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January 15, 2014
06:30 EDTCHKP, FEYE, SYMC, PANWNew Internet security companies say older products don't work, NY Times says
Newer Internet security companies like FireEye (FEYE) and Palo Alto Networks (PANW) are arguing that the products of their older competitors like Symantec (SYMC) and Check Point (CHKP_ have proven vulnerable to attack, according to The New York Times. The newer companies say that the biggest problems with the older products is that they react to threats instead of anticipating them, the newspaper added. Reference Link
News For FEYE;PANW;SYMC;CHKP From The Last 14 Days
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November 23, 2015
16:04 EDTPANWPalo Alto reports Q1 EPS 35c, consensus 32c
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15:41 EDTPANWPalo Alto November weekly 172.5 straddle priced for 6.7% movement into Q1
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15:28 EDTPANWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Palo Alto (PANW), consensus 32c... Copart (CPRT), consensus 43c... Brocade (BRCD), consensus 24c... Post Holdings (POST), consensus 29c... YY (YY), consensus 82c... Dycom (DY), consensus $1.01... Cubic (CUB), consensus 96c... Enanta (ENTA), consensus 15c.
14:11 EDTPANWPalo Alto technical comments before earnings
The shares have recently completed a double bottom pattern, leaving them near the top of the recent trading range. That trading range is defined by a low at $150 and a high at $175. If the news is strongly bullish, a move above the top of the trading range would seem probable. Resistance levels to watch above $175 are at $178.74, $181.10, and $185.50. If the news is a negative disappointment, support levels to watch as potential downside objectives are at $167.28, $163.59, and 158.61.
07:25 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November weekly call option implied volatility is at 68, December is at 47; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on today.
November 20, 2015
15:22 EDTPANWPalo Alto volatility elevated into Q1 and outlook
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November 19, 2015
10:02 EDTFEYEFireEye November calls active on renewed takeover chatter
FireEye November calls 22.5 and 23 calls are active on total call volume of 7K contracts (1K puts) on renewed takeover chatter. November call option implied volatility 74, December is at 54; compared to its 52-week range of 37 to 78. Active call volume suggests traders taking positions for large price movement.
07:15 EDTPANWPalo Alto Fortinet seen as potential Cisco takeover targets, says Oppenheimer
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November 18, 2015
09:34 EDTFEYEActive equity options trading on open
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08:30 EDTCHKPCheck Point removed from US 1 List at BofA/Merrill
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November 17, 2015
16:08 EDTFEYESynopsys notifies on unauthorized access to web portal
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11:35 EDTSYMCFinancing backing Carlyle's purchase of Symantec's Veritas pulled, Reuters says
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08:05 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November call option implied volatility is at 43, November weekly is at 69, December is at 54, January is at 46; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on November 23.
07:56 EDTFEYEUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:42 EDTPANWPalo Alto checks point to above-consensus Q1 results, says Stephens
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07:37 EDTPANWPalo Alto results should beat expectations, says RBC Capital
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November 16, 2015
06:13 EDTFEYECyberArk CEO: Lack of data breaches won't hurt company, Bloomberg says
CyberArk (CYBR) is distancing itself from FireEye (FEYE), saying that the lack of security breaches won't hurt the company, Bloomberg reports, citing comments from CyberArk CEO Udi Mokady. FireEye blamed a lull in cyber attacks for its downbeat quarterly earnings, the report says. "That is totally not the case in our world," Mokady said by phone from San Francisco last week. "It's not our business model -- our model is to put in private account security ahead of time, and we're seeing increased demand, increased awareness of that." Reference Link
November 13, 2015
09:58 EDTFEYEFireEye calls active on renewed takeover chatter
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09:43 EDTFEYERumor: FireEye active on renewed takeover chatter
November 12, 2015
13:24 EDTFEYEEarnings Watch: Cisco seeks to break out of trading rut with Q1 report
Cisco Systems (CSCO) is scheduled to report results of its fiscal first quarter after the market close on Thursday, November 12 with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $12.65B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $12.55B-$12.81B. Along with its quarterly report, Cisco guided to Q1 EPS of 55c-57c and said it expects its revenue to increase 2%-4% year over year. LAST QUARTER: On August 12, Cisco reported fourth quarter EPS of 59c on revenue of $12.8B, beating consensus estimates of 56c and $12.65B for EPS and revenue, respectively. NEWS: On its Q4 earnings conference call, Cisco said that it was looking at acquisitions at the right price, particularly in areas like software and security. On August 31, Apple (AAPL) and Cisco announced a partnership to build a "fast lane" for iOS business users by optimizing Cisco networks for iOS devices and apps, integrating iPhone with Cisco enterprise environments and providing unique collaboration on iPhone and iPad. The next day, Cisco was among multiple other companies, including Amazon (AMZN), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla, and Netflix (NFLX), announcing the formation of the Alliance for Open Media to build next-generation media formats, codecs, and technologies in the public interest. On September 3, Business Insider reported that people at Cisco still though that chairman John Chambers was running the show as chief executive officer after appointing Chuck Robbins to that role last May. On September 15, Mandiant, a FireEye (FEYE) subsidiary, said in a blog post that researchers discovered previously unknown attacks on certain routers and that such attacks replace the operating system used in Cisco equipment. About a week later, the Wall Street Journal reported that Cisco was aiming to strengthen its business in China by joining forces with Inspur group, a move which was confirmed on September 24. On October 29, Cisco announced its intention to acquire 1 Mainstream. CNBC later reported that the company paid $100M-$150M to acquire 1 Mainstream. On November 9, Ericsson (ERIC) and Cisco announced a global business and technology partnership to "create the networks of the future." The companies said that the strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp to $1B or more for each by 2018. STREET RESEARCH: On August 17, Morgan Stanley downgraded Cisco to Equal Weight from Overweight and maintained a $30 price target on the stock, saying it did not believe improved growth is "secular" and anticipates growth will revert to GDP like levels as the upgrade cycle concludes. Wells Fargo said on August 28 that a 10% selloff in communication tech stocks, including Cisco, had created an attractive buying opportunity. Bernstein said a week later that Cisco, Juniper (JNPR), and F5 Networks (FFIV) should be bought on wider macro economic weakness. On October 6, Citi initiated coverage of Cisco with a Buy rating and $30 price target. A week later, Barclays initiated coverage of Cisco with an Overweight rating and a $32 price target. On November 9, RBC Capital maintained an Outperform rating and $33 price target on Cisco, saying it expects the company to report slightly better than expected results. The next day, SunTrust maintained a Buy rating on Cisco, saying its partnership with Ericsson was a positive and should strengthen Cisco's service provider business. PRICE ACTION: In afternoon trading ahead of tonight's report, Cisco shares were up 0.5% to $27.97. In the last three months, Cisco shares are fractionally higher and virtually unchanged when discounting this afternoon's slight rise.
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