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News Breaks
May 14, 2014
10:17 EDTFEYEFireEye volatility elevated on wide price movement
FireEye June call option implied volatility is at 71, July is at 75, September is at 72; compared to its 26-week average of 67 according to Track Data, suggesting large near term price movement.
News For FEYE From The Last 14 Days
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February 10, 2016
14:12 EDTFEYEFireEye February weekly 12.5 straddle priced for 14.2% movement into Q4
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10:35 EDTFEYEFireEye, Palo Alto surge after upbeat analyst notes, Akamai results
The shares of IT security companies Palo Alto Networks (PANW) and FireEye (FEYE) are rallying after Wells Fargo issued an upbeat note on Palo Alto and research firm BTIG upgraded FireEye. Additionally, Akamai (AKAM) reported that the revenue generated by its cloud security business surged nearly 50% year-over-year last quarter. FIREEYE UPGRADE: BTIG analyst Joel Fishbein, Jr. upgraded FireEye to Buy from Neutral, saying that the company will soon show better revenue visibility, report positive cash flow and implement tighter cost controls. Those attributes are what investors are looking for from the company, the analyst stated. FireEye can meet its guidance of generating positive free cash flow growth this year by achieving its billing guidance and maintaining the cost discipline and operating leverage it delivered last year, Fishbein predicted. Moreover, FireEye is shifting from a "growth at all costs" mentality" to a "cash generation with reasonable growth" approach, the analyst stated. He believes that the stock has reached a favorable entry point, and placed a $15 price target on the shares. POSITIVE ON PALO ALTO: After speaking with sources in the IT security sector, Wells Fargo believes that Palo Alto's existing customers are in the early stages of buying the company's newer products. Resellers indicated that the sales of Palo Alto's products were either at or above expectations and they said that its pipeline remains strong, Wells reported. Furthermore, the firm thinks the company will continue to gain share against other IT security vendors going forward, as large organizations look to buy more of their products from one vendor. Palo Alto's risk/reward ratio is "compelling" for longer term investors, Wells stated. The firm reiterated an Outperform rating on the stock. AKAMAI: Meanwhile, Akamai posted better than expected fourth quarter results last night, including the report that the revenue generated by its cloud security unit jumped 46% last quarter versus the same period a year earlier, to $73M. B. Riley analyst Sameet Sinha upgraded Akamai Technologies to Buy and raised his price target for the shares to $60 from $54 following the company's Q4 results, while Craig-Hallum analyst Ryan Notvest upgraded Akamai to Buy and increased his price target to $53 from $48. Notvest particularly pointed to its strong Performance and Security Solutions results, while noting the company has substantially reduced expectations from its two largest customers, has put in place a $1B buyback, and the CEO said he has intentions to buy $10M worth of Akamai shares in the open market. PRICE ACTION: In early trading, Palo Alto jumped 6.4% to $125.63, FireEye surged 8.5% to $13 and Akamai jumped 23.5% to $48.90.
10:01 EDTFEYEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Buy from Hold at Craig-Hallum... Banco Bilbao (BBVA) upgraded to Outperform from Underperform at Exane BNP Paribas... Coca-Cola (KO) upgraded to Hold from Sell at Societe Generale... Dean Foods (DF) upgraded to Outperform from Market Perform at Bernstein... Dr. Reddy's (RDY) upgraded to Buy from Underperform at CLSA... Essex Property Trust (ESS) upgraded to Hold from Sell at Zelman... FireEye (FEYE) upgraded on positive outlook at BTIG... Goodyear Tire (GT) upgraded to Outperform from Underperform at CLSA... Hess Corp. (HES) upgraded to Conviction Buy from Neutral at Goldman... Hudbay Minerals (HBM) upgraded to Buy from Hold at Canaccord... PROS (PRO) upgraded to Hold from Sell at Craig-Hallum... Press Ganey (PGND) upgraded to Outperform from Neutral at Baird... Salesforce (CRM) upgraded to Buy from Outperform at CLSA... Seattle Genetics (SGEN) upgraded to Buy from Hold at Cantor... Shire (SHPG) upgraded on valuation at RBC Capital... SolarCity (SCTY) upgraded to Strong Buy on valuation at Raymond James... Spark Energy (SPKE) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Hold from Sell at Benchmark... TransDigm (TDG) upgraded to Gradually Accumulate from Hold at Wellington Shields... Trimble (TRMB) upgraded to Buy from Hold at Needham... U.S. Bancorp (USB) upgraded to Outperform from Market Perform at Wells Fargo... Zurich Insurance (ZURVY) upgraded to Neutral from Underweight at JPMorgan.
09:19 EDTFEYEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Akamai (AKAM), up 16.5%... Prospect Capital (PSEC), up 10.7%... Panera Bread (PNRA), up 2%. ALSO HIGHER: Deutsche Bank (DB), up 6.1% after the Financial Times reported that the company is considering a multibillion bond buyback... Fitbit (FIT), up 3.7% after Marc Benioff reported a 5% stake in the company... FireEye (FEYE), up 3.9% after being upgraded to Buy from Neutral at BTIG... Shire (SHPG), up 1.7% after being upgraded to Outperform from Sector Perform at RBC Capital. DOWN AFTER EARNINGS: Time Warner (TWX), down 7.6%... Disney (DIS), down 5.1%... SolarCity (SCTY), down 27.8%. ALSO LOWER: CTI BioPharma (CTIC), down 38% after the FDA placed pacritinib IND on full clinical hold... Mast Therapeutics (MSTX), down 40.1% after 29.1M share Spot Unit offering priced at $0.275.
09:16 EDTFEYEFireEye upgraded on positive outlook at BTIG
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08:01 EDTFEYEFireEye upgraded to Buy from Neutral at BTIG
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February 8, 2016
05:12 EDTFEYEStocks with implied volatility above IV index mean; FEYE TSLA
Stocks with implied volatility above IV index mean; FireEye (FEYE) 114, Tesla (TSLA) 75 according to iVolatility.
February 5, 2016
13:41 EDTFEYEFireEye volatility increases into Q4 and outlook
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05:16 EDTFEYEStocks with implied volatility above IV index mean; FEYE LNKD
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February 4, 2016
05:04 EDTFEYEStocks with implied volatility above IV index mean; FEYE LNKD
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February 3, 2016
05:08 EDTFEYEStocks with implied volatility above IV index mean; FEYE TWTR
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February 2, 2016
10:26 EDTFEYEFireEye calls active
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10:18 EDTFEYECisco could be interested in FireEye, dealReporter says citing sources
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07:33 EDTFEYEFireEye acquisition positive, says Oppenheimer
After FireEye announced that it acquired Inovtas, Oppenhimer says that Inovtas' automation tool. meets a critical need for IT administrators. The firm says its checks with IT administrators indicate that automation is seen as "a potential holy grail" that could solve many IT security issues. The firm keeps an Outperform rating on FireEye.
February 1, 2016
19:25 EDTFEYEFireEye acquires security orchestration firm Invotas
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January 29, 2016
10:56 EDTFEYEIT 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.
January 28, 2016
19:09 EDTFEYEOn 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: (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.
09:46 EDTFEYEFireEye downgraded to Negative from Mixed at OTR Global
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