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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
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July 16, 2014
05:47 EDTFEYEFireEye assumed with a Buy from Neutral at Goldman
Goldman upgraded FireEye to Buy after assuming coverage of the stock and raised its price target for shares to $42 from $36. Goldman believes FireEye is positioned as the market leader in battling Advanced Persistent Threats.
05:44 EDTCHKPCheck Point assumed with a Neutral at Goldman
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July 15, 2014
09:31 EDTSYMCSenate Judiciary Committee to hold a hearing
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08:53 EDTFFIVF5 Networks poised to report strong Q2 results, says Pacific Crest
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08:48 EDTPANWPalo Alto outlook has improved, says JMP Securities
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07:24 EDTPFPTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
July 14, 2014
15:20 EDTSYMCFormer Symantec CEO joins Bain Capital, WSJ reports
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07:48 EDTFFIVEstimates for F5 Networks likely to rise, says BMO Capital
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July 11, 2014
09:09 EDTCUDAOn The Fly: Pre-market Movers
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08:09 EDTPFPTProofpoint shares should be bought ahead of results, says Pacific Crest
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07:24 EDTCUDABarracuda Networks management to meet with JPMorgan
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July 10, 2014
18:35 EDTCUDAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Joe's Jeans (JOEZ), up 15.5% after reporting second quarter results above analyst estimates... Barracuda Networks (CUDA), up 2.2% after reporting quarterly results and guidance... DOWN AFTER EARNINGS: PriceSmart (PSMT), down 3.7% after reporting third quarter revenue below analyst estimates... Rent-A-Center (RCII), down 11% after reporting disappointing preliminary second quarter results. ALSO LOWER: Gap (GPS), down 2% after reporting June Same Store Sales down 2%... Arotech (ARTX), down 5.6% after filing an automatic common stock shelf... NOTABLE: MGIC Investment (MTG), down 4.8% and Radian Group (RDN), down 3.8% following the FHFA proposal to tighten capital rules for mortgage insurers.
16:59 EDTCUDABarracuda Networks sees FY15 EPS 14c-18c, consensus 14c
Sees FY15 revenue $270M-$274M, consensus $270.27M.
16:55 EDTCUDABarracuda Networks sees Q2 EPS 3c-4c, consensus 3c
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16:18 EDTCUDABarracuda Networks reports Q1 EPS 7c, consensus 3c
Reports Q1 revenue $66.21M, consensus $64.38M.
15:40 EDTSYMCSymantec calls active on renewed interest from private equity
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15:26 EDTSYMCSymantec is seeing renewed interest from private equity, says dealReporter
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15:13 EDTCUDANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include PriceSmart (PSMT), consensus 69c; Barracuda Networks (CUDA), consensus 3c; Zep, Inc. (ZEP), consensus 39c; VOXX (VOXX), consensus 6c; Joe's Jeans (JOEZ), consensus (3c); Ceres (CERE), one estimate (32c).
11:09 EDTFTNTOptions with increasing implied volatility
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09:32 EDTCHKPCheck Point view changed to Mixed from Positive at OTR Global
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