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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.
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November 23, 2015
16:04 EDTPANWPalo Alto reports Q1 EPS 35c, consensus 32c
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15:41 EDTPANWPalo Alto November weekly 172.5 straddle priced for 6.7% movement into Q1
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15:28 EDTPANWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Palo Alto (PANW), consensus 32c... Copart (CPRT), consensus 43c... Brocade (BRCD), consensus 24c... Post Holdings (POST), consensus 29c... YY (YY), consensus 82c... Dycom (DY), consensus $1.01... Cubic (CUB), consensus 96c... Enanta (ENTA), consensus 15c.
14:11 EDTPANWPalo Alto technical comments before earnings
The shares have recently completed a double bottom pattern, leaving them near the top of the recent trading range. That trading range is defined by a low at $150 and a high at $175. If the news is strongly bullish, a move above the top of the trading range would seem probable. Resistance levels to watch above $175 are at $178.74, $181.10, and $185.50. If the news is a negative disappointment, support levels to watch as potential downside objectives are at $167.28, $163.59, and 158.61.
09:02 EDTFTNTFortinet hires Tyson Macaulay as Chief Security Strategist
Fortinet announced that it has expanded its information security services with the appointment of security industry veteran Tyson Macaulay as Chief Security Strategist and vice president of consulting services. In this newly created role, Macaulay will be a trusted advisor to C-Level enterprise customers, helping them take a holistic approach to managing their data security environments in a threat landscape that is rapidly changing and evolving. Macaulay joins Fortinet from Intel Security, where he served as the Chief Technology Officer for Telecommunications Strategy and played an instrumental role in developing security solutions and sales channels through tier-1 carriers, service providers, and telecommunications equipment manufacturers.
07:25 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November weekly call option implied volatility is at 68, December is at 47; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on today.
November 20, 2015
15:22 EDTPANWPalo Alto volatility elevated into Q1 and outlook
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November 19, 2015
10:02 EDTFEYEFireEye November calls active on renewed takeover chatter
FireEye November calls 22.5 and 23 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover chatter. November call option implied volatility 74, December is at 54; compared to its 52-week range of 37 to 78. Active call volume suggests traders taking positions for large price movement.
07:15 EDTPANW, FTNTPalo Alto Fortinet seen as potential Cisco takeover targets, says Oppenheimer
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November 18, 2015
09:34 EDTFEYEActive equity options trading on open
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08:30 EDTCHKPCheck Point removed from US 1 List at BofA/Merrill
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07:59 EDTPFPTUBS to hold a conference
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November 17, 2015
16:08 EDTFEYESynopsys notifies on unauthorized access to web portal
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11:35 EDTSYMCFinancing backing Carlyle's purchase of Symantec's Veritas pulled, Reuters says
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08:16 EDTQLYSBTIG to hold a summit
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08:05 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November call option implied volatility is at 43, November weekly is at 69, December is at 54, January is at 46; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on November 23.
07:56 EDTFEYEUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:42 EDTPANWPalo Alto checks point to above-consensus Q1 results, says Stephens
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07:37 EDTPANWPalo Alto results should beat expectations, says RBC Capital
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November 16, 2015
06:13 EDTFEYECyberArk CEO: Lack of data breaches won't hurt company, Bloomberg says
CyberArk (CYBR) is distancing itself from FireEye (FEYE), saying that the lack of security breaches won't hurt the company, Bloomberg reports, citing comments from CyberArk CEO Udi Mokady. FireEye blamed a lull in cyber attacks for its downbeat quarterly earnings, the report says. "That is totally not the case in our world," Mokady said by phone from San Francisco last week. "It's not our business model -- our model is to put in private account security ahead of time, and we're seeing increased demand, increased awareness of that." Reference Link
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