Hacking Worries Lift Cyber Security Stocks (Update 1)
(Updates from 12:55 p.m. ET with closing information.)
NEW YORK (
) --As recent turbulence in Syria has led to
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) - Get Symantec Corporation Report
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
TheStreet Recommends
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) - Get Mellanox Technologies, Ltd. Report
, 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
Follow @LauraBermanTST
