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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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August 21, 2014
09:22 EDTFEYEFireEye has further downside, says Northland
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08:30 EDTFEYEFireEye valuation attractive, says Goldman
Goldman views Buy rated FireEye's share price as an attractive entry point for best-in-class growth, attractive positioning, reset expectations, and positive industry themes.
August 19, 2014
11:27 EDTFEYEFireEye drops sharply, levels to watch
In the last 15 minutes the shares have taken a sharp turn lower, lead by a large block trade of 4.89M shares. At the current price of $27.96, the stock is down over 2.9%. Next support at current price is at $27.25. Resistance is at $28.81.
11:09 EDTKEYWHexis Cyber Solutions announces reseller agreement with Accuvant
Hexis Cyber Solutions, a wholly-owned subsidiary of KEYW announced a reseller agreement with Accuvant, a provider of information security solutions serving enterprise-class organizations across North America. This agreement enables Accuvant the ability to sell Hexis' full line of enterprise class solutions including HawkEye G and HawkEye AP.
August 18, 2014
10:41 EDTFEYECommunity Health discloses personal data compromised in cyber attack
Earlier today, Community Health (CYH) disclosed in a filing that in July Community Health Systems confirmed that its computer network was the target of an external, criminal cyber attack that the company believes occurred in April and June. The company and its forensic expert, Mandiant, a FireEye company (FEYE), believe the attacker was an “Advanced Persistent Threat” group originating from China who used highly sophisticated malware and technology to attack the company’s systems.The company has been informed by federal authorities and Mandiant that this intruder has typically sought valuable intellectual property, such as medical device and equipment development data. However, in this instance the data transferred was non-medical patient identification data related to the company’s physician practice operations and affected approximately 4.5M individuals who, in the last five years, were referred for or received services from physicians affiliated with the company. The company has confirmed that this data did not include patient credit card, medical or clinical information; the data is, however, considered protected under the Health Insurance Portability and Accountability Act because it includes patient names, addresses, birthdates, telephone numbers and social security numbers. The company does not believe this incident will have a material adverse effect on its business or financial results.
August 14, 2014
12:14 EDTQLYSQualys management to meet with Topeka
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10:05 EDTQLYSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Adidas (ADDYY) downgraded to Neutral from Buy at Goldman... Fabrinet (FN) downgraded at B. Riley... Freeport McMoRan (FCX) downgraded at Stifel... Infosys (INFY) downgraded to Hold from Buy at Jefferies... InterMune (ITMN) downgraded to Neutral from Buy at Goldman... Jones Energy (JONE) downgraded to Neutral from Overweight at JPMorgan... LVMH Moet Hennessy (LVMUY) downgraded to Neutral from Buy at Goldman... Madison Square Garden (MSG) downgraded to Hold from Buy at Topeka... Qualys (QLYS) downgraded to Sector Perform from Outperform at RBC Capital... SeaWorld (SEAS) downgraded to Market Perform from Outperform at Wells Fargo... Theravance Biopharma (TBPH) downgraded to Underperform from Neutral at RW Baird... URS Corporation (URS) downgraded to Neutral from Buy at Sterne Agee... ViaSat (VSAT) downgraded to Perform from Outperform at Oppenheimer... Wynn Resorts (WYNN) downgraded to Hold from Buy at Gabelli.
06:26 EDTQLYSQualys downgraded to Sector Perform from Outperform at RBC Capital
August 13, 2014
10:01 EDTFEYE, KEYWOn The Fly: Analyst Initiation Summary
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08:02 EDTKEYWKEYW initiated with a Buy at Maxim
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August 12, 2014
16:27 EDTFEYEFireEye initiated with an Overweight at Piper Jaffray
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11:15 EDTFEYEOptions with decreasing implied volatility
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August 11, 2014
11:28 EDTFEYEOptions with decreasing implied volatility
Options with decreasing implied volatility: GRPN MNKD UBNT OLED ZU RPTP SALE UNXL FEYE VNDA
August 8, 2014
15:38 EDTKEYWKEYW management to meet with SunTrust
Meeting to be held in New York on August 13 hosted by SunTrust,
12:53 EDTFEYEProofpoint jumps after analyst starts with Outperform rating
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10:34 EDTFEYEOptions with decreasing implied volatility
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10:00 EDTPFPTOn The Fly: Analyst Initiation Summary
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05:48 EDTFEYEFireEye misconceptions adding to share sell-off, says Summit Research
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05:37 EDTPFPTProofpoint initiated with an Outperform at Wells Fargo
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