Halliburton's North Houston Campus Affected by Cyberattack: Report
Portfolio Pulse from Lekha Gupta
Halliburton's north Houston campus was affected by a cyberattack, impacting some global connectivity networks. The company is working with external experts to resolve the issue. Halliburton's recent financial performance showed a revenue miss but EPS in line with expectations. Investors can gain exposure to Halliburton through ETFs like VanEck Oil Services ETF and iShares U.S. Oil Equipment & Services ETF.
August 22, 2024 | 3:30 pm
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NEGATIVE IMPACT
Halliburton was affected by a cyberattack impacting its north Houston campus and some global networks. The company is addressing the issue with external experts. Recent financials showed a revenue miss but EPS in line with expectations.
The cyberattack directly impacts Halliburton's operations, which could lead to short-term disruptions and potential costs. This, combined with a recent revenue miss, suggests a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
iShares U.S. Oil Equipment & Services ETF, which includes Halliburton, might experience minor impacts from the cyberattack. The ETF's diversified holdings could buffer against significant effects.
IEZ holds Halliburton, so the cyberattack could have a minor impact. However, the ETF's diversification across the sector should buffer against significant effects.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
VanEck Oil Services ETF, which includes exposure to Halliburton, may see minor impacts due to the cyberattack on Halliburton. However, the diversified nature of the ETF could mitigate significant effects.
OIH includes Halliburton, so the cyberattack may have a minor impact. However, the ETF's diversification across the oil services sector should mitigate significant effects.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50