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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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December 18, 2014
16:09 EDTMLNXSecurities action against Mellanox dismissed
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10:19 EDTFTNTSony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
December 17, 2014
07:08 EDTIMPVImperva upgraded to Buy from Hold at Deutsche Bank
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December 16, 2014
09:02 EDTBIRTOpen Text commences tender offer forActuate
Open Text (OTEX) announced that its wholly-owned subsidiary, Asteroid Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Actuate (BIRT), including the associated preferred stock purchase rights issued under the Rights Agreement, at a price of $6.60 per share. The tender offer is scheduled to expire at 9:00 A.M., New York City time, on Friday, January 16, unless the offer is extended or earlier terminated.
December 15, 2014
17:20 EDTBIRTOpen Text reports 11.9% stake in Actuate
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December 14, 2014
13:58 EDTJNPRJuniper and Elliott in talks on board additions, WSJ says
According to a Wall Street Journal report from Friday evening, Juniper Networks and activist investor Elliott Management are in discussions about adding new directors to Juniper's board in a move that may prevent a proxy fight. Elliott management which owns a 9% stake in the telephone equipment maker has suggested certain candidates which Juniper is evaluating, added the Wall Street Journal. Reference Link
December 11, 2014
07:46 EDTQTMBenchmark to hold a conference
Micro Cap Discovery Conference is being held in Chicago on December 11.
06:01 EDTARUNAruba Networks management to meet with Northland
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December 10, 2014
10:00 EDTSGIOn The Fly: Analyst Upgrade Summary
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09:02 EDTSGISilicon Graphics upgraded to Buy with $12 target at Needham
Needham upgraded Silicon Graphics to Buy from Hold with a $12 price target citing improving federal spending and an attractive risk/reward profile. The firm believes shares offer "significant" upside potential should the company execute on even a subset of its major initiatives.
08:16 EDTJNPRBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTIMPVIT security outlook remains positive, says Pacific Crest
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07:47 EDTQLYSCowen to hold a forum
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07:21 EDTSGISilicon Graphics upgraded to Buy from Hold at Needham
December 9, 2014
10:23 EDTJNPROn The Fly: Analyst Initiation Summary
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10:07 EDTFTNTFortinet may receive buyout from Wipro, says AsianSweeper
Fortinet (FTNT) may receive a buyout from Wipro (WIT), AsianSweeper says. Wipro is looking to strengthen the market share in security solutions and Fortinet, the current revenue leader in unified threat management is a perfect fit, as two companies already have existing synergies in certain areas. Reference Link
07:22 EDTQLYS, JNPRBMO Capital to hold a conference
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06:39 EDTJNPRJuniper initiated with a Neutral at Wedbush
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December 8, 2014
08:02 EDTARUNAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:28 EDTMLNX, FTNTFBN Securities to hold a bus tour
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