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Top Picks in Cybersecurity
10/19/2018 5:00 am EST
Cybersecurity is an industry with exceptional potential for expansion. No computer or network today is safe from hackers, cautions Jim Powell, editor of Global Changes & Opportunities Report.
Cyber attacks have gone from stealing money, to stealing industrial and military secrets, and disrupting both civilian and military infrastructure. Along the way, foreign agents have been tampering with the election results of countries throughout the world including the US.
The amount of damage being done by cyber attacks is so great that fighting it has become a multi-billion dollar industry that should expand significantly for many years. There is very little chance that anyone will devise a defense against cyber attacks that equally skilled hackers can’t learn to defeat. I urge investors to have at least one cyber security investment,
CACI International (CACI) remains my top cybersecurity recommendation. Unlike most companies in the young cyber security industry, CACI has been in the computer systems business since 1962 when people of my vintage could finally put away their slide rules.
Since then the company has firmly established itself with many government agencies and numerous private companies as their IT specialist.That relationship made CACI the vendors to call when cyber security started to become a problem.
I believe CACI International is better-positioned than any other company in its field to prosper in the cyber security industry over the long-term. Although the stock is already up significantly from our purchase price, I still recommend the stock.
Conservative investors should choose HACK that tracks both blue chip and smaller cyber security companies. Somewhat more aggressive investors should chose CIBR, that invests primarily in Nasdaq suppliers.
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