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Stock Market & Financial Investment News

News Breaks
July 24, 2014
12:36 EDTCUDA, FTNT, JNPRAnalyst 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
Check below for free stories on CUDA;FTNT;JNPR the last two weeks.
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September 18, 2014
08:37 EDTCUDABarracuda Networks' SignNow platform adopted by New England Patriots
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September 17, 2014
10:00 EDTCUDAOn The Fly: Analyst Initiation Summary
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06:14 EDTCUDABarracuda Networks initiated with a Neutral at DA Davidson
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September 10, 2014
07:53 EDTJNPRDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link

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