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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:32 EDTCHKPCheck Point view changed to Mixed from Positive at OTR Global
News For CHKP From The Last 14 Days
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February 11, 2016
07:24 EDTCHKPGoldman Sachs to hold a conference
Technology & Internet Conference is being held in San Francisco on February 9-11 with webcasted company presentations to be held on February 11 at 11 am. Webcast Link
January 29, 2016
10:56 EDTCHKPIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
January 28, 2016
11:33 EDTCHKPOptions with increasing call volume
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08:47 EDTCHKPCheck Point sees Q1 adjusted EPS 99c-$1.05, consensus $1.04
Sees Q1 revenue $395M-$410M, consensus $404.83M.
08:47 EDTCHKPCheck Point sees FY16 adjusted EPS $4.45-$4.60, consensus $4.55
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05:30 EDTCHKPCheck Point reports Q4 non-GAAP EPS $1.20, consensus $1.15
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