CEO Dave DeWalt "is doing great things with FireEye" while CEO Charles Scharf "is amazing at Visa," Cramer, portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment Thursday.
The companies said Wednesday they are joining forces to develop products and services that help merchants and card issuers detect and respond to cyber attacks.
These two executives, DeWalt and Scharf, are brilliant and other key executives are likely to follow the lead of Scharf, who is "revered" in the corporate world, according to Cramer. Other management teams are beginning to realize that cyber security is one of the most important risks worth defending against, and this partnership could expedite the process of seeking protection.
Palo Alto Networks (PANW) is also likely to benefit from an increasing focus on fighting cyber security, Cramer concluded.