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Stock Market & Financial Investment News

News Breaks
July 24, 2014
12:36 EDTJNPR, FTNT, CUDAAnalyst says Barracuda weakness may be based on misunderstanding
Shares of IT security company Barracuda Networks (CUDA) are lower this afternoon and the slide has been attributed to comments by another company in the sector, Fortinet (FTNT), but investors may be misinterpreting Fortinet's remarks, JPMorgan wrote in a note to investors earlier today. WHAT'S NEW: During its earnings conference call last night, Fortinet talked about focusing on midmarket corporate customers, JPMorgan analyst Sterling Auty wrote in a note to investors earlier today. As a result, investors may believe that Barrcauda, which focuses on that market, could encounter increased competition, Auty stated. However, Barrcauda and Fortinet are both benefiting as older companies - including Juniper (JNPR) and Dell - reduce their focus on the mid-market, the analyst contended. Additionally, Fortinet is focusing more on larger companies with up to 10,000 employees, while Barracuda continues to focus on companies with less than 5,000 employees, according to Auty. He kept a $39 price target and Overweight rating on Barracuda. PRICE ACTION: In early afternoon trading, Barracuda fell 4.5% to $28.98. Fortinet, which reported better than expected revenue and profits and saw its price target raised by several firms, advanced 7% to $25.69.
News For CUDA;FTNT;JNPR From The Last 14 Days
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March 27, 2015
10:03 EDTJNPROn The Fly: Analyst Initiation Summary
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March 26, 2015
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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March 23, 2015
10:08 EDTFTNTHigh option volume stocks
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March 20, 2015
15:40 EDTCUDA, FTNTMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 18, 2015
08:08 EDTFTNTFortinet price target raised to $39 from $35 at Oppenheimer
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