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Stock Market & Financial Investment News

News Breaks
January 23, 2014
10:02 EDTWYN, WWE, SPLK, PANW, JIVE, SC, WDAY, DATA, SWI, MSTR, DRII, SBGI, WCG, TIBX, QLIK, VAC, ECOMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ChannelAdvisor (ECOM) initiated with a Hold at Deutsche Bank... Diamond Resorts (DRII) initiated with an Outperform at JMP Securities... Jive Software (JIVE) initiated with a Hold at Deutsche Bank... Marriott Vacations (VAC) initiated with an Outperform at JMP Securities... MicroStrategy (MSTR) initiated with a Hold at Deutsche Bank... Palo Alto (PANW) initiated with a Buy at Deutsche Bank... Qlik Technologies (QLIK) initiated with a Hold at Deutsche Bank... SolarWinds (SWI) initiated with a Hold at Deutsche Bank... Splunk (SPLK) initiated with a Buy at Deutsche Bank... TIBCO (TIBX) initiated with a Hold at Deutsche Bank... Tableau Software (DATA) initiated with a Buy at Deutsche Bank... WWE (WWE) initiated with a Buy at Benchmark Co... WellCare (WCG) initiated with a Neutral at Credit Suisse... Workday (WDAY) initiated with a Hold at Deutsche Bank... Wyndham (WYN) initiated with an Outperform at JMP Securities... Sinclair Broadcast (SBGI) initiated with a Buy at CRT Capital... Santander Consumer USA (SC) initiated with a Buy at BTIG.
News For ECOM;DRII;JIVE;VAC;MSTR;PANW;QLIK;SWI;SPLK;TIBX;DATA;WWE;WCG;WDAY;WYN;SBGI;SC From The Last 14 Days
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August 24, 2015
08:52 EDTPANWPalo Alto weakness creates buying opportunity, says JMP Securities
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08:36 EDTPANWIT security outlook still positive, says Pacific Crest
After attending a conference and analyzing IT security companies' Q2 results, Pacific Crest is more confident that IT security spending trends will continue to be strong. The firm identifies Barracuda (CUDA), Imperva (IMPV) and Palo Alto (PANW) as its favorite names in the space.
08:10 EDTSPLKSplunk downgraded to Hold from Buy at Summit Research
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07:14 EDTWDAYWorkday price target lowered to $85 from $100 at Stephens
Stephens said its checks suggest solid trends for Workday but a slightly more difficult selling environment this year compared to last, prompting it to reiterate its Equal Weight rating on the stock despite its recent selloff. The firm said the risk/reward for owning a "market leading" asset in the largest identified software market seems to be improving, but lowered its price target on the name to $85 from $100 due to multiple contraction.
August 21, 2015
16:48 EDTJIVEFrancisco Partners reports 5.6% stake in Jive Software
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10:02 EDTWDAYOn The Fly: Analyst Downgrade Summary
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09:29 EDTPANWPalo Alto results should beat expectations, says RBC Capital
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09:27 EDTWDAYWorkday downgraded to Mixed from Positive at OTR Global
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08:40 EDTWDAYWorkday August weekly volatility elevated into Q2 and outlook
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August 19, 2015
09:02 EDTDATATableau launches operations in China
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August 18, 2015
09:51 EDTPANWFireEye 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.
07:57 EDTWCGMagellan Iowa loss largely priced into shares, says Jefferies
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August 17, 2015
16:15 EDTSBGIGlenhill Advisors reports 5.6% passive stake in Sinclair Broadcast
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16:12 EDTWCGMagellan drops after Iowa picks four others for Medicaid
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15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTWCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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14:27 EDTPANWIRS says cyber attack larger than originally thought, AP says
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13:11 EDTECOMAlibaba 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.
08:53 EDTDRIIDiamond Resorts to acquire vacation ownership business of Gold Key for $167.5M
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06:05 EDTJIVEJive Software implied volatility of 32 at lower end of index mean range
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