All about tech: 5 trades on cyber names

Fortinet's quarterly earnings beat bodes well for the wider network security industry, CNBC "Fast Money" trader Guy Adami said on Monday.

"To me, you're in the golden era of these companies. Rising tides lift all boats," he said.

Fortinet spiked 9 percent, above $37 per share, in extended trading Monday after the company posted better than expected first-quarter results. For trader Pete Najarian, Fortinet's quarter looked "across the board very impressive."

Read MoreAfter-hours buzz: IBM, Fortinet, Lam Research & more

Still, Adami believes Palo Alto Networks provides the most upside in the sector, while FireEye "might give you the most beta right now." Both stocks closed higher on Monday.

Traders also discussed how to trade some technology names outside the cybersecurity sphere.

Participants at a hacking conference.
Getty Images
Participants at a hacking conference.

Google

Search and technology giant Google reports its quarterly earnings on Thursday, and Adami believes it "sets up really interesting."

"I think this rallies into the release," he said.

Read MoreGoogle searches can now be downloaded

The company's Class C stock rose 2 percent, above $535 per share, on Monday.

Baidu

Trader Dan Nathan said he has "been looking for an entry" into U.S.-listed shares of Chinese Internet company Baidu. The stock closed 2 percent higher, around $211 per share.

Disclosures:

Pete Najarian

Pete Najarian is long AMAT, AAPL, BABA, BAC, BMY, BP, CSX, DISCA, FOXA, GE, KKR, KO, LLY, LOCO, MBLY, MRK, PEP and PFE. He is long calls AMGN, BK, DAL, EEM, F, FL, GE, GS, HZNP, KO, MAC, MYL, NEE, NTAP, OC, PBR, PFE, RAD, SYY, TEVA, TSX, UA, UAL, VZ, XLF, XOM and ZIOP.

Steve Grasso

Steve Grasso is long AAPL, BAC, BTU, EVGN, MJNA, PFE, T, TWTR and GDX. His firm is long IBM, AMZN, NE, OXY, VALE and RIG. His kids own EFG, EFA, EWJ, IJR and SPY.

Dan Nathan

Dan Nathan is long BBRY June call spread, IWM May put fly, LULU May puts, M May call spread, NKE call spread, QQQ May 108/ 98 put spread, SHAK, T, TWTR, WMT June call spread, XLP May put spread and XLY May puts. Today, he bought XLY May puts.

Guy Adami

Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.