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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:12 EDTCHKP, CUDA, FEYE, SYMC, PFPT, PANW, FFIV, FTNT, IMPV, QLYSFortinet advances following Wells Fargo upgrade
Shares of IT security company Fortinet (FTNT) are rising after Wells Fargo upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: Increased spending on network security products and increased demand for new products should enable Fortinet's 2014 revenue growth to beat expectations, Wells Fargo believes. Meanwhile, Fortinet's shares pose less risk after the company adjusted its margin targets on its fourth quarter results conference call, the research firm contended. Wells finds the stock's valuation attractive and raised its price target range on Fortinet to $27-$30 from $23-$25. WHAT'S NOTABLE: On March 25, research firm FBR Capital upgraded another company in the IT security space, Palo Alto (PANW), to Outperform from Market Perform, Like Wells, FBR believes that spending on IT security products has been strong. Other publicly traded IT security companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Imperva (IMPV), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Fortinet rose 27c, or 1.2%, to $22.97.
News For FTNT;PANW;QLYS;FFIV;PFPT;IMPV;FEYE;CHKP;SYMC;CUDA From The Last 14 Days
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November 21, 2014
06:02 EDTSYMCSymantec implied volatility of 18 at lower end of index mean range
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November 20, 2014
16:56 EDTCHKPCheck Point initiated with a Buy at Jefferies
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16:17 EDTSYMCSymantec initiated with an Underperform at Jefferies
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11:05 EDTFTNTStephens hosts a conference call with Fortinet
Conference call with CEO Xie and CFO Del Matto is being held on November 21 at 2 pm.
10:55 EDTFEYEFireEye December calls active
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08:00 EDTPANWPalo Alto Q1 business looks to be beating consensus, says Oppenheimer
Oppenheimer believes that its checks suggest that Palo Alto's business is tracking ahead of consensus estimates. The firm thinks the company has continued strength across all core products and geographies. It raised its price target on the name to $120 from $115 and keeps an Outperform rating.
07:19 EDTFTNTUBS to hold a conference
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November 19, 2014
09:01 EDTPFPT, FEYE, PANWBig data for security could reach $4B-$5B, says FBR Capital
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07:51 EDTFEYEClearing House Payments Company to hold a conference
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07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTCHKP, FEYE, SYMC, FFIVUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
10:15 EDTPANWPalo Alto price target raised to $120 from $110 at Imperial Capital
Imperial Capital raised its price target for Palo Alto Networks to $120 ahead of the company's Q1 results and keeps an Outperform rating on the stock. The firm says Palo is "emerging as a dominant player in security."
07:36 EDTPFPTUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
07:21 EDTPANWPalo Alto price target raised to $125 from $105 at Stephens
Stephens said it expects Palo Alto's Q1 results to beat consensus estimates, citing the firm's positive channel checks. The firm, which believes Palo Alto is continuing to take market share, raised its price target on the stock to $125 from $105 and maintains its Overweight rating on the shares.
November 17, 2014
21:08 EDTPFPTProofpoint management to meet with William Blair
Meetings to be held in Canada on November 20-21 hosted by William Blair.
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTPFPT, FEYE, PANW, IMPV, SYMC, CHKP, FTNT, QLYS, FFIV, CUDAState Department hacked, NY Times reports
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05:29 EDTIMPVImperva downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Imperva to Neutral citing the recent outperformance of shares. The firm raised its price target for the stock to $45 from $42.
November 16, 2014
19:34 EDTFEYE, PANW, SYMC, CHKPFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
07:46 EDTFEYEFireEye growth outlook has improved, says Wells Fargo
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