SAIL - Wedbush sees cloud cyber security stocks leading strong tech earnings

Wedbush analyst Dan Ives says cloud and cyber security stocks such as Palo Also Networks ([[PANW]] -0.3%) and Fortinet ([[FT]] +0.1%) should lead a strong earnings season across the tech sector.Ives says business spending on cloud and cyber security is "poised to soar" in the wake of the Colonial Pipeline ransomware attack. According to Ives' estimates, a $200 billion dollar growth opportunity in cloud security is “up for grabs” over the next few years for companies that can protect critical cloud deployments from growing threats and attacks.With network security in the spotlight, Ives says that tech stocks could rise by more than 10% in the second half of the year.Along with Palo Alto Networks and Fortinet, Ives says other security companies that are likely to perform well with their results are Varonis Systems ([[VRNS]] +0.3%), ZScaler ([[ZS]] -0.5%) and SailPoint Technologies ([[SAIL]] -0.6%).Ives adds that Apple ([[AAPL]] +1.7%) remains his

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Wedbush sees cloud, cyber security stocks leading strong tech earnings