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Stock Market & Financial Investment News

News Breaks
February 10, 2014
12:41 EDTTGT, PFPT, CHKP, IMPV, SYMC, PANW, FEYE, CUDAFireEye 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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May 14, 2015
19:02 EDTSYMCOn The Fly: After Hours Movers
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17:27 EDTSYMCSymantec 'on track' to separate Veritas as stand alone company on Jan. 2, 2016
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16:04 EDTSYMCSymantec sees Q1 adjusted operating margin 27%-28%
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16:03 EDTSYMCSymantec sees FY16 EPS $1.80-$1.90, consensus $1.90
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16:02 EDTSYMCSymantec sees Q1 EPS 41c-44c, consensus 45c
Sees Q1 revenue $1.5B-$1.54B, consensus $1.62B
16:01 EDTSYMCSymantec reports Q4 adjusted EPS 43c, consensus 44c
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15:08 EDTSYMCSymantec May volatility elevated on wide price movement
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15:01 EDTSYMCNotable companies reporting after market close
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14:32 EDTTGTTarget to sell commercial interiors subsidiary to Omni Workspace
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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
11:59 EDTCHKPCheck Point management to meet with Jefferies
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08:52 EDTPANWPalo Alto Q3 checks positive, says Stephens
Stephens said its checks have come back positive during Palo Alto's Q3 have been positive, leading the firm to expect the company's results to top consensus expectations. Stephens keeps its Overweight rating and $170 price target on Palo Alto shares.
08:21 EDTSYMC, PFPT, PANW, 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
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14:05 EDTTGTTarget May weekly volatility elevated into Q1 and outlook
Target May weekly call option implied volatility is at 26, June is at 21, July is at 19; compared to its 90-day average of 19, suggesting large price movement into the expected release of Q1 results on May 20.
10:32 EDTFEYEFireEye calls active on renewed takeover chatter
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10:20 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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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
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