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Stock Market & Financial Investment News

News Breaks
January 3, 2013
15:09 EDTCSCO, CHKP, FTNT, PANW, FIRESecurity appliance shipments grew 1% in Q3, Channelnomics says
The security appliance market is growing incrementally but not at a great rate, as evidenced by worldwide factory revenue being up 5.7% year-over-year to just over $2B in 3Q12, while shipments grew only 1%, reported Channelnomics yesterday, citing IDCís Worldwide Quarterly Security Appliance Tracker. In Q3, Cisco (CSCO) led the security appliance market with 16.2% share, followed by Check Point (CHKP) with 12.8% share, followed by Fortinet (FTNT), Palo Alto Networks (PANW) and Sourcefire (FIRE), the report noted. Reference Link
News For CSCO;CHKP;FTNT;PANW;FIRE From The Last 14 Days
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July 23, 2014
05:39 EDTCHKPCheck Point reports Q2 EPS 89c, consensus 87c
Reports Q2 revenue $362.6M, consensus $359.45M.
July 22, 2014
15:07 EDTCSCOEarnings Preview: Microsoft to report after Nadella makes big job cuts
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13:25 EDTPANWEarnings Preview: Juniper sahres rise ahead of Q2 earnings report
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08:14 EDTCSCOCisco to establish Global IoE Innovation Center in Barcelona
Cisco and Barcelona City Council announced plans to open a Cisco Global IoE Innovation Center in Barcelona. The Innovation Center will provide a platform for research, technological development and new market opportunities related to the Internet of Everything for smart cities. The new 1,720 SQM Cisco center will be located at Ca l'Alier, a 19th century heritage building at the core of the 22@Barcelona district, as part of the new Smart City Campus. Based on its current plans, from 2015 to 2020, Cisco intends to invest close to $30M in the facilities' restoration, innovation lab, IT equipment, and talent acquisition primarily in engineering, application development and research.
July 17, 2014
07:21 EDTPANWPalo Alto price target raised to $105 from $90 at Pacific Crest
Pacific Crest increased its price target on Palo Alto as the firm touts what it sees as the company's strong fundamentals, fastest ramping profitability in enterprise IT and emerging opportunities. The firm keeps an Outperform rating on the shares.
July 16, 2014
13:06 EDTFTNT, PANWIT security stocks advance after upbeat Goldman note
Shares of a number of IT security stocks are rallying after Goldman Sachs wrote that it was upbeat on the sector in a note to investors today. WHAT'S NEW: Goldman Sachs analyst Matthew Niknam assumed coverage of the Security Software sector with an Attractive rating. Cyber threats have become larger and more costly, so many companies are increasing the amount of money they spend on IT security, Niknam wrote. Spending on security is increasing by the highest rate since 2010, the analyst estimated. Companies in the sector should see their free cash flow growth accelerate, while cash rich tech companies could become interested in carrying out M&A transactions with security vendors, the analyst predicted. Additionally, more mature companies in the sector should be able to buy back more of their shares going forward, Niknam believes. He identified Palo Alto (PANW) as his top pick in the space, as he believes that the company provides "the most unique blend of disruptive long-term growth and accelerating profitability." The company is poised to gain additional market share, while its growth going forward should beat expectations, Niknam stated. He raised his price target on the shares to $97 from $91 and kept a Conviction List-Buy rating on the stock. Meanwhile, the analyst upgraded another stock in the sector, FireEye (FEYE), to Buy from Neutral after assuming coverage of the shares. The company's status as the market leader in fighting Advanced Persistent Threats, or APTs, leaves it well-positioned in the current market, he contended. An IT survey indicates that most respondents plan to increase their APT-related spending, and 59% of the respondents say they plan to spend more money on solutions from a new vendor, Niknam reported. Furthermore, FireEye's revenue growth likely accelerated in Q2 and its revenue should beat expectations in 2014 and 2015, while the company's free cash flow should come in above consensus levels next year, Niknam predicted. FireEye may eventually be acquired by another company, according to Niknam, who raised his price target on the shares to $42 from $36. WHAT'S NOTABLE: Niknam initiated coverage of Proofpoint (PFPT) with a Buy rating as he predicted that the company's growth and free cash flow would beat expectations in the near-term and he believes that the company could also become a takeover target. The analyst started coverage of Fortinet (FTNT) with a Neutral rating. PRICE ACTION: In early afternoon trading, Palo Alto climbed 3% to $78.36, FireEye rose 3.5% to $34.99, Proofpoint climbed 3.6% to $34.46, and Fortinet rose 1% to $24.24.
10:24 EDTFTNTHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
10:00 EDTPANW, FTNTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Airlines (AAL) initiated with an Overweight at Atlantic Equities... Apple (AAPL) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Neutral at RW Baird... Brookdale Senior Living (BKD) initiated with a Buy at Goldman... CA Technologies (CA) initiated with a Market Perform at FBR Capital... Dresser-Rand (DRC) initiated with a Neutral at RW Baird... Fortinet (FTNT) initiated with a Neutral at Goldman... Frank's International (FI) initiated with a Hold at Jefferies... Home Bancorp (HBCP) initiated with an Outperform at Fig Partners... Key Energy (KEG) initiated with an Outperform at RW Baird... McDermott (MDR) initiated with a Neutral at Tigress Financial... ORBCOMM (ORBC) initiated with a Neutral at Macquarie... Oil States (OIS) initiated with an Outperform at RW Baird... PBF Energy (PBF) initiated with an Equal Weight at Barclays... Palo Alto (PANW) assumed with a Conviction Buy at Goldman... Proofpoint (PFPT) initiated with a Buy at Goldman... Qlik Technologies (QLIK) initiated with a Market Perform at FBR Capital... Radius Health (RDUS) initiated with a Buy at Canaccord... Seventy Seven Energy (SSE) initiated with a Hold at Jefferies... Superior Energy (SPN) initiated with an Outperform at RW Baird... Tandem Diabetes (TNDM) initiated with an Outperform at William Blair... Trecora Resources (TREC) initiated with a Buy at B. Riley... Ultragenyx (RARE) initiated with an Outperform at RW Baird... United Natural Foods (UNFI) initiated with an Outperform at Oppenheimer... Viper Energy (VNOM) initiated with a Market Perform at Northland... Whiting Petroleum (WLL) initiated with a Buy at Tigress Financial.
05:52 EDTPANWPalo Alto assumed with a Conviction Buy at Goldman
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05:47 EDTFTNTFortinet initiated with a Neutral at Goldman
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05:44 EDTCHKPCheck Point assumed with a Neutral at Goldman
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July 15, 2014
08:48 EDTPANWPalo Alto outlook has improved, says JMP Securities
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08:35 EDTCSCOCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
05:53 EDTCSCOStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.
July 10, 2014
11:09 EDTFTNTOptions with increasing implied volatility
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09:32 EDTCHKPCheck Point view changed to Mixed from Positive at OTR Global
July 9, 2014
11:51 EDTFTNTOptions with increasing implied volatility:
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08:29 EDTFTNTFortinet results poised to beat expectations, says Sterne Agee
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07:14 EDTCSCOTech Data announces U.S. distribution agreement with Cisco
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05:53 EDTFTNTStocks with implied volatility movement; VRS FTNT
Stocks with implied volatility movement; Verso Paper (VRS) 199, Fortinet (FTNT) 48 according to iVolatility.

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