Wall Street eyes cyber stocks in wake of Wannacry attack

Investors snap up shares in cybersecurity stocks including those in the government market as world deals with aftermath of worldwide ransomware attack known as Wannacry

Much of Monday’s activity on Wall Street centered around cybersecurity stocks in the wake of Friday's worldwide ransomware attack known as Wannacry and a closely-watched benchmark for cyber equities hit a 52-week high on gains by its high-profile component companies.

The PureFunds ISE Cyber Security Exchange-Traded Fund opened up 3 percent to a 52-week high of $31.00. The fund closed at $30.68, its highest in two years. ETFs are collections of securities such as stock in public companies that can be bought or sold on a public exchange.

Major government IT stocks listed in that ETF include Booz Allen Hamilton, KeyW Corp., Leidos, ManTech International and Science Applications International Corp. The fund also contains notable commercial identities Cisco, FireEye, Fortinet, Palo Alto Networks and Symantec.

This list shows respective share prices and changes:

  • Booz Allen up 1.3 percent to $36.47
  • KeyW up 5.9 percent to $8.75
  • Leidos up 0.2 percent to $52.89
  • ManTech up 1.9 percent to $38.77
  • SAIC up 1.3 percent to $74.53
  • Cisco up 2.3 percent to $34.23
  • FireEye up 7.5 percent to $15.90
  • Fortinet up 3.4 percent to $40.45
  • Palo Alto up 3.1 percent to $119.59
  • Symantec up 3.2 percent to $32.00

No government stocks in the PureFunds cyber ETF showed volume above their three-month averages but the shares in the commercial entities traded higher than normal:

  • Cisco: 26.4 million shares traded, three-month average of 18.7 million
  • FireEye: 26.8 million shares traded, three-month average of 6.3 million
  • Fortinet: 3.2 million shares traded, three-month average of 1.6 million
  • Palo Alto: 3.1 million shares traded, three-month average of 2.2 million
  • Symantec: 13.5 million shares traded, three-month average of 5.9 million

S&P 500-listed government IT stock CSRA rose 0.7 percent to $29.30 with 2.7 million shares traded versus the three-month average of nearly 948,000.

The European Union’s law enforcement agency Europol says at least 200,000 computers across 150 countries have been hit by the ransomware attack.

Also, analysts at Morgan Stanley upgraded their rating on Cisco’s stock and lifted their price target to $39.00 from $32.00 as the investment bank sees the company as able to record increases in security sales as customers upgrade IT equipment. Morgan Stanley also views Cisco’s mix of software and firewall activity as a positive that can help the company obtain a share of customers’ IT budgets.

X
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We also share information about your use of our site with our social media, advertising and analytics partners. Learn More / Do Not Sell My Personal Information
Accept Cookies
X
Cookie Preferences Cookie List

Do Not Sell My Personal Information

When you visit our website, we store cookies on your browser to collect information. The information collected might relate to you, your preferences or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. However, you can choose not to allow certain types of cookies, which may impact your experience of the site and the services we are able to offer. Click on the different category headings to find out more and change our default settings according to your preference. You cannot opt-out of our First Party Strictly Necessary Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the cookie banner and remembering your settings, to log into your account, to redirect you when you log out, etc.). For more information about the First and Third Party Cookies used please follow this link.

Allow All Cookies

Manage Consent Preferences

Strictly Necessary Cookies - Always Active

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data, Targeting & Social Media Cookies

Under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information to third parties. These cookies collect information for analytics and to personalize your experience with targeted ads. You may exercise your right to opt out of the sale of personal information by using this toggle switch. If you opt out we will not be able to offer you personalised ads and will not hand over your personal information to any third parties. Additionally, you may contact our legal department for further clarification about your rights as a California consumer by using this Exercise My Rights link

If you have enabled privacy controls on your browser (such as a plugin), we have to take that as a valid request to opt-out. Therefore we would not be able to track your activity through the web. This may affect our ability to personalize ads according to your preferences.

Targeting cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Social media cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.

If you want to opt out of all of our lead reports and lists, please submit a privacy request at our Do Not Sell page.

Save Settings
Cookie Preferences Cookie List

Cookie List

A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. More specifically, we use cookies and other tracking technologies for the following purposes:

Strictly Necessary Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Functional Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Performance Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Social Media Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Targeting Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.