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Stock Market & Financial Investment News

News Breaks
April 8, 2014
07:40 EDTINXN, BIOS, RLDBioScrip, InterXion, RealD mentioned as stock picks by Oscar Schafer
Pharmacy and home health services provider BioScrip (BIOS) was named as a stock pick and a potential takeover target by Oscar Schafer, managing partner of O.S.S. Capital Management and chairman of Rivulet Capital, while speaking on CNBC. Schafer also mentioned data center service provider InterXion (INXN) and 3D technology licensor RealD (RLD) as stock picks during his appearance on the network.
News For BIOS;INXN;RLD From The Last 14 Days
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December 18, 2014
10:19 EDTRLDSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
07:23 EDTRLDIMAX and RealD could benefit from The Interview cancellation, says B. Riley
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December 15, 2014
16:08 EDTRLDRealD announces resignation of CTO Gary Sharp
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14:59 EDTINXNInterXion management to meet with Evercore ISI
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December 11, 2014
14:41 EDTINXNInterXion management to meet with William Blair
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10:13 EDTRLDOn The Fly: Analyst Upgrade Summary
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09:29 EDTRLDRealD upgraded to Buy from Neutral at Dougherty
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December 9, 2014
08:03 EDTRLDRealD licenses Precision White Screen Technology to Harkness Screens
RealD announced that it has licensed its Precision White Screen Technology to Harkness Screens International Limited, available exclusively to RealD customers utilizing RealD 3D Cinema Systems.

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