Cybersecurity Stocks Moving On Cyberark M&A Talk

Shares of Cyberark Software Ltd CYBR were trading higher by more than 22 percent after Wednesday's opening bell following unconfirmed reports that the company is being eyed as an acquisition target by Check Point Software Technologies Ltd. CHKP.

Shares of Check Point Software gained more than 1.5 percent, trading at $79.96.

Investors and traders appear to be encouraged by the M&A chatter as many cybersecurity stocks were trading significantly higher in unison with Cyberark.

Related Link: Cyberark Spikes 18% Following Merger Chatter; Oppenheimer Assigns 'Low Probability' On Transaction

Shares of FireEye Inc FEYE spiked higher by nearly 10 percent at $18.43

Shares of Imperva Inc IMPV gained nearly 5 percent to trade at $61.73.

Even smaller peers, such as Cyren Ltd CYRN were trading higher. Shares of the  small-cap information security solutions provider, were higher by more than 3 percent at $1.57.