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Stock Market & Financial Investment News

News For FTNT;CHKP;PANW;FIRE From The Last 14 Days
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September 3, 2015
11:19 EDTPANWPalo Alto volatility elevated into Q4 and outlook
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07:30 EDTPANWPalo Alto weakness has created compelling entry point, says Wells Fargo
After Palo Alto dropped 17% over the last six weeks, Wells Fargo thinks the decline has created a compelling entry point. The firm says its recent checks on the company have been positive, while recent comments by the company's CEO were "compelling." Wells views the stock's valuation as attractive and keeps an Outperform rating on the shares.
September 2, 2015
15:12 EDTCHKPCheck Point management to meet with UBS
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September 1, 2015
16:10 EDTCHKPCheck Point to separate CEO and Chairman positions
Check Point Software Technologies announced its decision to separate the position of Chairman and CEO and to appoint Marius Nacht as non-executive Chairman of the Board. Nacht, one of Check Point's founders, has served as Vice Chairman of the Board of Directors since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Nacht held Senior Vice President positions at Check Point.
10:59 EDTCHKP, PANW, FTNTCyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
10:56 EDTCHKPRBC Capital to hold a bus tour
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August 31, 2015
16:10 EDTFTNTStephens to hold a tour
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08:31 EDTCHKPAcronis and Check Point announces partnership
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07:52 EDTPANWPalo Alto checks positive, says Oppenheimer
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August 28, 2015
07:12 EDTPANWWilliam Blair names 21 stocks best positioned for volatile markets
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August 24, 2015
15:01 EDTPANWWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
14:21 EDTPANW, CHKP, FTNTJMP Securities says pullback in Palo Alto a buying opportunity
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08:52 EDTPANWPalo Alto weakness creates buying opportunity, says JMP Securities
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08:36 EDTPANWIT security outlook still positive, says Pacific Crest
After attending a conference and analyzing IT security companies' Q2 results, Pacific Crest is more confident that IT security spending trends will continue to be strong. The firm identifies Barracuda (CUDA), Imperva (IMPV) and Palo Alto (PANW) as its favorite names in the space.

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