{"id":137034,"date":"2020-12-19T02:17:00","date_gmt":"2020-12-18T23:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fireeye-crowdstrike-enjoy-record-days-as-solarwinds-hack-leads-to-soaring-security-stocks\/"},"modified":"2020-12-19T02:17:00","modified_gmt":"2020-12-18T23:17:00","slug":"fireeye-crowdstrike-enjoy-record-days-as-solarwinds-hack-leads-to-soaring-security-stocks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fireeye-crowdstrike-enjoy-record-days-as-solarwinds-hack-leads-to-soaring-security-stocks\/","title":{"rendered":"#\n  FireEye, Crowdstrike enjoy record days as SolarWinds hack leads to soaring security stocks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d2b4877e3b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d2b4877e3b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fireeye-crowdstrike-enjoy-record-days-as-solarwinds-hack-leads-to-soaring-security-stocks\/#FireEye_shares_jump_more_than_30_Crowdstrike_hits_new_high_as_companies_and_US_agencies_seek_to_find_out_if_they_were_hacked_and_to_what_extent_in_large-scale_cyber_attack\" >FireEye shares jump more than 30%, Crowdstrike hits new high as companies and U.S. agencies seek to find out if they were hacked and to what extent in large-scale cyber attack<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fireeye-crowdstrike-enjoy-record-days-as-solarwinds-hack-leads-to-soaring-security-stocks\/#Jeremy_C_Owens\" >Jeremy C. Owens<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  FireEye, Crowdstrike enjoy record days as SolarWinds hack leads to soaring security stocks<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"FireEye_shares_jump_more_than_30_Crowdstrike_hits_new_high_as_companies_and_US_agencies_seek_to_find_out_if_they_were_hacked_and_to_what_extent_in_large-scale_cyber_attack\"><\/span>\n  FireEye shares jump more than 30%, Crowdstrike hits new high as companies and U.S. agencies seek to find out if they were hacked and to what extent in large-scale cyber attack<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000105896\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Security-software stocks soared Friday, as investors bet that the fallout from one of the most devastating hacks in U.S. history will lead to increased security spending by companies and government agencies.<\/p>\n<p> The breach was executed through a vulnerability in ubiquitous network-monitoring software from SolarWinds Inc.<br \/>\n        SWI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208088323\/composite\" class=\"negative\">-19.43%<\/bg-quote><span>,<\/span><br \/>\n       which hackers believed to be connected to a notorious Russian group used to potentially infiltrate thousands of companies and government agencies. Security-software company FireEye Inc.<br \/>\n        FEYE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204730283\/composite\" class=\"positive\">+33.73%<\/bg-quote><br \/>\n       discovered the breach when one of its own tools suffered because of it, and disclosed its hack last week and informed SolarWinds of the issue on Saturday, according to filings with the Securities and Exchange Commission.   <\/p>\n<div class=\"paywall\">\n       FireEye stock initially plunged after disclosing its hack, but soared 33.7% in Friday trading \u2014 the stocks\u2019 second-best single-day gain of all time \u2014 after analysts consistently noted that the hack will lead to a desperate need for forensic investigations and increase attention on prevention. While it is relatively simple for engineers to discover if the hackers used the vulnerability on a specific network, it takes a lot of work to investigate what they may have done after gaining entry, and companies like FireEye and CrowdStrike<br \/>\n        CRWD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212513426\/composite\" class=\"positive\">+9.99%<\/bg-quote><br \/>\n       are expected to be busy.<\/p>\n<p>\u201cFireEye stock took the hit when they were first to disclose, but other companies and agencies running layers of cybersecurity and with a lot of security analysts did not find the attack until FireEye found it. We think that will benefit the FireEye incident-response business,\u201d JPMorgan analysts wrote Friday, while adding that SolarWinds said it is deploying Crowdstrike\u2019s Falcon Endpoint Protection Platform in response to the hack, which \u201clikely will benefit CrowdStrike marketing efforts.\u201d<\/p>\n<p>CrowdStrike shares gained 10% to a record closing high of $203.75 Friday.<\/p>\n<p>It is believed that about 18,000 businesses and agencies were vulnerable to the attack, with even tech stalwart Microsoft Corp.<br \/>\n        MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"negative\">-0.38%<\/bg-quote><br \/>\n       admitting Thursday that its network was breached. <\/p>\n<p>\u201cTo put it bluntly, based on all the initial data and\u00a0speaking with our Beltway contacts last night\/today, we believe this cyber attack will likely rank as one of the worst (very possibly the worst ever) in the last decade given the targeted and cyber-espionage nature of this attack,\u201d Wedbush Securities analyst Dan Ives wrote in a Friday note. <\/p>\n<p>A high-profile attack of that breadth is expected to factor in when companies determine their budgets for 2021.<\/p>\n<p>\u201cThe breach comes at a crucial time when IT budgets are being settled<br \/> for the upcoming year for many companies,\u201d Truist analysts wrote Friday. \u201cWe see the already-high awareness around security, driven by the remote work shift, as being accentuated by recent headlines and the realization that, even with the threat of state-level actors, the onus of securing the digital corporate environment falls on individual corporations themselves rather than the government.\u201d<\/p>\n<p>Truist raised its price targets on three security companies in response: CrowdStrike, which went to $200 from $180; firewall specialist Palo Alto Networks Inc.<br \/>\n        PANW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207599953\/composite\" class=\"positive\">+7.28%<\/bg-quote><span>,<\/span><br \/>\n       which was raised to $365 from $305; and Varonis Systems Inc., which increased to $160 from $145. Palo Alto Networks shares gained 7.3% Friday, while Varonis stock jumped 8.9%.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>UBS analysts also said that CrowdStrike and Palo Alto Networks were likely short-term beneficiaries, but added CyberArk Software Ltd.<br \/>\n        CYBR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206810080\/composite\" class=\"positive\">+16.33%<\/bg-quote><br \/>\n       and ZScaler Inc.<br \/>\n        ZS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203585803\/composite\" class=\"positive\">+4.32%<\/bg-quote><br \/>\n       to their list of targets. CyberArk shares gained 16.3% in Friday trading, while ZScaler shares gained 4.3%.<\/p>\n<p>Overall, the ETFMG Prime Cyber Security ETF<br \/>\n        HACK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207892345\/composite\" class=\"positive\">+4.04%<\/bg-quote><br \/>\n       increased 4% Friday, led by double-digit percentage gains for FireEye, Qualys Inc.<br \/>\n        QLYS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201504669\/composite\" class=\"positive\">+18.67%<\/bg-quote><span>,<\/span><br \/>\n       Tenable<br \/>\n        TENB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203199150\/composite\" class=\"positive\">+21.14%<\/bg-quote><span>,<\/span><br \/>\n       Proofpoint Inc.<br \/>\n        PFPT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207816916\/composite\" class=\"positive\">+11.92%<\/bg-quote><span>,<\/span><br \/>\n       CyberArk, Zix Corp.<br \/>\n        ZIXI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208005056\/composite\" class=\"positive\">+11.69%<\/bg-quote><br \/>\n       and Allot Ltd.<br \/>\n        ALLT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206279298\/composite\" class=\"positive\">+10.58%<\/bg-quote><br \/>\n       The basket of security stocks has gained 37.1% so far this year, as the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.35%<\/bg-quote><br \/>\n       has increased 15.2%.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeremy C. Owens\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeremy_C_Owens\"><\/span>Jeremy C. Owens<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D19DA847CB71%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# FireEye, Crowdstrike enjoy record days as SolarWinds hack leads to soaring security stocks &#8221; FireEye shares jump more than 30%, Crowdstrike hits new high as companies and U.S. agencies seek to find out if they were hacked and to what extent in large-scale cyber attack Security-software stocks soared Friday, as investors bet that the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":137035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-137034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/137034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=137034"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/137034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/137035"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=137034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=137034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=137034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}