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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:15 EDTCHKP, PFPT, PANW, FEYE, SYMC, FFIV, QLYS, CUDA, IMPV, FTNTBarracuda 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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June 24, 2015
11:16 EDTFFIVOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
10:00 EDTFTNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
09:35 EDTFEYEActive equity options trading on open
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09:10 EDTFTNTOn The Fly: Pre-market Movers
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08:54 EDTPFPT, FTNT, PANW, FEYEFortinet downgraded to Neutral from Buy at Citi
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06:53 EDTFTNTFortinet downgraded to Neutral from Outperform at Baird
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June 22, 2015
10:19 EDTPANW, SYMC, FTNT, FEYEAnalyst says get more selective on cybersecurity stocks
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10:00 EDTCUDAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Akebia (AKBA) initiated with an Outperform at JMP Securities... Barracuda Networks (CUDA) initiated with a Buy at Summit Research... BioLineRx (BLRX) initiated with an Outperform at JMP Securities... Cabela's (CAB) initiated with an Outperform at Barrington... Chemours (CC) initiated with a Buy at Jefferies... Communications Sales & Leasing (CSAL) initiated with an Overweight at JPMorgan... E.W. Scripps (SSP) initiated with a Hold at Evercore ISI... EQT Corporation (EQT) reinstated with an Overweight at Barclays... EQT GP (EQGP) initiated with an Outperform at Credit Suisse... EQT Midstream Partners (EQM) initiated with a Buy at Deutsche Bank... Eagle Pharmaceuticals (EGRX) initiated with an Outperform at RBC Capital... Energen (EGN) initiated with a Buy at KLR Group... Ignyta (RXDX) initiated with an Overweight at Piper Jaffray... International Game (IGT) initiated with a Buy at BofA/Merrill... Leju (LEJU) initiated with an Overweight at Barclays... Micron (MU) initiated with an Outperform at Cowen... People's Utah Bancorp (PUB) initiated with a Buy at DA Davidson... SouFun (SFUN) initiated with an Overweight at Barclays... Turquoise Hill (TRQ) initiated with an Outperform at BMO Capital.
10:00 EDTFEYE, SYMCOn The Fly: Analyst Downgrade Summary
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09:40 EDTFEYEActive equity options trading on open
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07:01 EDTFEYEFireEye identifies Chinese group responsible for Federal hack, Re/code reports
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05:56 EDTFTNTFortinet price target raised to $49 from $43 at UBS
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05:55 EDTPANWPalo Alto price target raised to $206 from $180 at UBS
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05:48 EDTSYMCSymantec downgraded to Sell from Neutral at UBS
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05:45 EDTFEYE, FTNT, PANW, SYMCFireEye downgraded to Neutral from Buy at UBS
UBS analyst Brent Thill downgraded FireEye (FEYE) to Neutral citing the stock's 70% rally year-to-date. Hill, however, raised his price target for name to $55 from $50. Shares of the cybersecurity provider closed Friday down 58c to $53.65. Hill also downgraded Symantec (SYMC) this morning to Sell. In the cybersecurity space, he keeps Buy ratings on Palo Alto Networks (PANW) and Fortinet (FTNT).
05:32 EDTCUDABarracuda Networks initiated with a Buy at Summit Research
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June 19, 2015
08:31 EDTFTNTFortinet adds Oracle Chief Marketing Officer Judith Sim to board
Fortinet (FTNT) announced that Judith Sim, Chief Marketing Officer at Oracle (ORCL), is joining Fortinet's board, effective June 22.
June 18, 2015
07:48 EDTPANWPalo Alto price target raised to $200 from $180 at RBC Capital
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07:26 EDTIMPVImperva price target raised to $75 from $59 at Stephens
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June 17, 2015
11:47 EDTFTNT, FEYE, PANWCyberArk rises after Merrill hikes target noting strong security trends
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