New User:

-or-
Username:
Password:
Forgot your password?

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.
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2014
09:08 EDTFEYEFireEye August volatility elevated into Q2
FireEye August 8 call option implied volatility is at 136, August is at 91, September is at 69, December is at 63; compared to its 26-week average of 68 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 5.
July 25, 2014
08:15 EDTPFPTProofpoint price target raised to $44 from $33 at JMP Securities
Subscribe for More Information
July 24, 2014
16:32 EDTPFPTProofpoint sees 2014 EPS (40c)-(38c), consensus (43c)
Subscribe for More Information
16:32 EDTPFPTProofpoint sees Q3 EPS (13c)-(11c), consensus (10c)
Subscribe for More Information
16:31 EDTPFPTProofpoint reports Q2 EPS (8c), consensus (12c)
Subscribe for More Information
12:36 EDTCUDAAnalyst says Barracuda weakness may be based on misunderstanding
Subscribe for More Information
10:56 EDTCUDABarracuda Networks pullback may be due to misinterpretation, says JPMorgan
Subscribe for More Information
July 23, 2014
13:28 EDTFEYECheck Point advances after results beat expectations
Subscribe for More Information
July 22, 2014
05:02 EDTQLYSQualys supports Singapore MAS IBTRM guidelines
Subscribe for More Information

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