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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
Check below for free stories on CUDA;FEYE;CHKP;QLYS;PANW;FTNT;FFIV;PFPT;IMPV;SYMC the last two weeks.
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August 28, 2014
06:54 EDTSYMCSymantec coverage resumed with a Hold at Stifel
06:54 EDTFTNTFortinet coverage resumed with a Hold at Stifel
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06:54 EDTCHKPCheck Point coverage resumed with a Hold at Stifel
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August 27, 2014
18:38 EDTFEYEOn The Fly: After Hours Movers
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16:11 EDTFEYEFireEye initiated with a Buy at Stifel
Target $45.
07:43 EDTFFIVJefferies to hold a summit
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August 26, 2014
15:59 EDTFEYEFireEye volatility flat on wide price movement
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09:04 EDTFTNTFortinet plans to establish R&D center in Singapore
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August 25, 2014
11:39 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 20 call option implied volatility increased 2% to 65, FireEye (FEYE) December 34 call option implied volatility increased 5% to 63 according to IVolatility.
August 21, 2014
09:22 EDTFEYEFireEye has further downside, says Northland
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08:30 EDTFEYEFireEye valuation attractive, says Goldman
Goldman views Buy rated FireEye's share price as an attractive entry point for best-in-class growth, attractive positioning, reset expectations, and positive industry themes.
August 20, 2014
10:04 EDTFFIVOn The Fly: Analyst Upgrade Summary
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08:32 EDTFFIVF5 Networks upgraded at ISI Group
As noted earlier, ISI Group upgraded F5 Networks to Strong Buy from Buy. The firm thinks the company's positioning vis-a-vis NFN/SDN has improved, while its momentum from a number of growth drivers, including security, has increased. The firm is now more confident that the company's EPS could approach $7 in 2015. Target $135.
08:02 EDTPANWPalo Alto expands global distribution agreement with Westcon Group
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August 19, 2014
21:06 EDTFFIVF5 Networks upgraded to Strong Buy from Buy at ISI Group
11:27 EDTFEYEFireEye drops sharply, levels to watch
In the last 15 minutes the shares have taken a sharp turn lower, lead by a large block trade of 4.89M shares. At the current price of $27.96, the stock is down over 2.9%. Next support at current price is at $27.25. Resistance is at $28.81.
11:05 EDTIMPV, FFIV, CHKPImperva seen as takeover candidate under new CEO
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08:42 EDTIMPV, FFIV, CHKPImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
07:41 EDTIMPVImperva new CEO positive, says Oppenheimer
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06:17 EDTSYMCSymantec turns attention to smartphones, connected devices, WSJ reports
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