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Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:46 EDTIMPV, PFPT, QLYS, FEYEFireEye retreats as over 14M shares become available for sale
Today marks the first day that restricted shares of FireEye (FEYE) can be sold after the company’s initial public offering. Today’s lock-up expiration, as it is known on Wall Street, has shares of the Internet security company moving lower. WHAT'S NEW: 14.66M shares of FireEye can be sold today without the restrictions that were put in place by the company’s IPO which occurred on September 20, 2013. The first day on which shares can be sold following restrictions is referred to as the lock-up expiration day. Another 95.6M shares of FireEye will be eligible for sale after shares received by Mandiant employees are registered for resale. Fireeye bought Mandiant earlier this year. PRICE ACTION: In mid-morning trading, FireEye slumped $3.45, or 4.5%, to $74.34. Other Internet security companies also dropped, with Proofpoint (PFPT) losing 4.8% to $41.79, Imperva (IMPV) dropping 1.1% to $61.75 and Qualys (QLYS) losing 1.2% to $27.66.
News For FEYE;PFPT;IMPV;QLYS From The Last 14 Days
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February 1, 2016
08:17 EDTPFPTProofpoint should be bought on weakness, says RBC Capital
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05:42 EDTPFPTProofpoint upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Kim upgraded Proofpoint to Outperform citing the recent pullback in shares and share gains in the company's core protection business. Kim raised his price target for the stock to $68 from $65. Proofpoint closed Friday down 6%, or $3.47, to $50.36 following the company's Q4 results.
January 29, 2016
10:56 EDTPFPT, FEYEIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
10:03 EDTIMPVHigh option volume stocks: GIMO CSOD NAVI ALGN IMPV LC INO FMC VMW RCII
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07:03 EDTPFPTProofpoint results suggest demand remains strong, says Piper Jaffray
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January 28, 2016
19:09 EDTPFPT, FEYEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
16:19 EDTPFPTProofpoint sees FY16 CapEx $28M-$30M
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16:16 EDTPFPTProofpoint sees FY16 adjusted EPS (26c)-(21c), consensus (10c)
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16:15 EDTPFPTProofpoint sees Q1 adjusted EPS (15c)-(14c), consensus (9c)
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16:14 EDTPFPTProofpoint ends 2015 with over 1,100 active paying TAP customers
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16:13 EDTPFPTProofpoint reports Q4 adjusted EPS (11c), consensus (11c)
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14:29 EDTPFPTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
10:05 EDTQLYSHigh option volume stocks
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09:46 EDTFEYEFireEye downgraded to Negative from Mixed at OTR Global
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January 27, 2016
16:05 EDTQLYSQualys sees Q4 EPS and revenue within guidance
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16:02 EDTQLYSQualys CFO Don McCauley resigning March 1
Qualys CFO Don McCauley has informed the company's board of his intent to resign effective March 1. McCauley will remain in his current position through the filing and certification of the company's annual report on Form 10-K, and will participate in Qualys' Q4 conference call.
10:00 EDTIMPVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Airlines (AAL) upgraded to Buy from Neutral at UBS... Armstrong World (AWI) upgraded on valuation at BB&T... Autoliv (ALV) upgraded to Outperform from Neutral at Baird... BHP Billiton (BHP) upgraded to Overweight from Equal Weight at Morgan Stanley... BorgWarner (BWA) upgraded to Outperform from Neutral at Baird... Boyd Gaming (BYD) upgraded on valuation at Sterne Agee CRT... CF Industries (CF) upgraded to Outperform from Underperform at CLSA... Deutsche Boerse (DBOEY) upgraded to Neutral from Underperform at Credit Suisse... Diamond Offshore (DO) upgraded to Neutral from Sell at Clarksons Platou... Exelon (EXC) upgraded to Neutral from Sell at Citi... FCB Financial (FCB) upgraded to Buy from Neutral at Guggenheim... Flushing Financial (FFIC) upgraded to Buy from Hold at Sandler O'Neill... Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank... Huntington Bancshares (HBAN) upgraded to Neutral from Underperform at Macquarie... Imperva (IMPV) upgraded to Outperform from Market Perform at JMP Securities... Lockheed Martin (LMT) upgraded to Outperform from Peer Perform at Wolfe Research... McDonald's (MCD) upgraded to Buy from Hold at Argus... Munich Re (MURGY) upgraded to Overweight from Equal Weight at Morgan Stanley... NextEra Energy (NEE) upgraded to Conviction Buy from Buy at Goldman... PG&E (PCG) upgraded to Buy from Neutral at Goldman... Panera Bread (PNRA) upgraded to Buy from Neutral at BTIG... Raptor Pharmaceuticals (RPTP) upgraded to Buy from Neutral at Citi... Siemens (SIEGY) upgraded to Equal Weight from Underweight at Barclays... Sprint (S) upgraded to Perform from Underperform at Oppenheimer... Stryker (SYK) upgraded to Buy from Hold at Brean Capital... Super Micro Computer (SMCI) upgraded to Positive from Neutral at Susquehanna... Talmer Bancorp (TLMR)upgraded to Outperform from Market Perform at Keefe Bruyette... Terex (TEX) upgraded to Neutral from Underweight at JPMorgan... Transocean (RIG) upgraded to Neutral from Sell at Clarksons Platou... Washington Trust (WASH) upgraded to Buy from Neutral at Compass Point... Yara (YARIY) upgraded to Buy from Hold at Berenberg.
08:36 EDTIMPVImperva upgraded on business momentum at JMP Securities
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07:47 EDTIMPVImperva has good set-up into earnings, says RBC Capital
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06:00 EDTIMPVImperva upgraded to Outperform from Market Perform at JMP Securities
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