FireEye jumped 6 percent on Friday and has climbed more than 60 percent this year. The stock looks to be on a "breakout" and should continue higher, said trader Tim Seymour.
Trader Steve Grasso said that investors should stick with FireEye as more companies put an emphasis on cybersecurity. He noted that FireEye's recent deal with Visa to share threat information is promising for the company.
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Grasso added that he liked Palo Alto Networks stock. Shares closed nearly 3 percent higher Friday and have risen more than 40 percent this year.
Trader Dan Nathan added that investors should not overlook Cisco Systems, one of the more established names in the space. It has climbed nearly 3 percent this year, but falls well short of the huge rallies enjoyed by FireEye and Palo Alto.
Josh Brown is long AAPL, DE, DNKN, EBAY, FSLR, JMBA, SAM, SHAK, SPWR, TNET, TWTR, XLE and XON.
Tim Seymour is long AAPL, T, BAC, C, DIS, F, FEYE, GE, GM, GOOGL, INTC, KORS, SUNE and TLT. Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, TSL and YHOO. Today, he bought TLT.
Steve Grasso is long AAPL, BAC, DD, DECK, EVGN, MJNA, PFE, T, TWTR and GDX. His firm is DVN, APA, KSU, NE, NEM, OXY, RIG, TSE and VALE. His kids own EFG, EFA, EWJ, IJR and SPY.
Dan is long LNKD July call fly, LVS July Aug put spread, GOOGL June/July call spread, TWTR, BBRY June calls, SO, DE June put fly, INTC July put and SPY June put fly. He is short SO Aug calls. Today he sold to close TLT June call butterfly and GOOGL June call fly.