Supermarket fridge cyber-attacks across Europe: what is known
Published November 11, 2026 · Updated November 11, 2026 · 4 sources
French authorities blamed Iran's IRGC for hacks that heated supermarket fridges; Iran rejects the claim. Two cybersecurity firms are included as sector context.
The exposed companies and what ATLAS says about each
Price change between the last close before the event and the latest available close. It is a coincidence in time, not a cause-and-effect relationship.
Cybersecurity provider; the sector is in focus after attacks on connected supermarket equipment. · Technology
Palo Alto Networks is a cybersecurity provider; it is included for its activity in the sector, not because the event affects it. Its close was $326.36 on November 10 and $338.43 on November 11, up 3.70% between the two closes, a coincidence in time only. The sheet lists its next earnings for November 18 after the close, with estimated EPS 0.52.
Price between closes
$326.36 → $338.43Close of November 10 and November 11
Fair value (ATLAS)
$148.61Fair range: $114.13 to $197.51The price ($338.43) is 127.7% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $302.96 and $371.48; 9 in 10, between $252.86 and $445.09.
Cybersecurity provider; the sector is in focus after attacks on connected supermarket equipment. · Technology
CrowdStrike is a cybersecurity provider; it is included for its activity in the sector, not because the event affects it. Its close was $225.76 on November 10 and $234.72 on November 11, up 3.97% between the two closes, a coincidence in time only. Its next earnings are listed for December 1 after the close, with estimated EPS 0.00.
Price between closes
$225.76 → $234.72Close of November 10 and November 11
Chance of a rise in 1 month
47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $208.51 and $258.72; 9 in 10, between $172.22 and $313.25.
S&P 500 between the same closes (November 10 and November 11): 7,520.93 → 7,618.18 points, +1.29%.
What happened
Cyber-attacks raised the temperatures of fridges and freezers in supermarkets across Europe in October and November, spoiling tons of food, with France the worst affected [1][2]. French authorities blamed Iran's Islamic Revolutionary Guard Corps, which Iran has called "baseless and hostile" [1]. Two cybersecurity companies are shown below as sector context only.
Tons of chilled and frozen food was spoiled as fridges and freezers in hundreds of supermarkets heated up [1]. Al Jazeera reports that on October 11 and 12 attackers heated units at about 700 French stores to as high as 50C (122F) [3].
On Monday the French authorities blamed Iran's Islamic Revolutionary Guard Corps. Foreign minister Jean-Noël Barrot called the hacks "unprecedented" in scale and "level of aggression" [1]. Iran described the accusations as "baseless and hostile" [1].
Al Jazeera reports a second wave of suspected cyberattacks on November 2 affecting supermarkets and food businesses in at least nine European countries, and says it is not yet clear who was behind it [3]. The BBC says it is not known whether the instances are linked [1]. Euronews reports supermarkets in at least 12 European countries were hit in October and November [2].
The head of the EU's cybersecurity agency ENISA, Juhan Lepassaar, warned that home appliances could be next and urged Europe to invest more in countering cyber threats [2].
What ATLAS data show
ATLAS publishes a fair value estimate for Palo Alto Networks of $148.61, within a model range of $114.13 to $197.51. The November 11 close of $338.43 is 127.73% above that estimate. These are model estimates, not promises, and they rest on assumptions that may prove wrong. No ATLAS fair value is shown here for CrowdStrike. For context, the S&P 500 closed up 1.29% on November 11, at 7,618.18 points.
Two share prices rising between the same two closes does not show that the supermarket attacks caused the moves; the wider market also rose. Figures come from closing prices and may change.
What you get with ATLAS
Fair value of each company, with its range, against today's price.
Chance of a rise in 1 month and the normal price range, from a calibrated model.
Earnings: next date, estimated EPS and surprise history.
Dividends and alerts by email when a company reports.
Who has been blamed for the supermarket fridge hacks?
French authorities blamed Iran's Islamic Revolutionary Guard Corps for the attacks in France, and Iran rejects this [1]. Al Jazeera says it is not yet clear who was behind the second wave [3].
How many countries were affected?
Euronews reports supermarkets in at least 12 European countries were hit in October and November, with France the worst affected [2].
Why are cybersecurity companies mentioned?
They operate in the cybersecurity sector, which is in focus after the attacks. They are included for that activity, not because the event affects them.
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 11, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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