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Stock Market & Financial Investment News

News For FTNT;CHKP;PANW;FIRE From The Last 14 Days
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July 29, 2015
08:35 EDTCHKP, FTNT, PANWUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space 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). Reference Link
July 27, 2015
10:29 EDTFTNTOptions with decreasing implied volatility
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July 24, 2015
10:34 EDTFTNTOptions with decreasing implied volatility
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05:45 EDTPANWProofpoint price target raised to $80 from $70 at Summit Research
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July 23, 2015
18:21 EDTFTNT, PANWOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
12:32 EDTFTNTOn The Fly: Top stock stories at midday
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11:32 EDTPANW, FTNTIT security stocks climb after Fortinet, F5 beat expectations
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10:00 EDTFTNTOn The Fly: Analyst Upgrade Summary
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09:13 EDTFTNTOn The Fly: Pre-market Movers
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08:29 EDTFTNTFortinet price target raised to $55 from $45 at JMP Securities
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08:23 EDTFTNTFortinet reported strong Q2 results, says Oppenheimer
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05:27 EDTFTNTFortinet upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Sterling Auty upgraded Fortinet to Overweight saying the company's "very impressive" June quarter results indicate its growth investments are paying off. The acceleration in billings should lead Fortinet to post 43% year-over-year growth in free cash flow, Auty tells investors. He raised his price target for the stock to $54 from $40.
July 22, 2015
19:02 EDTFTNTOn The Fly: After Hours Movers
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16:35 EDTFTNTFortinet sees Q3 billings $285M-$295M
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16:34 EDTFTNTFortinet sees FY15 adjusted EPS 51c-52c, consensus 51c
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16:32 EDTFTNTFortinet sees Q3 adjusted EPS roughly 12c, consensus 14c
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16:22 EDTFTNTFortinet hits fresh life high after results
Shares were last at $45.70, hitting a fresh life high. High probability of range expansion with a move to $47.50 to $50 area as next objectives. Support is at the prior high at $44.12.
16:17 EDTFTNTFortinet reports Q2 adjusted EPS 11c, consensus 9c
Reports Q2 revenue $239.79M, consensus $227.74M.
15:26 EDTFTNTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
10:10 EDTCHKPHigh option volume stocks
High option volume stocks: HNT THOR QRVO CYTR CBRL MAS CHKP TUP NXPI VEDL
09:07 EDTCHKPOn The Fly: Pre-market Movers
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09:03 EDTCHKPCheck Point says need to consolidate security vendors 'very high'
08:46 EDTCHKPCheck Point sees Q3 adjusted EPS 92c-$1.02, consensus 97c
Sees Q3 revenue $392M-$410M, consensus $403.08M. Guidance provided during Q2 earnings conference call.
05:27 EDTCHKPCheck Point reports Q2 EPS 99c, consensus 95c
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July 21, 2015
15:02 EDTCHKPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 60c... Boeing (BA), consensus $1.42... Abbott Laboratories (ABT), consensus 50c... Thermo Fisher Scientific (TMO), consensus $1.78... EMC (EMC), consensus 41c... Illinois Tool Works (ITW), consensus $1.28... St. Jude Medical (STJ), consensus $1.00... Northern Trust (NTRS), consensus 96c... Check Point Software (CHKP), consensus 95c... Polaris Industries (PII), consensus $1.58... Interpublic Group (IPG), consensus 27c... New York Community Bancorp (NYCB), consensus 26c... B/E Aerospace (BEAV), consensus 76c... Owens Corning (OC), consensus 54c... Knight Transportation (KNX), consensus 37c.
15:01 EDTCHKPCheck Point technical notes ahead of earnings news
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July 17, 2015
14:37 EDTPANW, CHKP, FTNTUCLA Health says 4.5M individuals' data possibly exposed in cyber attack
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10:56 EDTFTNT, PANWCVS investigates credit card breach at online photo unit, KrebsOnSecurity says
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07:11 EDTPANWGigamon checks show continued momentum, says William Blair
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July 16, 2015
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
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10:00 EDTCHKPOn The Fly: Analyst Downgrade Summary
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09:21 EDTCHKPCheck Point downgraded to Mixed from Positive at OTR Global
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09:12 EDTPANWPalo Alto initiated with a Buy at Cleveland Research
Target $218.
08:36 EDTPANWFinjan Holdings files second lawsuit against Blue Coat
Finjan Holdings (FNJN) announced that its subsidiary, Finjan, Inc. has filed a second patent infringement lawsuit against Blue Coat Systems, alleging infringement of seven Finjan patents relating to new infringing Blue Coat products and services. The Complaint, filed July 15, 2015, in the U.S. District Court for the Northern District of California, alleges that Blue Coat's new products and services infringe seven Finjan patents. In particular, Finjan is asserting infringement of U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731; 8,079,086; 8,225,408; 8,566,580; 8,677,494; four of which are being asserted against Blue Coat for the first time. Finjan is seeking a jury trial; entry of judgment of direct and indirect infringement of certain claims of each of the asserted patents by Blue Coat; preliminary and permanent injunction against Blue Coat and its officers, among others, from infringing the asserted patents; and damages to be determined by a jury. This original case against Blue Coat will be proceeding to trial on July 20, 2015, with all six patents included in Finjan's first complaint against Blue Coat. Those patents include 6,804,780; 6,154,844; 7,418,731; 6,965,968; 7,058,822 and 7,647,633. The trial in the first case is expected to last for two weeks. Finjan has filed patent infringement lawsuits against FireEye (FEYE), Proofpoint, Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio.
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