Why CrowdStrike, Zscaler And Cloudflare Shares Are Rising Today

Shares of cybersecurity companies, including CrowdStrike Holdings Inc CRWDZscaler Inc ZS and Cloudflare Inc NET, are trading higher Tuesday following Monday comments from President Joe Biden warning of potential Russian cyberattacks on U.S. infrastructure.

President Biden on Monday warned that his previously issued warnings have become even more important, suggesting that Russia is preparing for cyberwarfare.

"Today, my Administration is reiterating those warnings based on evolving intelligence that the Russian Government is exploring options for potential cyberattacks," Biden said in a White House statement.

"This is a critical moment to accelerate our work to improve domestic cybersecurity and bolster our national resilience."

See Also: Why Okta Shares Are Tumbling Today

CRWD, ZS, NET Price Action: At publication time, CrowdStrike was up 6.79% at $217.99, Zscaler was up 5.75% at $233.56 and Cloudflare was up 10.28% at $115.19.

Photo: TheDigitalWay from Pixabay.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading IdeasJoe Bidenwhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!