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Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:13 EDTPFPT, QLYS, CUDA, FEYE, KEYWIT security companies rally following FireEye deal
Shares of a number of information security companies are advancing after one of the companies in the sector, FireEye (FEYE), announced last night that it had bought privately held cybersecurity firm Mandiant. WHAT'S NEW: FireEye stated that it would acquire Mandiant for $106.5M and 21.5 million shares of FireEye's stock. The deal closed on December 30, added FireEye. Separately, FireEye raised its fourth quarter revenue outlook to $55M-$57M from a prior view of $52M-$54M. Analysts' consensus estimate was $53.57M. WHAT'S NOTABLE: In a note to investors, SunTrust analyst Tobey Sommer stated that Mandiant was acquired for a total price of about $1 billion, or ten times its revenue. If cybersecurity company KEYW Holding (KEYW) was acquired at a similar valuation, the company could be bought for over $80 per share, Sommer estimated. Sommer kept a Buy rating on KEYW, which was trading near $15 per share in late morning trading. PRICE ACTION: Investors were positively reacting to FireEye's announcements,sending the company's shares up more than 32% to $54.44. A number of other cybersecurity companies rose significantly in late morning trading as well, with KEYW surging 9.7% to $15.00, Proofpoint (PFPT) rising 7% to $34.67, Qualys (QLYS) advancing 3.5% to $24.00, and Barracuda Networks (CUDA) gaining 2.9% to $38.25.
News For FEYE;KEYW;PFPT;QLYS;CUDA From The Last 14 Days
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April 9, 2014
17:49 EDTFEYEImperva plummets after lowering Q1 EPS and revenue outlook
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17:32 EDTFEYEImperva Q1 miss likely to weigh on Security sector, says Wells Fargo
Wells Fargo believes the magnitude of Imperva's (IMPV) Q1 miss will weigh on the Cyber Security industry since expectations for the group were relatively high going into Q1 earnings. Names in the space include Check Point (CHKP), Fortinet (FTNT), FireEye (FEYE), Palo Alto (PANW) and Symantec (SYMC). Wells notes, however, that it sees little direct fundamental implications for other names in the group as Imperva's issues were likely more company specific. Wells has Outperform ratings on Check Point, FireEye, Palo Alto and Fortinet.
15:46 EDTFEYEFireEye volatility elevated on wide price movement
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10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
AmSurg (AMSG) upgraded to Buy from Hold at Cantor... CBOE Holdings (CBOE) upgraded to Buy from Neutral at BofA/Merrill... Carlyle Group (CG) upgraded to Outperform from Perform at Oppenheimer... FireEye (FEYE) upgraded to Buy from Hold at Topeka... Fortune Brands (FBHS) upgraded to Outperform from Neutral at Credit Suisse... Gray Television (GTN) upgraded to Outperform from Market Perform at Wells Fargo... Hibbett Sports (HIBB) upgraded to Overweight from Neutral at Piper Jaffray... LinkedIn (LNKD) upgraded to Buy from Hold at Topeka... Mallinckrodt (MNK) upgraded to Buy from Neutral at UBS... NXP Semiconductors (NXPI) upgraded to Strong Buy from Outperform at Raymond James... Nexstar (NXST) upgraded to Outperform from Market Perform at Wells Fargo... Penn National (PENN) upgraded to Overweight from Equalweight at Barclays... Philip Morris (PM) upgraded to Neutral from Reduce at Nomura... SAIC (SAIC) upgraded to Market Perform from Underperform at Wells Fargo... Sinclair Broadcast (SBGI) upgraded to Outperform from Market Perform at Wells Fargo... Yelp (YELP) upgraded to Buy from Fair Value at CRT Capital... Danaher (DHR) upgraded to Strong Buy from Buy at ISI Group... Quanex (NX) upgraded at BB&T... Omnicell (OMCL) upgraded at Craig-Hallum... Volkswagen (VLKAY) upgraded to Outperform from Market Perform at Bernstein... Magna (MGA) upgraded to Neutral from Sell at Citigroup... Actavis (ACT) upgraded to Positive from Neutral at Susquehanna... E-Trade (ETFC) upgraded to Neutral from Underperform at BofA/Merrill... AmerisourceBergen (ABC) upgraded to Outperform from Market Perform at FBR Capital... CONSOL (CNX) upgraded to Outperform from Neutral at Macquarie.
09:11 EDTFEYEOn The Fly: Pre-market Movers
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06:34 EDTFEYEFireEye upgraded to Buy from Hold at Topeka
Topeka upgraded FireEye based on valuation. Price target remains $70.
April 8, 2014
10:03 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:09 EDTFEYEOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
08:42 EDTFEYEFireEye upgraded at Wedbush
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07:28 EDTKEYWSecurity Innovation Network to hold a forum
IT Security Entrepreneurs Forum: ITSEF 2014 is being held in Mountain View, California on April 8-9.
07:11 EDTFEYEFireEye upgraded to Outperform from Neutral at Wedbush
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April 7, 2014
10:10 EDTFEYEAnalyst sees 'golden' opportunity after software stocks decline
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10:00 EDTFEYEOn The Fly: Analyst Initiation Summary
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08:49 EDTFEYEFBR sees 'golden buying opportunity' in enterprise software
FBR Capital says a "'golden buying opportunity" exists in the enterprise software space following the recent sell-off of high-growth names. The firm believes overall software results in Q1 tracked in line to slightly ahead of expectations. It recommends buying Splunk (SPLK), Salesforce.com (CRM), Workday (WDAY), FireEye (FEYE), NetSuite (N) and Palo Alto (PANW) on the recent pullbacks.
08:26 EDTFEYEFireEye initiated with an Outperform at FBN Securities
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April 4, 2014
10:02 EDTCUDAOn The Fly: Analyst Initiation Summary
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09:45 EDTFEYEWells questions validity of low FireEye score in NSS Labs report
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09:39 EDTFEYEFireEye initiated with a Neutral at Citigroup (pre-open)
Target $60.
09:39 EDTPFPTProofpoint initiated with a Buy at Citigroup (pre-open)
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05:44 EDTCUDABarracuda Networks initiated with an Outperform at Imperial Capital
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