Shares of cybersecurity companies, including CrowdStrike Holdings Inc (NASDAQ:CRWD), Zscaler Inc (NASDAQ:ZS) and Cloudflare Inc (NYSE: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.”
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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.
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