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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:15 EDTIMPV, FTNT, CHKP, PFPT, PANW, FEYE, SYMC, FFIV, QLYS, CUDABarracuda 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 20, 2014
11:05 EDTFTNTStephens hosts a conference call with Fortinet
Conference call with CEO Xie and CFO Del Matto is being held on November 21 at 2 pm.
10:55 EDTFEYEFireEye December calls active
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08:00 EDTPANWPalo Alto Q1 business looks to be beating consensus, says Oppenheimer
Oppenheimer believes that its checks suggest that Palo Alto's business is tracking ahead of consensus estimates. The firm thinks the company has continued strength across all core products and geographies. It raised its price target on the name to $120 from $115 and keeps an Outperform rating.
07:19 EDTFTNTUBS to hold a conference
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November 19, 2014
09:01 EDTPFPT, PANW, FEYEBig data for security could reach $4B-$5B, says FBR Capital
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07:51 EDTFEYEClearing House Payments Company to hold a conference
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07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTCHKP, SYMC, FFIV, FEYEUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
10:15 EDTPANWPalo Alto price target raised to $120 from $110 at Imperial Capital
Imperial Capital raised its price target for Palo Alto Networks to $120 ahead of the company's Q1 results and keeps an Outperform rating on the stock. The firm says Palo is "emerging as a dominant player in security."
07:36 EDTPFPTUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
07:21 EDTPANWPalo Alto price target raised to $125 from $105 at Stephens
Stephens said it expects Palo Alto's Q1 results to beat consensus estimates, citing the firm's positive channel checks. The firm, which believes Palo Alto is continuing to take market share, raised its price target on the stock to $125 from $105 and maintains its Overweight rating on the shares.
November 17, 2014
21:08 EDTPFPTProofpoint management to meet with William Blair
Meetings to be held in Canada on November 20-21 hosted by William Blair.
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTFFIV, CHKP, FTNT, FEYE, SYMC, QLYS, IMPV, CUDA, PANW, PFPTState Department hacked, NY Times reports
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05:29 EDTIMPVImperva downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Imperva to Neutral citing the recent outperformance of shares. The firm raised its price target for the stock to $45 from $42.
November 16, 2014
19:34 EDTPANW, FEYE, CHKP, SYMCFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
07:46 EDTFEYEFireEye growth outlook has improved, says Wells Fargo
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November 13, 2014
12:12 EDTFFIVF5 Networks sees product revenue growth throughout FY15
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12:08 EDTFFIVF5 Networks repeats Q1 EPS view $1.46-$1.49, consensus $1.49
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11:14 EDTFFIVF5 Networks 'positioned better than ever,' says Cantor
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