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Stock Market & Financial Investment News

News Breaks
June 4, 2014
15:20 EDTRLD, FIVE, PVH, BV, VRNT, GEFNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Bazaarvoice (BV), consensus (10c); Five Below (FIVE), consensus 6c; Greif (GEF), consensus 67c; PVH Corp. (PVH), consensus $1.49; RealD (RLD), consensus (24c); and Verint Systems (VRNT), consensus 55c.
News For BV;FIVE;GEF;PVH;RLD;VRNT From The Last 14 Days
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December 19, 2014
09:02 EDTPVHCalvin Klein announces global e-commerce expansion plan
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08:15 EDTPVHPVH Corp., Gazal announce expansion of Australian joint venture
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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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December 11, 2014
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 10, 2014
16:48 EDTGEFGreif sees FY14 operating profit $298M, consensus $2.21
Sees FY14 revenue $4.378B, consensus $4.44B.
16:47 EDTGEFGreif sees Q4 operating profit $93M, consensus 77c
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10:20 EDTPVH, FIVEOptions with decreasing implied volatility
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07:24 EDTVRNTImperial Capital to hold a conference
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06:03 EDTPVHPVH Corp. enters into worldwide partnership with Save the Children
PVH announced a worldwide partnership with Save the Children, supporting their programming with a $5M commitment.
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.
December 8, 2014
10:20 EDTFIVEOptions with decreasing implied volatility
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08:54 EDTFIVEFive Below Q4, FY15 guidance conservative, says Janney Capital
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