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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:12 EDTSYMC, CHKP, CUDA, FEYE, IMPV, QLYS, PFPT, PANW, FFIV, 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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December 17, 2014
10:02 EDTSYMCOn The Fly: Analyst Downgrade Summary
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10:02 EDTCHKPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Google (GOOG) upgraded to Buy from Hold at Pivotal Research... Twitter (TWTR) upgraded to Buy from Hold at Pivotal Research... Aaron's (AAN) upgraded to Buy from Hold at KeyBanc... Calpine (CPN) upgraded to Buy from Hold at Deutsche Bank... Check Point (CHKP) upgraded to Buy from Hold at Deutsche Bank... Columbia Sportswear (COLM) upgraded to Buy from Neutral at Goldman... Dakota Plains Holdings (DAKP) upgraded to Buy from Hold at Canaccord... SunCoke Energy (SXC) upgraded to Outperform from Neutral at Credit Suisse... Taylor Morrison (TMHC) upgraded to Buy from Hold at Evercore ISI... Teck Resources (TCK) upgraded to Buy from Neutral at UBS... VeriFone (PAY) upgraded to Overweight from Equal Weight at Barclays... Motorola Solutions (MSI) upgraded to Buy from Hold at Argus... Approach Resources (AREX) upgraded to Neutral from Reduce at Global Hunter... HealthSouth (HLS) upgraded to Outperform from Market Perform at Raymond James... QLogic (QLGC) upgraded to Overweight from Equal Weight at Morgan Stanley... Baker Hughes (BHI) upgraded to Focus List from Outperform at Howard Weil... Kansas City Southern (KSU) upgraded to Overweight from Equal Weight at Stephens... BlackBerry (BBRY) upgraded to Buy from Hold at BGC Financial.
07:08 EDTIMPVImperva upgraded to Buy from Hold at Deutsche Bank
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06:51 EDTCHKPCheck Point upgraded to Buy from Hold at Deutsche Bank
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06:15 EDTCUDABarracuda Networks initiated with a Buy at Roth Capital
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06:09 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
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05:40 EDTSYMCSymantec downgraded to Market Perform from Outperform at William Blair
William Blair downgraded Symantec to Market Perform citing valuation as it believes upside from the company's business split is largely reflected in shares at current levels.
December 15, 2014
08:57 EDTPFPTProofpoint price target raised to $58 from $45 at Sterne Agee
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December 14, 2014
17:21 EDTFFIVNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
December 11, 2014
12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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December 10, 2014
08:16 EDTFEYE, FFIV, PANWBarclays 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 EDTPFPT, CUDA, FFIV, PANW, IMPVIT security outlook remains positive, says Pacific Crest
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07:47 EDTQLYSCowen to hold a forum
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December 9, 2014
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 EDTQLYSBMO Capital to hold a conference
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06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
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December 8, 2014
09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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07:28 EDTFEYE, FTNTFBN Securities to hold a bus tour
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