Fast Money Traders Like McAfee (MFE)
Dave Dewalt, CEO of McAfee (NYSE: MFE), spoke on CNBC's Fast Money about challenges and opportunities in the cyber security sector. He said that cyber crime is growing and at risk are both the government sector and the private sector.
Joe Terranova said that he was hesitant to take a long position in McAfee (MFE) because of a free anti virus software that is available in the market. After talking to Dave Dewalt he is not so hesitant any more. Mr. Dewalt said that free anti virus software is not a problem for McAfee (MFE) because a very small market segment of users believe in that kind of technology. He added that his company had sixteen consecutive double digit growth quarters and he expects this trend to continue. He also pointed out that there are a lot of opportunities that could be exploited, not just on PCs but also iPad and other devices.
Tim Seymour said that McAfee (MFE) stock is cheap and it is pretty interesting. McAfee (MFE) gained 0.22% today and closed at $41.56.
