On Friday, Shares of Weatherford International plc (NYSE:WFT), lost -3.94% to $13.65, as oil prices were falling for the second day in a row.
Oil prices slipped on Friday, with Brent crude trading 81 cents lower at $64.30 a barrel, while U.S. light crude was down 85 cents at $59.93 around the stock market close.
Overall, oil and gas stocks under-performed, with the sector index closing around 1.7 percent lower.
Weatherford International public limited company provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide.
Shares of EMC Corporation (NYSE:EMC), declined -0.84% to $27.07, during its last trading session.
RSA, The Security Division of EMC Corporation, released its inaugural Cybersecurity Poverty Index that compiled survey results from more than 400 security professionals across 61 countries. The survey allowed participants to self-assess the maturity of their cybersecurity programs leveraging the NIST Cybersecurity Framework (CSF) as the measuring stick. The research provides valuable global insight into how organizations rate their overall cybersecurity maturity and practices across a variety of organizational sizes, industries and geographies. While larger organizations are typically thought of as having the resources to mount a more substantive cyber defense, the results of the survey indicate that size is not a determinant of strong cybersecurity maturity and nearly 75% of all respondents self-stated insufficient levels of security maturity.
The lack of overall maturity is not surprising as many organizations surveyed stated security incidents that resulted in loss or damage to their operations over the past 12 months. The most mature capability revealed in the research was the area of Protection. The research results provide quantitative insight that organizations’ most mature area of their cybersecurity program and capabilities are in preventative solutions despite the common understanding that preventative strategies and solutions alone are insufficient in the face of more advanced attacks. Further, the greatest weakness of the organizations surveyed is the ability to measure, assess and mitigate cybersecurity risk with 45% of those surveyed describing their capabilities in this area as “non-existent,” or “ad hoc,” and only 21% reporting that they are mature in this domain. This shortfall makes it difficult or impossible to prioritize security activity and investment, a foundational activity for any organization looking to improve their security capabilities recently.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Finally, Cypress Semiconductor Corporation (NASDAQ:CY), ended its last trade with –1.53% loss, and closed at $12.84.
Integrated Silicon Solution, declared that it has finalized a definitive agreement to be attained by Cypress Semiconductor Corporation, for $20.25 per share in cash. With respect to the formerly declared issue regarding antitrust approvals, Cypress has agreed to use its reasonable best efforts and take all reasonable actions to obtain such approvals, counting fully divesting all of ISSI’s SRAM business, if required. The definitive terms and conditions of a merger agreement detailing the current Cypress offer have been fully negotiated, and the merger agreement is subject only to execution by the parties.
As formerly declared on May 29, 2015, ISSI reached an Amendment to the Agreement and Plan of Merger dated as of March 12, 2015 (“Uphill Agreement”) with Uphill Investment Co., following which Uphill agreed to acquire all of the outstanding common stock of ISSI for $20.00 per share in cash.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.
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