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Stock Market & Financial Investment News

News Breaks
July 24, 2014
10:56 EDTFTNT, CUDABarracuda Networks pullback may be due to misinterpretation, says JPMorgan
JPMorgan says the sell-off in shares of Barracuda Networks (CUDA) could be due to investors misinterpreting comments from Fortinet (FTNT). The firm believes Fortinet's comments regarding focusing on the midmarket may be getting viewed as increased competition against Barracuda. JPMorgan, however, thinks both Fortinet and Barracuda are benefiting from legacy providers focusing less on the midmarket. The firm keeps an Overweight rating on Barracuda with a $39 price target.
News For CUDA;FTNT From The Last 14 Days
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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
March 18, 2015
08:08 EDTFTNTFortinet price target raised to $39 from $35 at Oppenheimer
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