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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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May 20, 2015
15:55 EDTFTNT, CUDACareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the companyís ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirstís websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirstís websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
08:41 EDTCUDA, FTNTCisco CFO sees potential for acquistions in security
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May 19, 2015
08:10 EDTCUDATech Data announces agreement with Barracuda Networks
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May 18, 2015
08:11 EDTFTNTFortinet signs CRADA with DHS
Fortinet announced that it has signed a Collaborative Research and Development Agreement, or CRADA, with the Department of Homeland Security, or DHS. With the CRADA in place, Fortinet can now share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions. The CRADA will allow Fortinet to participate in the Cyber Information and Sharing and Collaboration Program, or CISCP, which entails sharing cyber threat, incident, and vulnerability information in near real-time, drawing on data of observed threat activity submitted by CISCP participants.

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