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Stock Market & Financial Investment News

News Breaks
February 10, 2014
04:55 EDTDTLK, DTLK, DTLK, FRP, FRP, FRP, SALE, SALE, SALE, CCMP, CCMP, CCMP, PMCS, PMCS, PMCS, NATI, NATI, NATI, HCOM, HCOM, HCOM, CKEC, CKEC, CKEC, SPDC, SPDC, SPDC, EXAR, EXAR, EXAR, PFPT, PFPT, PFPTStifel to hold a conference
Technology, Internet & Media Conference is being held in San Francisco on February 10-12.
News For DTLK;EXAR;SPDC;CKEC;HCOM;NATI;PMCS;CCMP;SALE;FRP;PFPT From The Last 14 Days
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August 27, 2015
11:15 EDTCKECCarmike Cinemas shares oversold according to a Seeking Alpha Pro article
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August 25, 2015
07:35 EDTCCMPJefferies hosts a summit
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August 24, 2015
14:42 EDTPMCSPMC-Sierra says long-term model is for 69%-71% gross margin
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14:21 EDTPFPTJMP Securities says pullback in Palo Alto a buying opportunity
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08:41 EDTSPDCSpeed Commerce extends relationship with TABcom through 2019
Speed Commerce announced that TABcom, parent company of Dog.com and Horse.com, has signed an agreement to extend fulfillment and customer care services through 2019.
August 20, 2015
11:45 EDTNATIKeysight Technologies soars after Q3 results, FY15 guidance top estimates
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August 19, 2015
07:34 EDTCCMPITG Research to hold a conference
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August 18, 2015
16:46 EDTFRPFairPoint accepts $13.3M in CAF funding to expand broadband service in Maine
FairPoint Communications announced it has accepted $13.3M in annual support from the Federal Communications Commission's Phase II of the Connect America Fund for the state of Maine. By accepting these funds, the Company is committing to construct and operate network infrastructure and offer broadband service speeds of at least 10 Mbps download and 1 Mbps upload to approximately 35,500 locations in Maine. The support program and the FairPoint commitment run over six years.
16:43 EDTFRPFairPoint accepts $4.4M to expand broadband service in New Hampshire
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16:40 EDTFRPFairPoint settles with Vermont Department of Public Service
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16:29 EDTFRPFairPoint backs FY15 Unlevered Free Cash Flow guidance of $115M-$125M
For fiscal 2015, FairPoint expects that it will no longer be eligible to receive its current high cost voice support of $39.3M, subject to certain transition rules. The net impact of no longer receiving this revenue while accepting $37.4M in CAF II funding as well as $7.4M in transitional support will be offset by incremental spending associated with CAF Phase II in 2015. As a result, the company is maintaining its guidance for Unlevered Free Cash Flow of $115M-$125M for the year, adjusted for Estimated Avoided Costs in the first quarter, and, despite a higher capital plan following acceptance of CAF II funding, continues to expect its annual capital expenditures to be less than $120M in 2015. Unlevered Free Cash Flow refers to Adjusted EBITDA minus capital expenditures, pension contributions and cash payments for other post-employment benefits.
16:28 EDTFRPFairPoint accepts $37.4M in annual support from FCC
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09:51 EDTPFPTFireEye called top-tier security vendor in new upgrade
Shares of FireEye (FEYE) are getting a boost after Imperial Capital highlighted the company's "significant progress" when upgrading its rating on the name. California-based FireEye is a provider of cybersecurity solutions. UPGRADE: Imperial Capital analyst Michael Kim upgraded FireEye to Outperform from In-Line this morning in a note to investors, citing a favorable risk/reward at current share levels. The stock trades at the lower valuation end of similar high-growth security vendors, Kim tells investors in a research note. He believes FireEye is making "significant progress" on driving higher sales productivity and margin expansion. Ramping global adoption of the company's platform has made FireEye a top-tier security vendor, Kim argues. He raised his price target for shares to $55 from $45.50. NOT ALONE: Kim is not alone in recommending stocks in the cybersecurity space. Analysts at Piper Jaffray and Wells Fargo last week highlighted security names that they view as attractive investments. CyberArk Software (CYBR), Barracuda Networks (CUDA) and Fortinet (FTNT) were among the stocks recommended by the firms. Piper Jaffray analyst Andrew Nowinski said the recent pullback in the sector is an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda, CyberArk, Fortinet and Palo Alto Networks (PANW), he told investors last week. Wells Fargo analyst Gray Powell last week upgraded Israel-based CyberArk to Outperform from Market Perform saying the company's billings growth as well as its sales and marketing efficiencies are "exceeding peers by a wide margin. HACKS CONTINUE: High-profile cyber attacks continue with the Internal Revenue Service yesterday raising the number of accounts that were compromised in a data breach earlier this year. In May, the IRS revealed that 114,000 tax accounts through its "Get Transcript" application were exposed to thieves. Yesterday, the agency said a recent review revealed approximately 220,000 additional tax accounts may have been breached, bringing the total number of victims up to 334,000. Shares of FireEye are up 56c to $44.21 in early trading. CyberArk is up 13c to $60.06 while Proofpoint (PFPT), a company focused on securing email communication, is up 16c to $65.06.
August 17, 2015
14:27 EDTPFPTIRS says cyber attack larger than originally thought, AP says
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13:11 EDTSALEAlibaba unlikely to make competing offer for zulily, say Baird
zulily (ZU) shareholder Alibaba (BABA) is unlikely to make a competing takeover bid for the online retailer, Baird analyst Colin Sebastian tells investors in a research note. Alibaba, which upped its stake in zulily to 9% in May, likely views the company as an investment rather than a vehicle to enter the U.S. market, Sebastian argues. This morning, Liberty Interactive (QVCA) announced it had reached an agreement to acquire zulily for $18.75 per share or $2.4B. The analyst sees strategic benefits from the deal. Increased takeover activity in the small-cap internet space could support the valuations of the remaining independents, including ChannelAdvisor (ECOM), Yelp (YELP), Groupon (GRPN), Angie's List (ANGI) and RetailMeNot (SALE), Sebastian writes. Shares of zulily are soaring 47% to $18.50 following the takeover agreement.
05:59 EDTPMCSStocks with implied volatility movement; AET PMCS
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August 14, 2015
17:37 EDTPMCSRelational Investors gives quarterly update on stakes
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07:59 EDTPFPTAnalysts recommend cybersecurity stocks after recent underperformance
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07:00 EDTPFPTSecurity stocks underperformed despite 'solid' results, says Piper Jaffray
Piper Jaffray analyst Andrew Nowinski says the security stocks he covers have underperformed the Nasdaq composite despite delivering "solid beat-and-raise" results. With the exception of Fortinet (FTNT) and Imperva (IMPV), the remaining security stocks within Nowinski's security coverage universe have all underperformed the Nasdaq. Symantec (SYMC) has underperformed by 0.7%, CyberArk by 1.6%, Proofpoint (PFPT) by 5.3%, Palo Alto by 7.4%, FireEye (FEYE) by 8.4% and Barracuda by 36.7%, Nowinski tells investors this morning in a research note. Investors remain concerned with the potential for a moderation in spending, the analyst believes. However, his channel checks with resellers suggest demand should remain strong for the next 12 months. Nowinski views the recent pullback in the sector as an attractive buying opportunity. Stocks with the most attractive valuations include Barracuda Networks (CUDA), CyberArk Software (CYBR), Fortinet (FTNT) and Palo Alto Networks (PANW), Nowinski writes. Wells Fargo this morning upgraded shares of CyberArk to Outperform.

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