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Stock Market & Financial Investment News

News For PANW;FIRE;CHKP;FTNT From The Last 14 Days
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May 26, 2015
09:58 EDTFTNTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
09:54 EDTCHKP, PANW, FTNTAnalysts bullish on two Internet security players
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07:54 EDTFTNTFortinet upgraded to Buy from Hold at Needham
Needham upgraded Fortinet to Buy with a $48 price target following field checks. The firm said Large Enterprises are increasingly open to UTM appliances for "performance" environments and checks suggest Fortinet is still accelerating and consensus estimates are too low.,
07:38 EDTPANWPalo Alto results should beat expectations, says RBC Capital
RBC Capital says that its checks lead it to believe that Palo Alto's results will beat expectations by a meaningful amount. The firm expects the company's margins to continue to rise, and it raised its price target on the name to $175 from $165 while keeping an Outperform rating.
07:03 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 21, 2015
13:52 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 20, 2015
15:55 EDTCHKP, PANW, FTNTCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the companyís ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirstís websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirstís websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
10:00 EDTPANW, CHKPOn The Fly: Analyst Initiation Summary
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08:41 EDTFTNT, PANW, CHKPCisco CFO sees potential for acquistions in security
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06:51 EDTPANWPalo Alto initiated with a Hold at Evercore ISI
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06:50 EDTCHKPCheck Point initiated with a Hold at Evercore ISI
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May 18, 2015
08:11 EDTFTNTFortinet signs CRADA with DHS
Fortinet announced that it has signed a Collaborative Research and Development Agreement, or CRADA, with the Department of Homeland Security, or DHS. With the CRADA in place, Fortinet can now share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions. The CRADA will allow Fortinet to participate in the Cyber Information and Sharing and Collaboration Program, or CISCP, which entails sharing cyber threat, incident, and vulnerability information in near real-time, drawing on data of observed threat activity submitted by CISCP participants.
May 14, 2015
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 EDTPANWFinjan 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.

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