Apple's partnership with Cisco Systems boosts an enterprise computing business that can fuel more upside for the iPhone maker's stock moving forward, CNBC "Fast Money" trader Pete Najarian said Monday.
"I think that could be a monstrous area," he said.
The companies on Monday announced a partnership, which aims to boost the performance of Apple iPad and iPhone devices on Cisco's corporate network. Apple has looked to expand its enterprise offerings to lift sagging iPad sales.
Najarian—who owns Apple—remains "bullish" on the stock even though it has lost more than 13 percent in the last three months. He noted that the tech giant's upcoming Sept. 9 product event could provide a catalyst.
Apple shares closed 0.5 percent lower Monday at $112.71. Shareholders can stay in the stock with $103.50 as a stop, added trader Guy Adami.
Shares of social media network Twitter popped 3.6 percent on Monday after SunTrust Robinson Humphrey upgraded it to "buy" from "neutral." Analyst Bob Peck cited its valuation as well as possible catalysts for ad sales.
The stock has tumbled more than 22 percent this year. Trader Tim Seymour, who bought Twitter on Friday, called it a "unique platform" that holds upside as it continues to figure out how to generate revenue.
Tim Seymour is long AAPL, T, BAC, DIS, F, GE, GM, GOOGL, INTC, JPM, TWTR, Tim's firm is long BABA, BIDU, MCD, NKE, NOK, SBUX, YHOO.
Long AMAT, AAPL, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAL, ABX, ALK, BBY, BEE, BHP, CRM, CSX, DAL, ETFC, HIG, HIMX, LM, MRO, SLB, VLO, VZ, WLL, XLF, ZIOP, he is long puts AUY, FCX. Today he bought HIMX calls, MRO calls, SLB calls, and WLL calls.
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.