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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
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November 26, 2014
11:08 EDTPFPT, FEYE, IMPV, CUDASony Pictures hack highlights need for more IT security spending, analyst says
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09:46 EDTFEYESony hack shows need for more cyber security, says Wells Fargo
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November 25, 2014
13:49 EDTIMPV, CUDAPalo Alto rallies after results beat expectations
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November 24, 2014
10:00 EDTIMPVOn The Fly: Analyst Initiation Summary
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07:18 EDTCUDABarracuda Networks growth accelerating, says Pacific Crest
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07:14 EDTIMPVImperva initiated with a Buy at Needham
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November 20, 2014
10:55 EDTFEYEFireEye December calls active
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November 19, 2014
09:01 EDTPFPT, FEYEBig data for security could reach $4B-$5B, says FBR Capital
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07:51 EDTFEYEClearing House Payments Company to hold a conference
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07:40 EDTFEYEUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
07:36 EDTPFPTUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
November 17, 2014
21:08 EDTPFPTProofpoint management to meet with William Blair
Meetings to be held in Canada on November 20-21 hosted by William Blair.
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTPFPT, IMPV, CUDA, FEYEState Department hacked, NY Times reports
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05:29 EDTIMPVImperva downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Imperva to Neutral citing the recent outperformance of shares. The firm raised its price target for the stock to $45 from $42.
November 16, 2014
19:34 EDTFEYEFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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