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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:12 EDTCUDA, FEYE, SYMC, CHKP, 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 11, 2014
10:00 EDTSYMC, QLYS, PANW, PFPT, CHKP, IMPV, CUDA, FEYE, FTNTOn The Fly: Analyst Initiation Summary
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07:19 EDTPANW, IMPV, CUDABarracuda, Imperva, Palo Alto should be bought, says Pacific Crest
Pacific Crest recommends buying Barracuda (CUDA), Imperva (IMPV), and Palo Alto (PANW), as the firm expects IT security to continue growing strongly. The firm thinks the companies named have compelling margins and free cash flow.
06:46 EDTQLYSQualys to host investor meeting
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06:36 EDTIMPVImperva initiated with an Outperform at Macquarie
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06:11 EDTSYMCSymantec initiated with a Neutral at Macquarie
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06:10 EDTQLYSQualys initiated with an Underperform at Macquarie
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06:10 EDTPFPTProofpoint initiated with an Outperform at Macquarie
Target $48.
06:10 EDTPANWPalo Alto initiated with an Outperform at Macquarie
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06:10 EDTFEYEFireEye initiated with a Neutral at Macquarie
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06:10 EDTCUDABarracuda Networks initiated with an Outperform at Macquarie
Target $35.
06:10 EDTCHKPCheck Point initiated with an Outperform at Macquarie
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06:10 EDTFTNTFortinet initiated with a Neutral at Macquarie
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November 10, 2014
15:43 EDTPANW, IMPVAmerican Petroleum Institute to hold a conference
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14:38 EDTFEYE, CUDA, QLYS, IMPV, FTNT, PFPT, FFIV, CHKP, PANW, SYMCU.S. Postal Service suffered cyberattack, NY Times reports
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13:30 EDTFFIVF5 Networks volatility low into investor day
F5 Networks November weekly call option implied volatility is at 32, November is at 28, December and January is at 26; compared to its 26-week average of 33 according to Track Data, suggesting non-directional near term price movement into a company sponsored investor meeting on November 13.
12:42 EDTFEYEFireEye details hack attack found on Apple operating system
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12:39 EDTFEYEFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:30 EDTFEYEFireEye advances after JPMorgan adds to Focus List
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07:30 EDTFEYEFireEye added to Focus List, Akamai removed at JPMorgan
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07:23 EDTQLYSRBC Capital to hold a conference
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