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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:15 EDTPANW, FEYE, SYMC, FFIV, QLYS, CUDA, IMPV, FTNT, CHKP, PFPTBarracuda rallies after results beat expectations
Shares of IT security company Barracuda Networks (CUDA) are climbing after the company's fourth quarter revenue and earnings per share exceeded analysts' expectations. WHAT'S NEW: Barracuda reported fourth quarter earnings per share, excluding certain items, of 6c, compared with analysts' consensus estimate of 1c. The company's revenue was slightly higher than expected. "We made good progress in the fourth quarter across all of our markets and product categories, especially our higher growth market categories of network and application security and storage, which are becoming larger portions of our overall business," said Barracuda CEO BJ Jenkins. "During the quarter, we added over 7,900 new active subscribers, ending our fiscal year with more than 205,000 active subscribers. In addition to adding new customers, we also made good progress with our installed-base selling initiatives, accelerating growth in the number of multi-product customers," he added. ANALYST REACTION: Barrcuda's new products are enabling it to grow and the company is successfully convincing its existing customers to buy more products, wrote JMP Securities analyst Erik Suppiger in a note to investors earlier. The stock's valuation is attractive, added Suppiger, who reiterated a $43 price target and Outperform rating on the stock. OTHERS TO WATCH: Other publicly traded IT security companies include Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Barracuda surged 8.9% to $30.15.
News For CUDA;FEYE;CHKP;QLYS;PANW;FTNT;FFIV;PFPT;IMPV;SYMC From The Last 14 Days
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November 11, 2014
10:00 EDTSYMC, QLYS, PANW, PFPT, CHKP, IMPV, CUDA, FEYE, FTNTOn The Fly: Analyst Initiation Summary
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07:19 EDTPANW, IMPV, CUDABarracuda, Imperva, Palo Alto should be bought, says Pacific Crest
Pacific Crest recommends buying Barracuda (CUDA), Imperva (IMPV), and Palo Alto (PANW), as the firm expects IT security to continue growing strongly. The firm thinks the companies named have compelling margins and free cash flow.
06:46 EDTQLYSQualys to host investor meeting
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06:36 EDTIMPVImperva initiated with an Outperform at Macquarie
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06:11 EDTSYMCSymantec initiated with a Neutral at Macquarie
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06:10 EDTQLYSQualys initiated with an Underperform at Macquarie
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06:10 EDTPFPTProofpoint initiated with an Outperform at Macquarie
Target $48.
06:10 EDTPANWPalo Alto initiated with an Outperform at Macquarie
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06:10 EDTFEYEFireEye initiated with a Neutral at Macquarie
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06:10 EDTCUDABarracuda Networks initiated with an Outperform at Macquarie
Target $35.
06:10 EDTCHKPCheck Point initiated with an Outperform at Macquarie
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06:10 EDTFTNTFortinet initiated with a Neutral at Macquarie
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November 10, 2014
15:43 EDTPANW, IMPVAmerican Petroleum Institute to hold a conference
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14:38 EDTFEYE, CUDA, QLYS, IMPV, FTNT, PFPT, FFIV, CHKP, PANW, SYMCU.S. Postal Service suffered cyberattack, NY Times reports
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13:30 EDTFFIVF5 Networks volatility low into investor day
F5 Networks November weekly call option implied volatility is at 32, November is at 28, December and January is at 26; compared to its 26-week average of 33 according to Track Data, suggesting non-directional near term price movement into a company sponsored investor meeting on November 13.
12:42 EDTFEYEFireEye details hack attack found on Apple operating system
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12:39 EDTFEYEFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:30 EDTFEYEFireEye advances after JPMorgan adds to Focus List
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07:30 EDTFEYEFireEye added to Focus List, Akamai removed at JPMorgan
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07:23 EDTQLYSRBC Capital to hold a conference
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