finance
Cisco Systems (CSCO) and Intel (INTC) are positioned to reap the spoils from this intensifying war against hacking. Each boasts a portfolio of cybersecurity products, strong balance sheets, diversified and reliable revenue streams, and strong earnings prospects.
The biggest beneficiary of the cybercrime wave is Cisco, the pioneer and undisputed leader in protecting both civilian and military organizations from hostile digital attack.
Cisco commands 45% of the global market for corporate security, making it the biggest player in the field.
The company's routers and switches are pervasive in corporations, schools and government agencies worldwide, giving it a ready-made customer base for security products.
Intel is another "go to" technology company for commercial and military leaders who are intent on bolstering their IT defenses. In late 2012, Intel announced a technology sharing partnership with four other US-based companies to devise computer security solutions.
Intel also owns computer and software security company McAfee, one of the biggest security technology companies in the world.
McAfee also offers smartphone security software, demand for which will explode as the smartphone market grows exponentially over the next decade.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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