New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 25, 2013
13:34 EDTTPX, MDRX, ISRG, FFIV, CREEStocks with decreasing implied volatility; CREE ISRG TPX FFIV MDRX
News For CREE;ISRG;TPX;FFIV;MDRX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 29, 2015
09:29 EDTTPXWholesale mattress sales dollars grew 4.7% in April, ISPA says
Subscribe for More Information
May 28, 2015
14:22 EDTISRGLeerink medical devices analyst holds an analyst/industry conference call
Subscribe for More Information
13:08 EDTFFIVCybersecurity stocks rise after Palo Alto results, IRS security breach
Shares of cybersecurity firms are trading higher on an otherwise down day after Palo Alto Networks (PANW) reported third quarter financial results that surpassed analysts' expectations amidst a reported breach at the Internal Revenue Service that is seen compromising the security of more than 100,000 U.S. taxpayers. WHAT'S NEW: Wednesday night, Palo Alto reported Q3 earnings per share of 23c and revenue of $234.17M, surpassing analysts' consensus estimates of 20c and $223.22M, respectively.The company also gave in-line guidance for Q4 EPS and Q4 revenue guidance that surpassed analysts' expectations. WHAT'S NOTABLE: On Wednesday, the IRS said nearly 100,000 taxpayers had their accounts accessed in a cyber breach. The IRS announced that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through the IRS’s "Get Transcript" application. This data included Social Security information, dates of birth and street addresses. ANALYST REACTION: This morning, Palo Alto had its price target raised by a number of Wall Street firms including JMP Securities, which increased its price target to $210 from $200. JMP Securities increased its price target on Palo Alto after the company reported stronger than expected Q3 results. The firm thinks the results reinforce its thesis that Palo Alto will become the market share leader in the network security market over time. The firm kept its Outperform rating on the shares. PRICE ACTION: In midday trading, shares of Palo Alto Networks are up over 4%, FireEye (FEYE) shares are up nearly 4%, Fortinet (FTNT) is up almost 1.3%, and Check Point (CHKP) is higher by 1.3%. OTHERS TO WATCH:Other companies in the cybersecurity space include Barracuda Networks (CUDA), F5 Networks (FFIV), Imperva (IMPV), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
06:56 EDTCREESolar stock weakness seems overdone, says JPMorgan
JPMorgan attributes the 7% selloff in Tier-1 solar company stocks since May 15 to negative news from Yingli (YGE) and Hanergy Thin Film. The firm believes Yingli's issues are company-specific and that Trina Solar (TSL) results are a better barometer for the solar industry than Yingli and Hanergy. The firm's top picks in Alternative Energy are Canadian Solar (CSIQ) and SolarCity (SCTY). It also has Overweight ratings on Cree (CREE), Enphase Energy (ENPH) and Veeco (VECO).
May 26, 2015
20:50 EDTFFIVBernstein to hold a conference
Subscribe for More Information
20:47 EDTFFIVDA Davidson to hold a conference
7th Annual 1:1 Technology Forum is being held in New York on May 27 with webcasted company presentations to begin at 8:15 am; not all company presentations may be webcasted. Webcast Link
09:54 EDTFFIVAnalysts bullish on two Internet security players
Subscribe for More Information
08:08 EDTMDRXAllscripts signs agreement to deploy its PAS in the U.K.
Subscribe for More Information
May 21, 2015
09:58 EDTCREEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:23 EDTCREE, CREECree upgraded to Underperform from Sell at CLSA
Subscribe for More Information
07:16 EDTTPXLongbow to hold a conference
Subscribe for More Information
May 20, 2015
15:55 EDTFFIVCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the company’s ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirst’s websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirst’s websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
08:41 EDTFFIVCisco CFO sees potential for acquistions in security
Subscribe for More Information
May 19, 2015
09:58 EDTTPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ascena Retail (ASNA) upgraded to Outperform from Market Perform at FBR Capital... Enphase Energy (ENPH) upgraded to Strong Buy from Buy at Needham... Fifth Third (FITB) upgraded on Vantiv outlook at Oppenheimer... Hortonworks (HDP) upgraded to Overweight from Equal Weight at Barclays... MasterCard (MA) upgraded to Overweight from Sector Weight at Pacific Crest... NetEase.com (NTES) upgraded to Buy from Neutral at Citigroup... Panera Bread (PNRA) upgraded to Outperform from Market Perform at Cowen... Potash (POT) upgraded to Market Perform from Underperform at Cowen... Reed Elsevier (RUK) upgraded to Buy from Neutral at Goldman... Royal Caribbean (RCL) upgraded to Overweight from Neutral at JPMorgan... Sysco (SYY) upgraded at Credit Suisse... THL Credit (TCRD) upgraded to Buy from Hold at Deutsche Bank... Take-Two (TTWO) upgraded to Buy from Neutral at Sterne Agee CRT... Tempur Sealy (TPX) upgraded on Sealy gross margin improvement at Longbow... TriState Capital (TSC) upgraded to Outperform from Market Perform at Keefe Bruyette... Xilinx (XLNX) upgraded to Overweight from Sector Weight at Pacific Crest.
07:41 EDTTPXTempur Sealy upgraded on Sealy gross margin improvement at Longbow
As previously reported, Longbow upgraded Tempur Sealy to Buy from Neutral. The firm believes the new CEO will accelerate Sealy gross margins and focus on better procurement, plant consolidations, and higher first pass scrap yields, among other improvements. Longbow predicts Sealy gross margins to reach 33% in FY16, a year ahead of management's goal, and established a $73 price target on the shares.
06:10 EDTTPXTempur Sealy upgraded to Buy from Neutral at Longbow
May 18, 2015
18:26 EDTMDRXAllscripts cuts 250 jobs, Crain's says
Subscribe for More Information
13:41 EDTCREECree sees Franco Plastina becoming CEO of Power and RF business post-IPO
In a regulatory filing earlier, Cree reported that on May 5, its board of directors appointed Franco Plastina as the company’s interim EVP, Power & RF, effective June 8. The company additionally noted that it expects Plastina to serve as CEO of Cree Power & RF Division upon the completion of its previously announced initial public offering. Plastina is presently a member of the company’s board, on which he has served since December 2007. Since May 2012, Plastina has served as president and founder of Arc & Company, an advisory and angel investment firm.
08:35 EDTCREECree submits registration statement for IPO of Power and RF Business
Cree announced that Cree’s wholly owned Power and RF subsidiary has submitted a draft registration statement on a confidential basis to the SEC for a potential initial public offering of the subsidiary’s class A common stock. The type and number of shares of stock to be sold and the price range for the proposed initial public offering has not yet been determined, although Cree intends to remain the majority stockholder of the subsidiary post offering. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The Power and RF subsidiary is raising capital to invest directly in the business to support targeted future growth. The offering would enable Cree management to focus on Cree’s LED and Lighting businesses, while also creating a dedicated focus on the Power and RF business. The company believes that this transaction should allow Cree shareholders to better realize the full value of both businesses, the company said.
07:27 EDTCREEJPMorgan to hold a conference
Subscribe for More Information
1 | 2 | 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