Cyber-security stocks surge on prospects of cyber warfare after Russia invades Ukraine

Telos

24/02/2022 17:09

** Major cyber-security stocks surge in afternoon trade over
prospects of cyber warfare after Russia invades Ukraine, pitting
it against NATO countries
    ** Palo Alto Networks  PANW.O  and Telos Corp  TLS.O  up
10.3% and 14.6% - and set for best days in six and eleven months
- respectively; 
    ** Fortinet  FTNT.O  up 8.5%, Cyberark Software  CYBR.O  up
8.4%
    ** Check Point Software Technologies  CHKP.O  up 2%
    ** Ukrainian forces battled Russian invaders around nearly
all of the country's perimeter Thursday after Moscow mounted a
mass assault by land, sea and air  urn:newsml:reuters.com:*:nL1N2UZ089
    ** Most global markets plummet; At noon, S&P 500  .SPX  down
1.1%, while Nasdaq  .IXIC  drops 0.2%
    ** Britain's National Cyber Security Centre (NCSC) has
warned of potential cyber-attacks from Russia  urn:newsml:reuters.com:*:nL4N2UX3MJ 
    ** Already, reports say https://www.bbc.com/news/technology-60500618
 Ukraine's government and bank websites are down ostensibly due
to Russia's efforts in the cyber space
    

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))