Cisco: Two Disturbing Revelations

#Cisco Systems Inc. (NASDAQ:CSCO), as the leader in the cyber security space, has suffered two disturbing revelations regarding security flaws in their switching gear and firewalls in recent weeks which are damaging to their reputation. Having entered the early stages of a downturn in mid March 2017, these disclosures add weight to downward pressure on Cisco. They may also shed light on why the company has changed their business model, bringing attendant uncertainties as to future revenue. Still near its 15-year highs, Cisco presents an inviting short opportunity for traders at reduced risk. For context, the cybersecurity market is substantial and growing exponentially, driven by widely publicized breaches of high profile targets over past years. Cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015 … and global spending on cybersecurity products and services will exceed $1 trillion cumulatively over the next 5 years from 2017 to 2021. The world will need to defend 50x more data. -- CyberSecurity Ventures

https://seekingalpha.com/article/4065886-cisco-two-disturbing-revelations