New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:13 EDTQLYS, PFPT, 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
Sign up for a free trial to see the rest of the stories you've been missing.
March 27, 2015
10:03 EDTFEYEOn The Fly: Analyst Initiation Summary
Subscribe for More Information
March 26, 2015
16:52 EDTFEYEFireEye initiated with a Market Perform at Raymond James
Subscribe for More Information
March 20, 2015
15:40 EDTPFPT, CUDA, FEYE, QLYSMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
March 19, 2015
10:31 EDTKEYWKEYW awarded $38M contract to provide cyber training, infrastructure upgrades
Subscribe for More Information
08:45 EDTFEYEHouse Permanent Select Committee on Intelligence to hold a hearing
Subscribe for More Information
March 18, 2015
10:31 EDTKEYWKEYW acquires Ponte Technologies and Milestone Intelligence Group
KEYW announced it has acquired Ponte Technologies and Milestone Intelligence Group, increasing its cyber capabilities for both government and commercial customers. As a result of these acquisitions, KEYW has formed a new sector called Emerging Technologies and Markets to focus on opportunities
March 17, 2015
07:31 EDTPFPTProofpoint momentum continuing this quarter, says Pacific Crest
Subscribe for More Information
March 16, 2015
11:17 EDTFEYEFireEye call activity attributed to takeover chatter
Subscribe for More Information
11:02 EDTFEYERumor: FireEye strength attributed to takeover speculation
Shares of FireEye (FEYE) are moving higher on speculation Cisco (CSCO) may acquire the company.

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