New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:15 EDTPFPT, PANW, FEYE, SYMC, FFIV, QLYS, CUDA, IMPV, FTNT, CHKPBarracuda 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
May 14, 2015
19:02 EDTSYMCOn The Fly: After Hours Movers
Subscribe for More Information
17:27 EDTSYMCSymantec 'on track' to separate Veritas as stand alone company on Jan. 2, 2016
Subscribe for More Information
16:04 EDTSYMCSymantec sees Q1 adjusted operating margin 27%-28%
Subscribe for More Information
16:03 EDTSYMCSymantec sees FY16 EPS $1.80-$1.90, consensus $1.90
Subscribe for More Information
16:02 EDTSYMCSymantec sees Q1 EPS 41c-44c, consensus 45c
Sees Q1 revenue $1.5B-$1.54B, consensus $1.62B
16:01 EDTSYMCSymantec reports Q4 adjusted EPS 43c, consensus 44c
Subscribe for More Information
15:08 EDTSYMCSymantec May volatility elevated on wide price movement
Subscribe for More Information
15:01 EDTSYMCNotable companies reporting after market close
Subscribe for More Information
14:01 EDTFEYEFireEye currently unwilling to consider sale, Re/code reports
After Cisco (CEO) John Chambers said last night on the company Q3 conference call that he "wouldn't bet on" the rumor that his company was targeting an acquisition of FireEye (FEYE), Re/code's Arik Hesseldahl added that FireEye is not for sale in any case. The security company's management would not be willing to entertain takeover offers before it reaches $1B in annual revenue, sources familiar with the matter told Hesseldahl. Reference Link
11:59 EDTCHKPCheck Point management to meet with Jefferies
Subscribe for More Information
08:52 EDTPANWPalo Alto Q3 checks positive, says Stephens
Stephens said its checks have come back positive during Palo Alto's Q3 have been positive, leading the firm to expect the company's results to top consensus expectations. Stephens keeps its Overweight rating and $170 price target on Palo Alto shares.
08:21 EDTPFPT, SYMC, PANW, FEYEFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.
07:56 EDTIMPVImperva outlook has improved, says RBC Capital
After marketing with Imperva's management, RBC Capital is more upbeat on the company's outlook. The firm thinks Imperva's management looks confident, while its end market has improved and it remains well-positioned within the sector. RBC keeps a $61 price target and Outperform rating on the shares.
06:46 EDTIMPVImperva price target raised to $66 from $57 at Piper Jaffray
Piper Jaffray raised its price target for Imperva to $66 after meetings with management gave it increased conviction in the company's Q2 results as well as its longer-term belief that the company is one of the best positioned vendors. Piper views the stock's valuation as "relatively cheap" and reiterates an Overweight rating on the name.
May 13, 2015
18:04 EDTFEYECisco CEO says don't bet on talk of FireEye acquisition
Subscribe for More Information
10:32 EDTFEYEFireEye calls active on renewed takeover chatter
Subscribe for More Information
10:20 EDTFEYERumor: FireEye moves up on renewed takeover chatter
Subscribe for More Information
07:21 EDTQLYS, PFPTCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
May 11, 2015
10:32 EDTIMPVImperva management to meet with Piper Jaffray
Meeting to be held in New York on May 12 hosted by Piper Jaffray.
06:30 EDTFFIVF5 Networks management to meet with SunTrust
Meeting to be held in Seattle on May 11 hosted by SunTrust.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use