Cyber security stocks fall, J.P.Morgan sees risks to firms with Israel exposure

Tenable Holdings

09/10/2023 10:06

** Cyber security firms Check Point Security  CHKP.O  and
SentinelOne  S.N  slide 4.2% premarket, CyberArk  CYBR.O  down
~2%
    ** J.P.Morgan identifies these stocks as having "meaningful"
exposure to Israel within its cyber security coverage universe 
    ** Israel pounded the Palestinian enclave of Gaza on Sunday
in retaliation for attack by Islamist group Hamas 
    ** JPM says stocks in its cyber security coverage are "well
prepared to manage geopolitical disruption in the region, but we
would not be surprised to see headlines pressure"
    ** Notes CHKP and CYBR have headquarters in Israel, with
CHKP's 60% office space and 42% employees in the country
    ** Additionally, several of Palo Alto Networks'  PANW.O 
acquisitions are based in Israel, it adds
    ** Zscaler  ZS.O , Rapid7  RPD.O  and Tenable  TENB.O  have
R&D offices in Israel, TENB's cloud security provider Ermetic is
headquartered in Tel Aviv

 (Reporting by Susan Mathew)