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Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:13 EDTCUDA, QLYS, PFPT, KEYW, FEYEIT 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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December 18, 2014
10:19 EDTFEYESony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
06:05 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
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December 17, 2014
10:02 EDTCUDAOn The Fly: Analyst Initiation Summary
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06:15 EDTCUDABarracuda Networks initiated with a Buy at Roth Capital
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06:09 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
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December 15, 2014
08:57 EDTPFPTProofpoint price target raised to $58 from $45 at Sterne Agee
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December 10, 2014
13:45 EDTKEYWKEYW management to meet with SunTrust
Meetings to be held on the West Coast December 15-18 hosted by SunTrust.
09:48 EDTKEYWHexic Cyber Solutions announce strategic distribution alliance with Promark
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08:16 EDTFEYEBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPFPT, CUDAIT security outlook remains positive, says Pacific Crest
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07:47 EDTQLYSCowen to hold a forum
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December 9, 2014
07:22 EDTQLYSBMO Capital to hold a conference
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06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
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December 8, 2014
09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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07:28 EDTFEYEFBN Securities to hold a bus tour
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December 5, 2014
10:00 EDTFEYE, PFPTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acorda Therapeutics (ACOR) initiated with a Neutral at Goldman... Builders FirstSource (BLDR) initiated with a Neutral at Sterne Agee... CSI Compressco (CCLP) initiated with a Buy at Stifel... California Resources Corp. (CRC) initiated with a Market Perform at Raymond James... Castlight Health (CSLT) initiated with an Equal Weight at First Analysis... DCP Midstream (DPM) initiated with a Buy at MLV & Co.... DSP Group (DSPG) initiated with an Outperform at Imperial Capital... Edwards Lifesciences (EW) initiated with an Outperform at Bernstein... EnLink Midstream (ENLK) initiated with a Buy at MLV & Co.... Facebook (FB) initiated with a Buy at MKM Partners... FireEye (FEYE) initiated with a Market Perform at JMP Securities... FleetCor (FLT) initiated with a Buy at Deutsche Bank... Imperva (IMPV) initiated with a Buy at Nomura... Keryx (KERX) initiated with an Outperform at Cowen... Knowles (KN) initiated with a Market Perform at FBR Capital... Marlin Midstream (FISH) initiated with a Buy at MLV & Co.... Paragon Offshore (PGN) initiated with a Sector Perform at Iberia... PepsiCo (PEP) initiated with a Buy at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Nomura... Relypsa (RLYP) initiated with an Outperform at Oppenheimer... Rocket Fuel (FUEL) initiated with a Sell at Maxim... Sprouts Farmers Markets (SFM) initiated with an Underperform at Longbow... Summit Midstream (SMLP) initiated with a Buy at MLV & Co.... TubeMogul (TUBE) initiated with a Buy at Maxim... Western Gas Partners (WES) initiated with a Buy at MLV & Co.
09:22 EDTPFPTProofpoint initiated with a Buy at Nomura
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06:21 EDTFEYEFireEye initiated with a Market Perform at JMP Securities
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