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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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November 26, 2014
11:08 EDTCUDA, FTNTSony Pictures hack highlights need for more IT security spending, analyst says
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November 25, 2014
13:49 EDTCUDAPalo Alto rallies after results beat expectations
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November 24, 2014
07:18 EDTCUDABarracuda Networks growth accelerating, says Pacific Crest
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November 20, 2014
11:05 EDTFTNTStephens hosts a conference call with Fortinet
Conference call with CEO Xie and CFO Del Matto is being held on November 21 at 2 pm.
07:19 EDTFTNTUBS to hold a conference
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November 19, 2014
07:40 EDTJNPRUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 17, 2014
06:48 EDTCUDA, FTNTState Department hacked, NY Times reports
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