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Stock Market & Financial Investment News

News Breaks
January 29, 2013
14:15 EDTCHKP, CHKP, CHKPCheck Point management to meet with Maxim
Group luncheon to be held in San Francisco on February 4 at 2:30 pm hosted by Maxim.
News For CHKP From The Last 14 Days
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April 22, 2015
07:12 EDTCHKPStephens to hold company meetings at conference
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April 21, 2015
10:00 EDTCHKPOn The Fly: Analyst Upgrade Summary
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09:01 EDTCHKPCheck Point upgraded on positive outlook at Argus
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08:40 EDTCHKPCheck Point price target raised to $100 from $85 at Needham
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07:39 EDTCHKPCheck Point upgraded to Buy from Hold at Argus
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06:21 EDTCHKPCheck Point price target raised to $98 from $92 at Citigroup
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April 20, 2015
14:44 EDTCHKPCheck Point price target raised to $96 from $91 at Jefferies
Jefferies increased its price target on Check Point after the company reported stronger than expected Q1 results. The firm thinks the results were solid, and it expects the company to continue to benefit from consolidation trends as customers reduce complexity and improve security. The firm predicts that the company's investments will yield returns this year and beyond, and it keeps a Buy rating on the shares.
14:11 EDTCHKPCheck Point price target raised to $97-$102 from $92-$97 at Wells Fargo
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12:35 EDTCHKPCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
10:03 EDTCHKPHigh option volume stocks
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09:18 EDTCHKPOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Morgan Stanley (MS), up 2.1%... Cliffs Natural (CLF), up 1.3%... Check Point Software (CHKP), up 1.1%. ALSO HIGHER: Genetic Technologies (GENE), up 28.2% after additional health centers to offer BREVAGenplus... Hanwha Q Cells (HQCL), up 16.2% following solar module supply agreement with NextEra Energy (NEE)... Provectus (PVCT), up 6.7% after receiving notice of allowance for PV-10 combined with other drugs. DOWN AFTER EARNINGS: Royal Caribbean (RCL), down 6.1%... FARO (FARO), down 16.4%. ALSO LOWER: Yandex (YNDX), down after Barron's recommends that investors take some profits... Carnival (CCL), down 2% after Royal Caribbean reported quarterly results.
08:52 EDTCHKPCheck Point sees Q2 EPS 90c-99c, consensus 94c
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08:25 EDTCHKPCheck Point announces new partnership with FireEye
Check Point (CHKP) and FireEye (FEYE) announced a partnership to share threat intelligence to protect customers from modern advanced attacks. As part of this cooperation, Check Point's ThreatCloud and Next Generation Threat Prevention solutions and the FireEye NX platform will share the latest threat intelligence in real-time, allowing customers to update firewall security policies dynamically based on the intelligence from both platforms.
05:27 EDTCHKPCheck Point reports Q1 EPS 95c, consensus 91c
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April 17, 2015
15:31 EDTCHKPNotable companies reporting before Monday's open
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14:19 EDTCHKPCheck Point May volatility elevated into Q1 and outlook
Check Point May call option implied volatility is at 26, July is at 21, October is at 19; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results on April 20.
April 12, 2015
18:11 EDTCHKPEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link

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