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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
Check below for free stories on FEYE;KEYW;PFPT;QLYS;CUDA the last two weeks.
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September 15, 2014
08:52 EDTQLYSQualys outlook has improved, says JMP Securities
After meeting with Qualys' management, JMP Securities is more positive on the company's long-term growth outlook. The firm says that the company suggested that it has reached a positive turning point, as its deal sizes have increased. JMP Securities finds the stock undervalued at current levels and keeps an Outperform rating on the shares.
September 11, 2014
12:44 EDTFEYEFireEye volatility at nine-month lows
FireEye September and October option implied volatility is at 56, December is at 54; compared to its 26-week average of 68 according to Track Data, suggesting decreasing price movement.
11:53 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 16 call option implied volatility decreased 3% to 65, FireEye (FEYE) March 40 call option implied volatility decreased 3% to 55 according to IVolatility.
11:26 EDTFEYEFireEye has a bullish pattern in progress, levels to watch
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September 8, 2014
10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:12 EDTFEYEOn The Fly: Pre-market Movers
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07:01 EDTPFPTProofpoint remains a favorite play in security at RBC Capital
RBC Capital believes the security demand environment is accelerating due to recent security breaches and Proofpoint's products continue to resonate well. The analyst said cross selling opportunities are sizable while productive gains are driving billings growth. The firm said Proofpoint is a favorite name in security and raised its price target ot $46 from $43. Shares are Outperform rated.
06:31 EDTFEYEFireEye upgraded to Buy from Neutral at UBS
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September 4, 2014
16:35 EDTPFPTFinjan provides litigation update, Proofpoint motion to stay denied
Finjan Holdings provides an update on the case Finjan (FNJN) v. Proofpoint (PFPT) et al., Case No. 5:13-cv-05808-BLF. The Honorable Beth Labson Freeman denied Proofpoint's Motion to Stay the Case pending the completion of the U.S. Patent and Trademark Office's reexamination of claims in two of eight patents-in-suit representing only 10% of the Claims in question. The Court declined to issue a Stay by concluding it "…would unnecessarily delay this litigation and unduly prejudice the interests of [Finjan]." The current matter with Proofpoint is expected to continue with the Court's previously determined calendar including a Markman hearing, which is scheduled for May 8, 2015 and trial, which is set to begin January 11, 2016.According to Julie Mar-Spinola, VP, Legal Operations of Finjan, "The Court's denial of Proofpoint's Motion to Stay clears the way for the parties to prove their respective claims against the other expeditiously and on the merits, which we believe is fair for all parties concerned."
September 3, 2014
11:31 EDTFEYEStocks with call strike movement; FEYE SPLK
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10:40 EDTPFPT, CUDA, FEYEAnalyst sees security 'spending frenzy' amid high-profile hacks
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07:49 EDTKEYWKEYW risk/reward very appealing, says RBC Capital
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06:44 EDTFEYESecurity market demand 'rapidly' improving, says Piper Jaffray
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