New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 4, 2014
09:45 EDTCSCO, FEYE, FTNTWells questions validity of low FireEye score in NSS Labs report
Wells Fargo notes that while most of yesterday's sell-off in shares of FireEye (FEYE) was due to a rotation out of high growth names, the company also received a relatively low score compared to Cisco's (CSCO) SourceFire, TrendMicro and Fortinet (FTNT) in an NSS Labs report on Breach Detection Systems. Wells said it questions the validity of the report for a “number of reasons” and it does not think FireEye's growth outlook in 2014 will be impacted. The firm keeps an Outperform rating on FireEye.
News For FEYE;CSCO;FTNT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 28, 2015
16:18 EDTCSCOCisco CEO Charles Robbins adopts 10b5-1 trading plan
Subscribe for More Information
07:17 EDTCSCOCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
Subscribe for More Information
August 25, 2015
09:35 EDTCSCOActive equity options trading on open
Subscribe for More Information
08:08 EDTFEYEFireEye, Adobe among quality 'flushed out' tech names, says JPMorgan
JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.
August 24, 2015
15:01 EDTFEYEWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:21 EDTFEYE, FTNTJMP Securities says pullback in Palo Alto a buying opportunity
Subscribe for More Information
August 21, 2015
12:13 EDTCSCOBrocade soars after Q3 results top estimates
Subscribe for More Information
August 18, 2015
11:01 EDTCSCOScansource exercises LOI to acquire assets of KBZ
Subscribe for More Information
10:07 EDTFEYEHigh option volume stocks
High option volume stocks: CCOI XONE XDE OMER JMBA URBN W SCCO DKS ESPR FEYE W
10:00 EDTFEYEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:51 EDTFTNT, FEYEFireEye 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.
05:29 EDTFEYEFireEye upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Kim upgraded FireEye to Outperform 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. Kim raised his price target for shares to $55 from $45.50. The cybersecurity provider closed yesterday up 64c to $43.65.
August 17, 2015
14:27 EDTFEYE, FTNTIRS says cyber attack larger than originally thought, AP says
Subscribe for More Information
11:18 EDTCSCOEZchip to supply chips to cloud data centers, Bloomberg says
Subscribe for More Information
10:09 EDTCSCOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:39 EDTCSCOTMC to hold a conference
Subscribe for More Information
06:45 EDTCSCOCisco downgraded to Equal Weight from Overweight at Morgan Stanley
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use