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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:15 EDTCUDA, IMPV, PFPT, FFIV, FTNT, PANW, QLYS, CHKP, FEYE, SYMCBarracuda 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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September 11, 2014
07:29 EDTPANWDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
06:35 EDTFFIVF5 Networks price target raised to $150 from $135 at Deutsche Bank
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06:24 EDTPANWPalo Alto initiated with a Buy at Roth Capital
Target $120.
September 10, 2014
10:00 EDTIMPVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
09:22 EDTIMPV, PANWOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
08:39 EDTIMPVImperva upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded Imperva to Outperform from Perform. The firm's mid-quarter checks indicate that the company is tracking ahead of guidance, while its execution is improving and it is benefiting from growing threats, according to the firm. Target $39.
08:31 EDTPANWRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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08:27 EDTPANWPalo Alto price target raised to $120 from $90 at JMP Securities
JMP Securities raised Palo Alto's price target to $120 following the strong Q4 report and guidance. Shares are Outperform rated.
08:17 EDTPANWPalo Alto price target raised to $105 from $90 at FBR Capital
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07:51 EDTPANWPalo Alto price target raised to $101 from $93 at UBS
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07:31 EDTPANWPalo Alto price target raised to $110 from $100 at RW Baird
Baird raised its price target on Palo Alto to $110 from $100 following the company's impressive Q4 results, citing raised guidance, strength in the APT market, and new products. The firm keeps its Outperform rating on shares of Palo Alto.
07:24 EDTSYMCSymantec coverage assumed with a Neutral at MKM Partners
Target $24.
06:11 EDTIMPVImperva upgraded to Outperform from Perform at Oppenheimer
September 9, 2014
18:31 EDTPANWOn The Fly: After Hours Movers
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17:21 EDTPANWPalo Alto up almost 5% to $93.59 after reporting Q4 results and guidance
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16:08 EDTPANWPalo Alto sees Q1 EPS approximately 12c, consensus 12c
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16:07 EDTPANWPalo Alto reports Q4 EPS 11c, consensus 11c
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15:32 EDTPANWPalo Alto September weekly 89 straddle priced for 6.7% move into Q4
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15:30 EDTPANWNotable companies reporting after market close
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11:12 EDTPANWPalo Alto weekly volatility elevated into Q4 and outlook
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