Trump Administration Considers Involving Private Companies in Cyber Attacks
The Trump administration is weighing a substantial shift to enlist private companies to assist with offensive cyberattacks, four former senior U.S. officials familiar with the matter told The New York Times' Adam Sella. The government can currently contract private companies to develop elements of its cyberoperations, but the initiative would drastically expand the role of private companies in cyberwarfare, said the former officials, according to the report. Publicly traded companies in the cybersecurity space include Check Point (CHKP), CrowdStrike (CRWD), CyberArk (CYBR), F5 (FFIV), Fortinet (FTNT), Gen Digital (GEN), Okta (OKTA), Palo Alto Networks (PANW) and Qualys (QLYS).
Get Free Real-Time Notifications for Any Stock
Analyst Views on CHKP
About CHKP
About the author
S&P 500 Futures Decline in Pre-Market Session; Netflix and MakeMyTrip Underperform
Market Opening: U.S. stock markets are set to open in two hours.
Teck Resources Performance: Teck Resources Ltd. Cl B (TECK) saw a 5.8% increase in pre-market trading.
Teledyne Technologies Performance: Teledyne Technologies Inc. (TDY) experienced a 5.1% rise in pre-market trading.
Overall Market Sentiment: The pre-market gains indicate positive sentiment among investors for these companies.
ServiceNow Partners with OpenAI for Multi-Year AI Solutions Deal
- Market Downturn: Enterprise software stocks broadly declined due to U.S. and European trade tensions regarding Greenland, with the iShares Expanded Tech-Software Sector ETF (IGV) down 1.2%, indicating rising market risk sentiment that may affect investor confidence.
- Adobe's Continued Decline: Adobe (ADBE) fell 1.8% during midday trading, marking a 33% drop over the past year, highlighting ongoing pressures in a competitive market that could impact its future market share and profitability.
- ServiceNow's Partnership with OpenAI: ServiceNow (NOW) announced a multi-year collaboration with OpenAI (OPENAI) to provide enterprise customers access to OpenAI's frontier models and custom AI solutions, which is expected to enhance its product competitiveness and drive revenue growth.
- Weakness in Cybersecurity Stocks: Software cybersecurity firms like Check Point (CHKP) and CrowdStrike (CRWD) saw declines of 1.2% and 1.5%, respectively, reflecting market concerns over cybersecurity demand that may affect these companies' long-term growth outlook.
