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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:04 EDTECYT, MFRM, SBGI, FEYE, LUKHigh option volume stocks: FEYE MFRM LUK SBGI ECYT
News For FEYE;MFRM;LUK;SBGI;ECYT From The Last 14 Days
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March 2, 2015
08:20 EDTECYTEndocyte sees cash balance at end 2015 to exceed $155M
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08:19 EDTECYTEndocyte reports Q4 EPS (19c), consensus (25c)
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05:59 EDTFEYEFireEye introduces ne mobile security integration for Samsung
FireEye announced a new product integration with Samsung to enhance enterprise risk management on Samsung KNOX-enabled devices. The integrated solution intercepts apps before they are installed on the device and uses FireEye Mobile Threat Prevention to determine risk status, analyze, detect and block high-risk apps, as well as notify users of behaviors consistent with malware activity.
February 24, 2015
10:28 EDTFEYEAnalyst 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 EDTFEYEFBR 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 EDTFEYECyberArk 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 18, 2015
07:45 EDTSBGISinclair Broadcast sees FY15 barter and trade revenue $129.0M
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07:44 EDTSBGISinclair Broadcast sees Q1 net broadcast revenues up 22.2%-23.3%
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07:40 EDTSBGISinclair Broadcast reports Q4 adjusted EPS 84cc, consensus 76c
Reports Q4 revenue $613.8M, consensus $599.47M.
February 17, 2015
17:02 EDTLUKSoros Fund Management gives quarterly update on stakes
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15:32 EDTSBGINotable companies reporting before tomorrow's open
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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.

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