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
Sign up for a free trial to see the rest of the stories you've been missing.
October 30, 2014
13:08 EDTKEYWKEYW management to meet with Maxim
Subscribe for More Information
12:34 EDTKEYWKEYW management to meet with Maxim
Subscribe for More Information
October 29, 2014
08:54 EDTCUDABarracuda Networks 1.3M share Block Trade priced at $28.85
Subscribe for More Information
October 28, 2014
16:42 EDTKEYWKEYW reports Q3 GAAP EPS (8c), consensus (5c)
Subscribe for More Information
10:52 EDTPFPT, FEYEIT security stocks climb after FireEye upgrade, Radware outlook
Subscribe for More Information
10:12 EDTFEYEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Buffalo Wild Wings (BWLD) upgraded to Outperform at RW Baird... CPFL Energia (CPL) upgraded to Buy from Neutral at UBS... Core Laboratories (CLB) upgraded to Overweight from Equal Weight at Morgan Stanley... Dril-Quip (DRQ) upgraded at Morgan Stanley... DryShips (DRYS) upgraded to Outperform from Underperform at Imperial Capital... FireEye (FEYE) upgraded to Positive from Mixed at OTR Global... GOL Linhas (GOL) upgraded to Outperform from Market Perform at Raymond James... Madison Square Garden (MSG) upgraded to Buy from Hold at ISI Group... Nobel Biocare (NBHGY) upgraded to Neutral from Underweight at JPMorgan... STMicroelectronics (STM) upgraded to Neutral from Sell at Citigroup... Trinity Industries (TRN) upgraded to Positive from Neutral at Susquehanna... Twitter (TWTR) upgraded to Hold from Sell at Pivotal Research... Wal-Mart de Mexico (WMMVY) upgraded to Overweight from Equal Weight at Barclays... Wright Medical (WMGI) upgraded at RBC Capital... XL Group (XL) upgraded to Hold from Sell at Deutsche Bank.
09:22 EDTFEYEFireEye upgraded to Positive from Mixed at OTR Global
OTR Global raised FireEye's view to Positive based on strong demand for malware protection due to recent security breaches.
October 27, 2014
07:25 EDTFEYEFireEye November weekly volatility elevated into Q3 and outlook
Subscribe for More Information
October 24, 2014
08:14 EDTPFPTProofpoint reported impressive results, says RBC Capital
Subscribe for More Information
October 23, 2014
16:29 EDTPFPTProofpoint agrees to acquire Nexgate for $35M
Subscribe for More Information
16:27 EDTPFPTProofpoint sees Q4 EPS (12c)-(10c), consensus (9c)
Sees Q4 revenue $52M-$53M, consensus $49.44M. Sees Q4 billings $63M-$64M. Sees Q4 adjusted EBITDA loss ($1M)-($0.5M).
16:26 EDTPFPTProofpoint sees FY14 EPS (43c)-(41c), consensus (39c)
Proofpoint raises FY14 revenue view to $191.4M-$192.4M, consensus $186.23M. Raises FY14 billings view to $221.8M-$222.8M. Sees FY14 adjusted EBITDA loss to be in the range of ($2M)-($1.5M). FY14 Free cash flow is expected to be in the range of breakeven to positive $5M, which assumes capital expenditures of $16M-$18M for the full year.
16:23 EDTPFPTProofpoint reports Q3 EPS (11c), consensus (11c)
Subscribe for More Information
11:25 EDTFEYEInternet security names climb after Check Point, Fortinet beat expectations
Subscribe for More Information
October 22, 2014
06:44 EDTPFPT, QLYS, FEYE, CUDAU.S. weighing cybersecurity requirements for bank vendors, NY Times says
Subscribe for More Information
October 20, 2014
07:58 EDTCUDABarracuda Networks portfolio strength underappreciated, says Pacific Crest
Subscribe for More Information
October 16, 2014
10:01 EDTFEYEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
05:31 EDTFEYEFireEye upgraded to Overweight from Neutral at JPMorgan
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