New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 29, 2014
10:26 EDTVMW, DO, BIIB, TWTR, PINC, DLTR, DHI, AU, QIHU, PANW, HMY, COR, PSEC, MELIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AngloGold (AU) upgraded to Overweight from Neutral at HSBC... Biogen (BIIB) upgraded to Overweight from Neutral at JPMorgan... CoreSite Realty (COR) upgraded to Hold from Sell at Cantor... D.R. Horton (DHI) upgraded at RBC Capital... Diamond Offshore (DO) upgraded at Morgan Stanley... Dollar Tree (DLTR) upgraded at Sterne Agee... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan... Palo Alto (PANW) upgraded to Outperform from Perform at Oppenheimer... Premier (PINC) upgraded to Buy from Neutral at Citigroup... Prospect Capital (PSEC) upgraded to Equal Weight from Underweight at Evercore... Qihoo 360 (QIHU) upgraded to Outperform from Underperform at Standard Chartered... Twitter (TWTR) upgraded to Buy from Hold at Cantor... VMware (VMW) upgraded to Overweight from Neutral at Piper Jaffray.
News For AU;BIIB;COR;DHI;DO;HMY;DLTR;MELI;PANW;PINC;PSEC;QIHU;TWTR;VMW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
February 24, 2015
10:28 EDTPANWAnalyst sees 'massive' IT security upgrade cycle still in early innings
A number of trends are spurring businesses and the government to spend aggressively on cyber security offerings, benefiting companies in the IT security sector, wrote research firm FBR Capital in a note to investors today. In conjunction, the firm raised its price target on a number of stocks in the sector. WHAT'S NEW: After conducting checks, FBR Capital analyst Daniel Ives believes that spending on advanced cyber security products has increased this quarter. The ongoing series of well-publicized cyber attacks on large companies is causing businesses to become more concerned about protecting themselves from this threat, according to Ive, who believes that advanced IT security products have "massive," once in a multi-decade growth potential. Data points indicate that enterprises are looking to buy more advanced firewall/cloud security solutions, while the sizes of purchases by customers in the space have increased. Meanwhile, given the high priority that the Obama administration has placed on cyber security, the federal government's spending on IT security is likely to rise in the coming quarters and years, Ives wrote. Forecasting a 20% increase in overall cyber security spending this year, the analyst believes that the following companies should benefit disproportionately from the positive trends, since they have "the right products at the right time:" Palo Alto (PANW), FireEye (FEYE), Proofpoint (PFPT), Check Point (CHKP), and Fortinet (FTNT). The analyst raised his price target on Fortinet to $39 from $36, on Palo Alto to $160 from $121, on Proofpoint to $67 from $60, and on Check Point to $93 from $85. He kept Outperform ratings on all the stocks named. WHAT'S NOTABLE: In its own note to investors, RBC Capital said it expects Palo Alto to report stronger than expected Q2 results, driven by "impressive" revenue and margin improvements. The firm raised its price target on the shares to $150 from $145 and kept an Outperform rating on the stock. PRICE ACTION:In early trading, Palo Alto added 0.2% to $138.41, FireEye advanced 1.2% to $43.87, Proofpoint lost slipped fractionally to $56.55, Check Point rose 0.5% at $82.77, and Fortinet gained 1.3% to $33.76.
09:56 EDTVMWVMware large DoD contract likely to be delayed, says Nomura
Nomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.
09:47 EDTAUAngloGold upgraded to Buy from Neutral at Goldman (pre-open)
Subscribe for More Information
08:32 EDTPANWFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
07:58 EDTTWTRTwitter VPs remark on future products for the website, TechCrunch says
Subscribe for More Information
07:41 EDTPANWPalo Alto volatility elevated into Q2 and outlook
Subscribe for More Information
07:38 EDTPSECProspect Capital management to meet with Deutsche Bank
Subscribe for More Information
07:18 EDTPANWPalo Alto results likely to beat expectations, says RBC Capital
Subscribe for More Information
February 23, 2015
16:00 EDTTWTROptions Update; February 23, 2015
Subscribe for More Information
10:46 EDTTWTRTwitter urges FCC to adopt 'common sense' net neutrality rules
Subscribe for More Information
10:45 EDTPSECOptions with increasing implied volatility
Subscribe for More Information
10:15 EDTPANWCyberArk sinks after JPMorgan analyst cuts rating to sell
Subscribe for More Information
09:39 EDTTWTRActive equity options trading on open
Subscribe for More Information
08:27 EDTPANWPalo Alto price target raised to $150 from $130 at Pacific Crest
Subscribe for More Information
05:52 EDTPANWCyberArk downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Cyberark Software (CYBR) to Underweight, its sell-equivalent, saying "a lot needs to go right" to justify the current valuation. JPMorgan keeps a $42 price target for the stock, well below Friday's closing price of $70.35. It points out that CyberArk's valuation is in-line with Palo Alto Networks (PANW), despite the latter company's total addressable market being roughly five times larger in its estimation. Cyberark is an Israel-based security company offering protections against cyber attacks.
05:19 EDTAUAngloGold sees FY15 production 4.0Moz-4.3Moz
Production guidance for FY15 is now between 4.0Moz-4.3Moz, reflecting the sale of the Navachab mine, reduction in production from Mali, cessation of underground production at Obuasi, only partially offset by the ramp-up in production from Cripple Creek & Victor starting after Q1. Total cash costs are now anticipated to be $770/oz-$820oz. AISC are forecast at $1,000/oz to $1,050/oz. Capital expenditure for FY15 are expected to be $1B-$1.1B. Corporate costs are now forecast at approximately $95M-$110M for the year, and Expensed exploration and study costs are forecast at $155M-$175M. Depreciation and amortization are expected to be $860M, while the cash flow impact of interest charges is expected at $240M.
05:16 EDTAUAngloGold sees Q1 production 900,000oz-940,000 oz
Subscribe for More Information
05:15 EDTAUAngloGold reports Q4 production 1.16Moz
Subscribe for More Information
February 20, 2015
10:30 EDTPSECOptions with decreasing implied volatility
Subscribe for More Information
09:38 EDTTWTRActive equity options trading on open
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use