Trump's New Executive Order Will Move Cybersecurity Technologies To The Cloud - Check Point Software (NASDAQ:CHKP)

President Donald Trump signed on Thursday a new executive order that calls for an entire review of the nation's

cybersecurity

and digital defenses.

According to a

CNBC report,

the new executive order will result in a migration of the country's cyber-defense system to the cloud as quickly as possible. The reason for doing so is simple: By moving defense systems to shared services, the nearly 200 government agencies that require cybersecurity can make use of one central platform instead of developing their own defenses.

Recode

noted the executive order also calls for the federal government to work closely with technology, telecommunication and other companies to "improve the resilience of the internet and communications ecosystem."

It is unclear which company or companies will benefit from this executive order. But that isn't stopping investors from placing their bets as most cybersecurity stocks were trading higher during Friday's trading session; at the same time, the Dow Jones Industrial Average and S&P 500 index were trading in the red.

Shares of Barracuda Networks Inc CUDA were trading higher by 2.98 percent at $21.77.
Shares of Check Point Software Technologies Ltd. CHKP were trading higher by 1.21 percent at $107.00.
Shares of FireEye Inc FEYE were trading higher by 0.70 percent at $14.55.
Shares of Palo Alto Networks Inc PANW were trading higher by 0.62 percent at $115.86.