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Stock Market & Financial Investment News

News Breaks
December 4, 2012
05:55 EDTFTNT, FTNT, FTNT, SGI, SGI, SGI, PLCM, PLCM, PLCM, TOSYY, TOSYY, TOSYY, MLNX, MLNX, MLNX, QTM, QTM, QTM, QLYS, QLYS, QLYS, FIRE, FIRE, FIRE, IMPV, IMPV, IMPV, BIRT, BIRT, BIRT, JNPR, JNPR, JNPR, ARUN, ARUN, ARUNFBN Securities to host a bus tour
3rd Semi-Annual Silicon Valley Technology Bus Tour travels throughout Silicon Valley on December 4-6 with additional meetings on December 10-11.
News For FTNT;JNPR;BIRT;IMPV;FIRE;QLYS;QTM;MLNX;TOSYY;PLCM;SGI;ARUN From The Last 14 Days
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February 3, 2016
16:10 EDTIMPVImperva says expects to generate positive cash flow from operations in 2016
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16:09 EDTIMPVImperva sees FY16 adjusted EPS 17c-23c, consensus 31c
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16:08 EDTIMPVImperva sees Q1 adjusted EPS (32c)-(26c), consensus (12c)
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16:07 EDTIMPVImperva reports Q4 adjusted EPS 20c, consensus 15c
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14:48 EDTIMPVNotable companies reporting after market close
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10:54 EDTFTNTOptions with decreasing implied volatility
Options with decreasing implied volatility: WMB INVN FTNT NOW SNDK HOG UA CTXS KORS AMZN
February 2, 2016
13:13 EDTIMPVImperva management to meet with Buckingham
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10:12 EDTFTNTOptions with decreasing implied volatility
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10:01 EDTMLNXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BlackBerry (BBRY) initiated with a Buy at TD Securities... British American Tobacco (BTI) initiated with a Buy at Berenberg... Cabot Oil & Gas (COG) initiated with a Buy at SunTrust... Celestica (CLS) initiated with a Hold at TD Securities... Devon Energy (DVN) initiated with an Equal Weight at Stephens... Fitbit (FIT) initiated with an Outperform at Oppenheimer... Imperial Tobacco (ITYBY) initiated with a Buy at Berenberg... Kite Pharma (KITE) initiated with an Outperform at RBC Capital... Mellanox (MLNX) initiated with a Buy at Roth Capital.
07:51 EDTMLNXMellanox initiated with a Buy at Roth Capital
Roth Capital analyst Brian Alger initiated Mellanox with a Buy rating and $60 price target. The analyst said Mellanox has a full suite of end to end products serving networking across Ethernet and Infiniband and is well positioned to outpace peers.
February 1, 2016
10:05 EDTFTNTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acadia (ACHC) initiated with an Overweight at KeyBanc... Altisource Residential (RESI) initiated with a Neutral at Nomura... Colony Starwood Homes (SFR) initiated with a Buy at Nomura... EyeGate (EYEG) initiated with a Buy at Rodman & Renshaw... Fortinet (FTNT) initiated with an Outperform at Northland... Halozyme (HALO) initiated with a Buy at Canaccord... Lendingtree (TREE) initiated with an Outperform at Northland... Lindblad Expeditions (LIND) initiated with an Outperform at Credit Suisse... Summit Therapeutics (SMMT) initiated with a Buy at Canaccord... VolitionRx (VNRX) initiated with a Buy at Rodman & Renshaw.
07:30 EDTFTNTFortinet initiated with an Outperform at Northland
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January 29, 2016
10:56 EDTFTNTIT 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.
10:10 EDTFTNTOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
10:05 EDTJNPROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Atlassian (TEAM) upgraded on positive outlook at JMP Securities... BRF S.A. (BRFS) upgraded to Buy from Hold at Deutsche Bank... Bank of America (BAC) upgraded to Outperform from Sell at CLSA... CEMEX (CX) upgraded to Buy from Hold at Jefferies... Chemical Financial (CHFC) upgraded to Outperform from Market Perform at Fig Partners... Computer Programs (CPSI) upgraded to Buy from Hold at Topeka... DST Systems (DST) upgraded to Outperform at Baird... Diamond Offshore (DO) upgraded to Neutral from Sell at Citi... First Cash Financial (FCFS) upgraded to Buy from Neutral at Janney Capital... First Merchants (FRME) upgraded to Overweight from Equal Weight at Stephens... Flex (FLEX) upgraded on solid results at Stifel... Intercept (ICPT) upgraded to Equal Weight from Underweight at Morgan Stanley... J.C. Penney (JCP) upgraded to Neutral from Underperform at Credit Suisse... JetBlue (JBLU) upgraded to Buy from Hold at Evercore ISI... Juniper (JNPR) upgraded to Outperform from Market Perform at Bernstein... Live Oak Bancshares (LOB) upgraded to Buy from Neutral at SunTrust... Microsemi (MSCC) upgraded to Outperform from Market Perform at Wells Fargo... NetSuite (N) upgraded to Buy from Hold at Canaccord... NextEra Energy (NEE) upgraded to Outperform at Baird... Oshkosh (OSK) upgraded to Buy from Neutral at SunTrust... PC Connection (PCCC) upgraded to Market Perform from Underperform at Raymond James... Pinnacle Financial (PNFP) upgraded to Overweight from Equal Weight at Stephens... Potash (POT) upgraded to Outperform from Sector Perform at Scotiabank... Rayonier (RYN) upgraded on valuation at BMO Capital... SanDisk (SNDK) upgraded to Buy from Hold at Needham... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... Sotherly Hotels (SOHO) upgraded to Buy from Neutral at Janney Capital... Textura (TXTR) upgraded to Outperform from Market Perform at Northland... Valley National (VLY) upgraded to Buy from Hold at Sandler O'Neill.
10:03 EDTIMPVHigh option volume stocks: GIMO CSOD NAVI ALGN IMPV LC INO FMC VMW RCII
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09:21 EDTFTNTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 17.7%... Fortinet (FTNT), up 10%... Flextronics (FLEX), up 10%... Skyworks (SWKS), up 5.7%... Seagate Technology (STX), up 4.9%.. Microsoft (MSFT), up 4.6%. ALSO HIGHER: Inovio Pharmaceuticals (INO), up 8.1% after CEO says Zika vaccine could enter human testing this year... J.C. Penney (JCP), up 2.1% after being upgraded to Neutral from Underperform at Credit Suisse... BRF S.A. (BRFS), up 3.1% after being upgraded to Buy from Hold at Deutsche Bank... Axiall (AXLL), up 83.4% after rejecting $20 per share acquisition proposal from Westlake Chemical (WLK)... Energous (WATT), up 12% after Bloomberg reported that Apple (AAPL) is working with partners in the U.S. and Asia to develop new wireless charging technology. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 10.1%... Electronic Arts (EA), down 6.2%... AbbVie (ABBV), down 4%... American Airlines (AAL), down 1.3%. ALSO LOWER: Gilead Sciences (GILD), down 5.5% after CEO John Martin to assume role of executive chairman and COO John Milligan will be promoted to CEO.
08:37 EDTFTNTFortinet guidance likely conservative, says RBC Capital
After Fortinet reported in-line results, RBC Capital says they will probably be well-received, given sentiment towards the name. The firm says that the company's fiscal 2016 guidance is "likely somewhat conservative." However, it keeps a Sector Perform rating on the shares.
06:53 EDTJNPRJuniper upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Pierre Ferragu upgraded Juniper to Outperform with a $31 price target on shares. The analyst said shares have fallen to attractive levels while fundamentals are strong and stable to improving. Ferragu said the cautious Q1 guidance reflects management being prudent given the uncertain macro environment and reminds investors 65% of revenues come from the Service Provider market, which means the company will benefit from late cycle exposure and could surprise to the upside, at least initially. Furthermore, the analyst said the CFO resignation and transition had been in the plans for some time and presents no risk.
05:55 EDTFTNTFortinet Q4 results to bring 'welcomed lift' to shares, says JPMorgan
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