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Stock Market & Financial Investment News

News Breaks
February 15, 2013
05:55 EDTELLI, ELLI, ELLIEllie Mae management to meet with Dougherty
Meetings to be held in Baltimore on February 20 and in Philadelphia on February 21 hosted by Dougherty.
News For ELLI From The Last 14 Days
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April 14, 2014
16:21 EDTELLIEllie Mae confirms no breach of data in recent outage
Ellie Mae reported its conclusion that the recent outage to its Encompass services was not a result of a malicious attack and confirmed that there was no breach of customer data. The characteristics of the outage initially appeared to the Company to be consistent with a distributed denial of service, or DDoS, attack. However, following a thorough review of the incident, with assistance from a leading security and cybercrime forensics firm, Ellie Mae has now concluded that there was no malicious attack on its systems. Accordingly, the company confirmed there was no breach of client or personal borrower data. The unexpected surge in service requests to web servers that resulted in the outage on March 31, was triggered by a confluence of factors involving network, hardware, software and demand for service. Ellie Mae has already taken a number of steps in response to this incident, including adding capacity and redistributing traffic across its data centers. The IT infrastructure has been functioning normally since mid-afternoon Pacific Daylight Time on April 1, 2014.
April 11, 2014
12:42 EDTELLIOn The Fly: Analyst Downgrade Summary
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08:54 EDTELLIEllie Mae downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Ellie Mae to Market Perform citing increasing headwinds for the mortgage market and a lack of positive catalysts. FBR lowered its price target for shares to $29 from $37.
06:44 EDTELLIEllie Mae downgraded to Market Perform from Outperform at FBR Capital

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