NEW YORK (TheStreet) -- Shares of network security company FireEye (FEYE) are popping, up 5.22% to $50.45 on heavy volume in midday trading Friday, along with other cyber-security stocks following reports of the cyber attack on millions of U.S. federal workers.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "FireEye CEO Dave DeWalt has put together the best forensic team there is to find out what goes on in a hack."
On Wednesday, FireEye and Visa announced that they will develop products and services that help merchants and card issuers detect and respond to attacks.
Late yesterday, U.S. officials revealed a data breach may have leaked personal information of roughly 4 million current and formal federal workers after hackers got into government computers, according to Reuters.
The Office of Personnel Management first discovered the cyber attack in April. The Department of Homeland Security said it concluded that the agency's data had been compromised in early May, Reuters added.
About 8.07 million shares have exchanged hands as of 12:20 p.m. ET today, compared to its average trading volume of about 6.17 million shares a day.
Milpitas, Calif.-based FireEye created a purpose-built, virtual machine-based security platform that provides real-time, dynamic threat protection across the primary threat platforms including web, email, and files in various stages of an attack life cycle.