Friday marks the day for the White House Summit on Cybersecurity and Consumer Protection. While this event has been on the calendar for some time, we are seeing many moves and announcements around the shares of cybersecurity stocks.

FireEye Inc. (NASDAQ: FEYE) announced that it will launch its Global Threat Intelligence Sharing initiative to help companies leverage Adaptive Defense security architectures. What this will allow customers to do is quickly share anonymized FireEye threat intelligence with partners, customers and other trusted community members.

The initiative is designed to enable organizations to bidirectionally share threat intelligence with their community members via the FireEye Community Threat Intelligence (CTI) platform. CTI draws its intelligence from the FireEye Dynamic Threat Intelligence cloud, which delivers indicators of compromise developed from threats that have been identified by FireEye’s millions of virtual machines deployed on networks across the globe.

ALSO READ: Deutsche Bank’s 4 Top CIO Tech Stock Picks

Companies that contract with FireEye will be enabled to deliver threat intelligence in almost real-time to members of their specific community. CTI also allows members of a community to augment and correlate global attack data with intelligence specifically gathered in their business environment.

David DeWalt, chairman of the board and CEO of FireEye, said:

Today’s threat landscape demands far more than just broad attack data being exchanged without any context for those receiving it. Protecting each other from commodity attacks is important, but, by creating an initiative to protect an entire community, FireEye will automate defenses for broad attacks and power different levels of context and customization to protect the community from targeted attacks.

Shares of FireEye were up 5.8% at $41.92 in the first half of Friday’s trading session. The stock has a consensus analyst price target of $41.60 and a 52-week trading range of $24.81 to $97.35.

24/7 Wall St has included the performance of other companies in the cybersecurity sector in Friday’s trading session:

Shares of Palo Alto Networks Inc. (NYSE: PANW) were up about 1.4% at $134.86. The consensus analyst price target is $133.00, and the 52-week trading range is $57.47 to $135.15. The company has a market cap near $11 billion.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) shares were up 1.9% at $79.70. The consensus price target is $85.53, and the 52-week trading range is $60.50 to $81.57. The market cap is roughly $14.7 billion.

ALSO READ: Cisco’s Strong Results Very Positive for 3 Top Stocks

Symantec Corp. (NASDAQ: SYMC) shares were up marginally 0.3% at $26.24. As a reminder, Symantec is in the midst of a total restructuring. The stock has a consensus price target of $25.09. The 52-week trading range is $17.95 to $27.32. The market cap is almost $18 billion.

CyberArk Software Ltd. (NASDAQ: CYBR) shares were up 20% at $54.83. The consensus price target is $37.00, and the 52-week trading range is $22.12 to $54.70. The market cap is about $1.6 billion.

As a reminder, you have to get the phrase “There is and ETF for that!” in your mind about cybersecurity. The PureFunds ISE Cyber Security ETF (NYSEMKT: HACK) was trading up 2% at $28.09 on Friday. The stock has a post-IPO range of $24.44 to $28.19. It has only started trading on November 12, 2014.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.