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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:41 EDTIMPV, TGT, PFPT, CHKP, CUDA, SYMC, PANW, FEYEFireEye rallies after firm calls 'once in a decade opportunity'
Shares of IT security company FireEye (FEYE) are climbing after Wells Fargo initiated coverage of the stock with an Outperform rating in a note to investors earlier today. WHAT'S NEW: FireEye has "truly disruptive technology" and "offers a once in a decade opportunity," Wells Fargo stated. Moreover, recent high profile cyber attacks on retailers, including Target (TGT) and Neiman Marcus, have increased awareness of IT security companies in general and those with anti-malware tools, including FireEye, in particular, the firm contended. It predicted that FireEye's compound annual growth rate would reach 45% or higher over the next five years. The firm kept an $83-$87 price target and Outperform rating on the shares. WHAT'S NOTABLE: Other companies with anti-malware products include Symantec (SYMC) and Barrcauda Networks (CUDA). Other IT security companies include Palo Alto (PANW), Proofpoint (PFPT), Imperva (IMPV), and Check Point (CHKP). PRICE ACTION: In early afternoon trading, FireEye rose $4.17, or 5.9%, to $74.90.
News For FEYE;SYMC;CUDA;PANW;PFPT;IMPV;CHKP;TGT From The Last 14 Days
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January 15, 2015
10:12 EDTTGTTarget to host business news update conference call
Conference call to discuss Target Canada granted CCAA order will be held on January 15 at 11:30am. Webcast Link
10:04 EDTTGTTarget exit from Canada came sooner than expected, says Wells Fargo
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09:46 EDTTGTTarget Canada granted CCAA order
Target announced that Target Canada has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act, or CCAA, earlier this morning. The Initial Order authorizes Target Canada to begin a court-supervised wind-down of its Canadian businesses. It also provides for a broad stay of proceedings against Target Canada and authorizes Target to provide a debtor-in-possession credit facility of $175M to finance Target Canada’s operations during the CCAA proceedings. Note that Target announced earlier that it has decided to discontinue operations in Canada.
09:15 EDTTGTOn The Fly: Pre-market Movers
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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January 14, 2015
10:27 EDTCUDABarracuda Networks management to meet with Topeka
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January 13, 2015
17:05 EDTCUDABarracuda Networks files to sell 5.49M shares of common stock for holders
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17:04 EDTCUDABarracuda Networks files $100M mixed securities shelf
10:32 EDTFEYEStocks with call strike movement; CLF FEYE
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10:00 EDTPFPTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Midstream Partners (AMID) initiated with a Buy at Wunderlich... Ameriprise (AMP) initiated with a Buy at Deutsche Bank... Applied DNA Sciences (APDN) initiated with a Buy at Maxim... Axalta Coating (AXTA) initiated with an Outperform at RW Baird... Bellicum Pharmaceuticals (BLCM) initiated with a Buy at Citigroup... Bonanza Creek (BCEI) initiated with a Hold at Deutsche Bank... ConocoPhillips (COP) initiated with an Underweight at JPMorgan... Core-Mark (CORE) initiated with a Buy at Jefferies... Dick's Sporting (DKS) initiated with an In-Line at Imperial Capital... Dynegy (DYN) reinstated with an Overweight at Barclays... Gannett (GCI) initiated with an Outperform at Wells Fargo... Gran Tierra (GTE) initiated with an Outperformer at CIBC... HomeAway (AWAY) initiated with an Outperform at RBC Capital... Juno Therapeutics (JUNO) initiated with a Neutral at Goldman... MakeMyTrip (MMYT) initiated with a Buy at BofA/Merrill... PDC Energy (PDCE) initiated with a Hold at Deutsche Bank... PNC Financial (PNC) initiated with a Hold at Evercore ISI... Proofpoint (PFPT) initiated with a Buy at Summit Research... Sensata (ST) initiated with a Buy at Stifel... Southcross Energy Partners (SXE) initiated with a Buy at Wunderlich... Suncor (SU) initiated with an Overweight at JPMorgan... U.S. Bancorp (USB) initiated with a Hold at Evercore ISI... United Financial (UBNK) initiated with a Sector Perform at RBC Capital... Vantiv (VNTV) initiated with an Outperform at Keefe Bruyette... Wells Fargo (WFC) initiated with a Hold at Evercore ISI.
07:47 EDTPANW, CUDAUBS to hold investor trip
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05:50 EDTFEYEStocks with implied volatility movement; GRPN FEYE
Stocks with implied volatility movement; Groupon (GRPN) 70, FireEye (FEYE) 66 according to iVolatility.
05:28 EDTPFPTProofpoint initiated with a Buy at Summit Research
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January 12, 2015
18:24 EDTSYMCSymantec acquires staff, licenses from Boeing's Narus, WSJ reports
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