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Stock Market & Financial Investment News

News Breaks
January 3, 2014
11:13 EDTPFPT, CUDA, QLYS, 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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February 24, 2015
10:28 EDTFEYE, PFPTAnalyst sees 'massive' IT security upgrade cycle still in early innings
A number of trends are spurring businesses and the government to spend aggressively on cyber security offerings, benefiting companies in the IT security sector, wrote research firm FBR Capital in a note to investors today. In conjunction, the firm raised its price target on a number of stocks in the sector. WHAT'S NEW: After conducting checks, FBR Capital analyst Daniel Ives believes that spending on advanced cyber security products has increased this quarter. The ongoing series of well-publicized cyber attacks on large companies is causing businesses to become more concerned about protecting themselves from this threat, according to Ive, who believes that advanced IT security products have "massive," once in a multi-decade growth potential. Data points indicate that enterprises are looking to buy more advanced firewall/cloud security solutions, while the sizes of purchases by customers in the space have increased. Meanwhile, given the high priority that the Obama administration has placed on cyber security, the federal government's spending on IT security is likely to rise in the coming quarters and years, Ives wrote. Forecasting a 20% increase in overall cyber security spending this year, the analyst believes that the following companies should benefit disproportionately from the positive trends, since they have "the right products at the right time:" Palo Alto (PANW), FireEye (FEYE), Proofpoint (PFPT), Check Point (CHKP), and Fortinet (FTNT). The analyst raised his price target on Fortinet to $39 from $36, on Palo Alto to $160 from $121, on Proofpoint to $67 from $60, and on Check Point to $93 from $85. He kept Outperform ratings on all the stocks named. WHAT'S NOTABLE: In its own note to investors, RBC Capital said it expects Palo Alto to report stronger than expected Q2 results, driven by "impressive" revenue and margin improvements. The firm raised its price target on the shares to $150 from $145 and kept an Outperform rating on the stock. PRICE ACTION:In early trading, Palo Alto added 0.2% to $138.41, FireEye advanced 1.2% to $43.87, Proofpoint lost slipped fractionally to $56.55, Check Point rose 0.5% at $82.77, and Fortinet gained 1.3% to $33.76.
08:32 EDTPFPT, FEYEFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
February 23, 2015
10:51 EDTFEYEStocks with call strike movement; FEYE AAL
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10:32 EDTFEYEFireEye falls, levels to watch
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10:15 EDTQLYS, FEYE, PFPT, CUDACyberArk sinks after JPMorgan analyst cuts rating to sell
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February 20, 2015
09:08 EDTFEYEFireEye price target raised to $50 from $44 at UBS
UBS raised its price target on FireEye to $50 from $44 following meetings with management. The firm cited improved business trends, new partnerships and higher state and local government spending. UBS reiterated its Buy rating on FireEye shares.
February 19, 2015
10:25 EDTQLYSQualys and China Biologic mentioned positively by Navellier
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09:59 EDTKEYWOn The Fly: Analyst Downgrade Summary
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08:20 EDTKEYWKEYW downgraded at Chardan
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08:15 EDTKEYWKEYW downgraded to Neutral from Buy at Chardan
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07:19 EDTKEYWKEYW price target lowered to $14 from $18 at RBC Capital
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February 18, 2015
18:55 EDTKEYWOn The Fly: After Hours Movers
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17:33 EDTKEYWKEYW sees FY15 government segment revenue up 4%-8%
Sees 12%-15% EBITDA margin in FY15. Sees FY15 Hexis segment revenue $25M-$30M. Guidance provided in Q4 earnings conference call.
16:27 EDTKEYWKEYW reports Q4 EPS (13c), consensus (6c)
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February 17, 2015
07:50 EDTFEYEFireEye price target raised to $49 from $44 at BofA/Merrill
BofA/Merrill raised Buy rated FireEye's price target to $49 to reflect expected improvements in cash flow as investment in international infrastructure and M&A slows. The firm continues to view FireEye as a top pick given technological advantages, upside to billings and revenue growth, execution abilities, and strong sector trends.
February 15, 2015
17:43 EDTCUDA, PFPT, FEYE, QLYSCybersecurity firm Kaspersky warns of cyber attack on banks, FT says
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February 13, 2015
05:33 EDTFEYEFireEye price target raised to $42 from $32 at Imperial Capital
Imperial Capital raised its price target for FireEye shares to $42 citing the company's strong billings and subscription growth. It keeps an Outperform rating on the name following FireEye's Q4 results.

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