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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:12 EDTCUDA, SYMC, CHKP, FEYE, IMPV, PFPT, FFIV, QLYS, PANW, FTNTFortinet 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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September 10, 2014
09:22 EDTIMPV, PANWOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
08:39 EDTIMPVImperva upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded Imperva to Outperform from Perform. The firm's mid-quarter checks indicate that the company is tracking ahead of guidance, while its execution is improving and it is benefiting from growing threats, according to the firm. Target $39.
08:31 EDTPANWRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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08:27 EDTPANWPalo Alto price target raised to $120 from $90 at JMP Securities
JMP Securities raised Palo Alto's price target to $120 following the strong Q4 report and guidance. Shares are Outperform rated.
08:17 EDTPANWPalo Alto price target raised to $105 from $90 at FBR Capital
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07:51 EDTPANWPalo Alto price target raised to $101 from $93 at UBS
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07:31 EDTPANWPalo Alto price target raised to $110 from $100 at RW Baird
Baird raised its price target on Palo Alto to $110 from $100 following the company's impressive Q4 results, citing raised guidance, strength in the APT market, and new products. The firm keeps its Outperform rating on shares of Palo Alto.
07:24 EDTSYMCSymantec coverage assumed with a Neutral at MKM Partners
Target $24.
06:11 EDTIMPVImperva upgraded to Outperform from Perform at Oppenheimer
September 9, 2014
18:31 EDTPANWOn The Fly: After Hours Movers
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17:21 EDTPANWPalo Alto up almost 5% to $93.59 after reporting Q4 results and guidance
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16:08 EDTPANWPalo Alto sees Q1 EPS approximately 12c, consensus 12c
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16:07 EDTPANWPalo Alto reports Q4 EPS 11c, consensus 11c
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15:32 EDTPANWPalo Alto September weekly 89 straddle priced for 6.7% move into Q4
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15:30 EDTPANWNotable companies reporting after market close
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11:12 EDTPANWPalo Alto weekly volatility elevated into Q4 and outlook
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September 8, 2014
10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:12 EDTFEYEOn The Fly: Pre-market Movers
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07:01 EDTPFPTProofpoint remains a favorite play in security at RBC Capital
RBC Capital believes the security demand environment is accelerating due to recent security breaches and Proofpoint's products continue to resonate well. The analyst said cross selling opportunities are sizable while productive gains are driving billings growth. The firm said Proofpoint is a favorite name in security and raised its price target ot $46 from $43. Shares are Outperform rated.
06:31 EDTFEYEFireEye upgraded to Buy from Neutral at UBS
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