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March 25, 2014
10:07 EDTEPE, DYAX, WRE, VRNS, NPSP, FSFR, ASPS, GOV, FPO, SAVE, FEYE, AFOP, BYD, HIW, BDN, SAPE, CVGOn The Fly: Analyst Initiation Summary
Alliance Fiber Optic (AFOP) initiated with a Buy at Needham... Convergys (CVG) initiated with a Buy at SunTrust... Fifth Street Senior (FSFR) initiated with a Buy at UBS... FireEye (FEYE) initiated with an In-Line at Imperial Capital... NPS Pharmaceuticals (NPSP) initiated with a Buy at Goldman... Sapient (SAPE) initiated with a Buy at SunTrust... Spirit Airlines (SAVE) initiated with a Buy at SunTrust... Varonis (VRNS) initiated with a Buy at Jefferies... Brandywine Realty (BDN) initiated with a Buy at MLV & Co.... First Potomac (FPO) initiated with a Buy at MLV & Co.... Washington REIT (WRE) initiated with a Buy at MLV & Co.... Highwoods Properties (HIW) initiated with a Hold at MLV & Co.... Government Properties (GOV) initiated with a Hold at MLV & Co.... Spirit Airlines (SAVE) initiated with a Buy at CRT Capital... Dyax (DYAX) initiated with an Outperform at RBC Capital... Boyd Gaming (BYD) initiated with a Hold at Ascendiant... Altisource Solutions (ASPS) initiated with a Neutral at Sterne Agee... Varonis (VRNS) initiated with an Equal Weight at Morgan Stanley... EP Energy (EPE) initiated with a Buy at Jefferies.
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October 5, 2015
07:08 EDTFEYEFireEye enters global partnership with F5 Networks
FireEye (FEYE) and F5 Networks (FFIV) announced a global partnership to defend against the evolving security threats to the enterprise. Customers will benefit from comprehensive security solutions that integrate application delivery infrastructure from F5 and advanced threat protection from FireEye Network Security. The agreement also includes a unified approach to worldwide sales, deployment and support, thereby helping to ensure the best possible end-to-end experience for customers.
06:32 EDTFEYEFireEye downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski downgraded FireEye to Neutral with a $37 price target citing increasing competition and difficult upcoming comparisons. The provider of cybersecurity solutions closed Friday up 37c to $33.06.
October 2, 2015
15:14 EDTFEYEAs many as 4.6M Scottrade users' data exposed in breach, KrebsonSecurity says
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October 1, 2015
10:42 EDTFEYEFireEye calls active
FireEye October weekly 32, 32.5 and 34 calls are active on total call volume of 7,800 contracts (790 puts) on renewed takeover chatter. October weekly call option implied volatility is at 64, October is at 59; compared to its 52-week range of 36 to 78. Active call volume suggests traders taking positions for large price movement.
10:16 EDTFEYEFireEye spikes higher, levels to watch
Shares are outperforming in the early going, last up over 3.5% to $32.98. At that price next resistance is at $33.68. Support is at $32.50.
10:11 EDTFEYEHigh option volume stocks
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10:08 EDTFEYEFireEye calls active
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September 30, 2015
10:33 EDTFEYEBattleground: Analysts agree Barracuda shares 'cheap,' diverge on ratings
The shares of Barracuda Networks (CUDA) are falling after the company reported lower than expected revenue and provided weaker than expected guidance. Research firms Piper Jaffray and JPMorgan both said that the shares are cheap in the wake of their huge decline today, though Piper downgraded the shares and JPMorgan kept an Overweight rating on the stock. Barracuda provides IT security and storage solutions, primarily for small and medium businesses. WHAT'S NEW: Barracuda last night reported second quarter earnings per share of 10c, versus analysts' consensus estimate of 9c. The company's revenue, however, came in at $78.4M, below the consensus outlook of $78.7M. Moreover, the company lowered its fiscal 2016 EPS guidance to 34c-36c from 36c-41c. Analysts' consensus estimate was 39c. Barrcuda cut its full-year revenue guidance to $320M-$323M, from $325M-$330M. Analysts' consensus estimate was $325M. The company said that its Q2 results were negatively impacted by longer sales cycles in its Europe, Middle East, and Africa region and it warned that it "saw some evidence" of slowing growth in the storage market. It also stated that its gross billings came in below its expectations. ANALYST REACTION: Piper Jaffray analyst Andrew Nowinski responded to Barracuda's results by downgrading the stock to Neutral from Overweight. Although Barracuda blamed its lower than expected billings guidance on weakness in its storage business, its security billings increased only by high single digit percentage levels, the analyst stated. The shares are "cheap," but the valuation is not compelling enough to recommend the stock, contends Nowinski, who cut his price target for shares to $20 from $40. Barracuda was also downgraded at Macquarie and at Stephens this morning.Conversely, JPMorgan analyst Sterling Auty called Barracuda shares "too cheap to ignore." The company lowered its billings guidance partly due to worries about slowing storage market growth, as indicated by an industry report released last quarter, said Auty. However, the growth of Barracuda's storage business actually accelerated last quarter, reaching about 25%, the analyst stated. He believes that Barracuda's new guidance reflects the company's efforts to be "prudent." Auty cut his price target on the name to $30 from $42 but kept an Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded companies in the IT security space include Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Barracuda tumbled 33% to $15.90.
09:31 EDTBYDLas Vegas reports August gaming win down 1.4% to $908.24M
Las Vegas strip August gaming win fell 4.7% to $527.38M. Publicly traded companies in the casino space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
07:13 EDTDYAXDyax receives positive opinion for Orphan designation in EU for DX-2930
Dyax announced that the European Medicines Agency Committee for Orphan Medicinal Products has adopted a positive opinion recommending DX-2930 for designation as an orphan medicinal product for the treatment of hereditary angioedema. Dyax is developing DX-2930, an investigational fully human monoclonal antibody inhibitor of plasma kallikrein, as a subcutaneous injection for prevention of HAE attacks.
07:11 EDTDYAXLeerink to hold a roundtable
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07:07 EDTBYDDeutsche Bank to hold a conference
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September 29, 2015
10:00 EDTVRNSOn The Fly: Analyst Initiation Summary
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06:51 EDTVRNSVaronis initiated with a Hold at Stifel
September 28, 2015
15:37 EDTBYDLas Vegas Sands abandons plans for South Florida casino, LVRJ says
Las Vegas Sands' (LVS) senior vice president of government relations confirmed published reports that the company has abandoned its effort to build a casino-resort in South Florida, reported the Las Vegas Review Journal. The report, which noted that Wynn Resorts (WYNN), MGM Resorts (MGM), Boyd Gaming (BYD) and Genting Berhad were also involved in the Florida efforts, said that Sands will now focus its attention on a potential development in Georgia. Reference Link
07:50 EDTBYDUBS and Deutsche Bank to co-host a forum
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07:38 EDTFEYEBox to hold a user conference
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September 27, 2015
14:04 EDTFEYECybersecurity firms look prime for takeover, Barron's says
Cybersecurity companies like Palo Alto Networks (PANW), Fortinet (FTNT), and FireEye (FEYE) are becoming increasingly-attractive takeover targets for a Cisco (CSCO) or IBM (IBM), and any future dip in their stocks could represent a buying opportunity, Barron's contends in its 'Technology Trader' column. Reference Link
September 25, 2015
10:00 EDTSAVEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3M (MMM) upgraded to Outperform from Neutral at Credit Suisse... ACE Limited (ACE) upgraded to Buy from Neutral at Goldman... Applied Materials (AMAT) upgraded to Buy from Outperform at CLSA... Autoliv (ALV) upgraded to Sector Perform from Underperform at RBC Capital... Bed Bath & Beyond (BBBY) upgraded to Market Perform at Telsey Advisory... Box (BOX) upgraded to Buy at Canaccord... Chevron (CVX) upgraded to Peer Perform from Underperform at Wolfe Research... CyberArk (CYBR) upgraded to Buy from Neutral at Nomura... Exelon (EXC) upgraded to Buy from Neutral at Guggenheim... General Growth (GGP) upgraded to Outperform from Market Perform at BMO Capital... Intel (INTC) upgraded on positive checks, developments at JMP Securities... KLA-Tencor (KLAC) upgraded to Outperform from Underperform at CLSA... Lam Research (LRCX) upgraded to Buy from Outperform at CLSA... Marvell (MRVL) upgraded to Buy from Hold at Craig-Hallum... Nike (NKE) upgraded on share gains at Sterne Agee CRT... Spirit Airlines (SAVE) upgraded to Outperform from Market Perform at Cowen... United Rentals (URI) upgraded to Neutral from Underperform at BofA/Merrill.
06:18 EDTSAVESpirit Airlines upgraded to Outperform from Market Perform at Cowen
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