New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:33 EDTCUDA, PFPT, FEYE, IMPVFireEye advances after analyst predicts sentiment could rebound
Shares of IT security company FireEye (FEYE) are rallying after Nomura predicted in a note to investors earlier today that sentiment towards the stock could improve following its lock-up expiration on May 21. WHAT'S NEW: After restrictions preventing FireEye insiders from selling stock expire on May 21 investors could become more optimistic about the shares, Nomura analyst Rick Sherlund predicted. FireEye has a robust opportunity in the IT security market and its technology is "best-of-breed," while its management team is strong, the analyst stated. Additionally, the company is adding new products and its advanced persistent threat technology could become more mainstream, said Sherlund. FireEye is investing heavily and losing money, but investors with a longer term time horizon could benefit from the company's positive attributes, the analyst indicated. The stock reached an attractive entry point, wrote Sherlund before the market opened. He kept a Buy rating on the shares. PRICE ACTION: FireEye, which has tumbled about 60% in the last three months, rose about 3% to $28.82 in late morning trading. OTHERS TO WATCH: Other stocks in the sector were also advancing this morning, with Proofpoint (PFPT) rising 5.5%, Imperva (IMPV) gaining 2% and Barracuda Networks (CUDA) climbing a bit more than 2%.
News For FEYE;PFPT;IMPV;CUDA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 20, 2015
10:00 EDTFEYEOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:14 EDTPFPTJefferies software analysts hold an analyst/industry conference call
Subscribe for More Information
08:41 EDTFEYE, IMPV, CUDA, PFPTCisco CFO sees potential for acquistions in security
Subscribe for More Information
07:36 EDTFEYEJPMorgan to hold a conference
Subscribe for More Information
06:51 EDTFEYEFireEye initiated with a Buy at Evercore ISI
Target $50.
May 19, 2015
08:10 EDTCUDATech Data announces agreement with Barracuda Networks
Subscribe for More Information
07:13 EDTPFPTProofpoint can beat expectations over next few years, says Wells Fargo
Subscribe for More Information
05:42 EDTPFPTProofpoint added to Priority Stock List at Wells Fargo
Subscribe for More Information
May 18, 2015
09:06 EDTFEYEFireEye announces strategic alliance with ACE Group
Subscribe for More Information
09:01 EDTFEYEMarsh, FireEye announce collaboration to offer cybersecurity readiness service
Marsh (MMC) and FireEye (FEYE) announced a collaboration to offer clients Marsh Cyber OASIS. This service is designed to assists clients by providing an objective evaluation of their organizationís ability to detect and respond to cyber-attacks, and the strength of their technical infrastructure.
May 15, 2015
07:14 EDTIMPVPiper recommends buying shares of Imperva
Subscribe for More Information
May 14, 2015
14:01 EDTFEYEFireEye currently unwilling to consider sale, Re/code reports
After Cisco (CEO) John Chambers said last night on the company Q3 conference call that he "wouldn't bet on" the rumor that his company was targeting an acquisition of FireEye (FEYE), Re/code's Arik Hesseldahl added that FireEye is not for sale in any case. The security company's management would not be willing to entertain takeover offers before it reaches $1B in annual revenue, sources familiar with the matter told Hesseldahl. Reference Link
08:21 EDTPFPT, FEYEFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.
07:56 EDTIMPVImperva outlook has improved, says RBC Capital
After marketing with Imperva's management, RBC Capital is more upbeat on the company's outlook. The firm thinks Imperva's management looks confident, while its end market has improved and it remains well-positioned within the sector. RBC keeps a $61 price target and Outperform rating on the shares.
06:46 EDTIMPVImperva price target raised to $66 from $57 at Piper Jaffray
Piper Jaffray raised its price target for Imperva to $66 after meetings with management gave it increased conviction in the company's Q2 results as well as its longer-term belief that the company is one of the best positioned vendors. Piper views the stock's valuation as "relatively cheap" and reiterates an Overweight rating on the name.
May 13, 2015
18:04 EDTFEYECisco CEO says don't bet on talk of FireEye acquisition
Subscribe for More Information
10:32 EDTFEYEFireEye calls active on renewed takeover chatter
Subscribe for More Information
10:20 EDTFEYERumor: FireEye moves up on renewed takeover chatter
Subscribe for More Information
07:21 EDTPFPTCredit Suisse to hold a conference
4th Annual Disruptive Technology Conference is being held in San Francisco on May 13-14 with webcasted company presentations to begin on May 13 at 10:35 am; not all company presentations may be webcasted. Webcast Link
May 11, 2015
10:32 EDTIMPVImperva management to meet with Piper Jaffray
Meeting to be held in New York on May 12 hosted by Piper Jaffray.
1 | 2 | all recent news | >>

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