Rumours of a CyberArk Software Buyout Cause FireEye Stocks to Soar

FireEye Inc (NASDAQ:FEYE) have jumped in response to the news of a potential buyout of competitor CyberArk Software, Inc. (NASDAQ:CYBR).

According to an article on Bidness Etc.:

According to a report published on The Marker earlier today, Israel-based cybersecurity firm Checkpoint Systems, Inc. is currently in initial phase to acquire CyberArk Software.

If a deal does materialize, this could perhaps be the start of an acquisition raid in the cybersecurity segment by larger tech companies. A few weeks ago, FBR analyst Dan Ives indicated that 2016 could see ‘robust deal flow’ in the segment, as corporations and governments alike seek to ramp their cybersecurity capabilities, to tackle new types of threats.

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