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Stock Market & Financial Investment News

News Breaks
May 31, 2013
16:22 EDTAIG, KKD, OVTI, PANWOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the averages fell sharply in the final hour of trading. The averages moved in a narrow range near the flatline for much of the session, and despite the late-day selloff, each of the major indices finished the month with marked gains, going against the "sell in May" theory. ECONOMIC EVENTS: In the U.S., personal income was reported to be flat in April, versus expectations of an increase of 0.1%, while personal spending fell 0.2% in the month, versus the consensus forecast for it to be unchanged. The ISM-Chicago business survey had a reading of 58.7, versus an expected reading of 50.0. The University of Michigan consumer confidence report came in at 84.5, versus expectations for a reading of 83.7. COMPANY NEWS: American International Group (AIG) lost $1.75, or 3.79%, to $44.46, after the company disclosed that a Chinese group that has agreed to buy up to 90% of International Lease Finance Corporation common stock missed a deposit deadline. AIG has previously said asset sales will be key to funding its capital return plans, potentially including share buybacks. MAJOR MOVERS: Among the notable gainers following their earnings reports and better than expected guidance were OmniVision (OVTI),up $2.978, or 19.24%, to $18.47, and Krispy Kreme (KKD), up $3.06, or 21.46%, to $17.32. Among noteworthy losers was Palo Alto Networks (PANW), $5.87, or 10.795, to $48.52 after its third quarter revenue missed the Street view and its fourth quarter outlook came in below expectations. INCDICES: The Dow lost 208.96, or 1.36%, to 15,115.57; the S&P lost 23.87, or 1.43%, to 1,630.74; the Nasdaq lost 35.39, or 1.01%, to 3,455.91.
News For AIG;OVTI;KKD;PANW From The Last 14 Days
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May 27, 2015
13:06 EDTPANWPalo Alto technical comments before earnings
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08:06 EDTPANWPalo Alto continues to be a share winner, says Morgan Stanley
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May 26, 2015
09:54 EDTPANWAnalysts bullish on two Internet security players
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07:38 EDTPANWPalo Alto results should beat expectations, says RBC Capital
RBC Capital says that its checks lead it to believe that Palo Alto's results will beat expectations by a meaningful amount. The firm expects the company's margins to continue to rise, and it raised its price target on the name to $175 from $165 while keeping an Outperform rating.
07:03 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 21, 2015
13:57 EDTKKDKrispy Kreme signs development agreements for 11 shops
Krispy Kreme announced it has signed development agreements to open 11 Krispy Kreme shops in Arkansas, Montana, Illinois and Kentucky over the next several years.
13:52 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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07:16 EDTKKDLongbow to hold a conference
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May 20, 2015
15:55 EDTPANWCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the companyís ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirstís websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirstís websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
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08:41 EDTPANWCisco CFO sees potential for acquistions in security
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08:05 EDTAIGAIG acquires controlling stake in ING Employee Benefits Global Network
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06:51 EDTPANWPalo Alto initiated with a Hold at Evercore ISI
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May 18, 2015
15:50 EDTKKDKrispy Kreme signs development agreement to open 31 shops in South Africa
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09:02 EDTOVTIOmniVision and Silicon Line GmbH announce collaboration
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May 15, 2015
17:15 EDTAIGPaulson & Co. gives quarterly update on stakes
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10:55 EDTAIGJANA Partners gives quarterly update on stakes
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May 14, 2015
16:26 EDTAIGAIG files automatic mixed securities shelf
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08:52 EDTPANWPalo Alto Q3 checks positive, says Stephens
Stephens said its checks have come back positive during Palo Alto's Q3 have been positive, leading the firm to expect the company's results to top consensus expectations. Stephens keeps its Overweight rating and $170 price target on Palo Alto shares.
08:21 EDTPANWFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.
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