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Hacking Worries Lift Cyber Security Stocks (Update 1)

(Updates from 12:55 p.m. ET with closing information.)

NEW YORK ( TheStreet) -- As recent turbulence in Syria has led to cyber attacks on The New York Times, shares of cyber security companies have bounded higher, led by optimism the companies will see increased business.

Shares of Symantec (SYMC ) rose 0.12% to $25.50 Wednesday morning. The maker of the popular antivirus software Norton AntiVirus, Symantec's clients include the Times. Symantec was partially blamed when the newspaper's website was previously hacked in late 2012.

Checkpoint Systems (CKP ) shares were up 1.11% to $15.51. The Tel Aviv-based software company developed the personal firewall software ZoneAlarm.

Another Israeli company, Mellanox Technologies (MLNX ), was up slightly, rising 0.89% to $38.44. The escalation in Syria has impacted Israeli stocks and the shekel particularly.


Closing prices: SYMC rose 1% to close at $25.69, CKP was up 1% to $15.46 but MLNX fell 1% to $37.84.

-- Written by Laura Berman in New York

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