Jim Cramer -- Cybersecurity Could Be Making a Rebound

Shares of Fortinet (FTNT) are up 1.6% on Tuesday, after analysts at Morgan Stanley upgraded the stock to overweight from neutral and assigned a $39 price target. 

Why is this important? Because last month the company preannounced worse-than-expected earnings results, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, on CNBC's "Mad Dash" segment. 

Although the company predicted bad results, analysts are now coming back to it, Cramer said. It's noteworthy that even the unloved stocks are finding some love in this industry, he explained. That means the group could be getting its mojo back. 

Some investors believe the new Republican administration will put a greater emphasis on cybersecurity. But the truth is, everyone has to put more emphasis on it, Cramer said -- be it state and federal governments or big and small corporations.

Cybersecurity is expensive, but necessary, Cramer added. And it's not a one-time charge either. These customers need to continually pay for security like they pay for maintenance charges, he noted.

Cybersecurity is not going away, and these stocks are reflecting that outlook, Cramer concluded. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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