New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 5, 2014
07:19 EDTNCMI, CNK, CKEC, EPR, RENT, OUTR, CIDM, IMAX, LGF, RHP, MCS, DCINGabelli to hold a conference
6th Annual Movie & Entertainment Conference to be held in New York on June 5.
News For IMAX;EPR;DCIN;CIDM;CKEC;MCS;OUTR;CNK;RHP;RENT;NCMI;LGF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 18, 2014
10:19 EDTIMAXSony 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.
07:46 EDTMCSMarcus reports Q2 EPS 19c, consensus 14c
Subscribe for More Information
07:23 EDTIMAXIMAX and RealD could benefit from The Interview cancellation, says B. Riley
Subscribe for More Information
December 17, 2014
17:37 EDTCKECCarmike Cinemas delays exhibition of "The Interview" due to Sony cyber-attack
Subscribe for More Information
16:11 EDTEPREPR Properties says development partner selected for NY casino
Subscribe for More Information
14:36 EDTCKECCarmike Cinemas rallies, remains in longer-term downtrend
The stock is rallying, last up 3% to $25.66. At that price the stock is still within the downtrend channel that began to develop late in November. It would need to break above the $26.50 level to breach the top of the channel. Support is at $25.33.
06:52 EDTLGFLions Gate wanted to talk to Sony about M&A, Reuters says
Subscribe for More Information
06:44 EDTLGFGoogle opponents lobbying state attorneys general, NY Times says
Subscribe for More Information
06:07 EDTCKECCarmike Cinemas pulls screenings of Sony's "The Interview," AP reports
Subscribe for More Information
December 16, 2014
07:52 EDTCKECCarmike Cinemas sell-off overdone, says B. Riley
B. Riley said the sell-off in Carmike has been excessive and views valuation as attractive ahead of the 2015 film slate and catalysts. Shares are Buy rated with a $40 price target.
07:02 EDTEPREPR Properties initiated with an Outperform at FBR Capital
Subscribe for More Information
December 12, 2014
06:27 EDTLGFPiper lowers Mockingjay forecast to $775M from $925M
Subscribe for More Information
December 11, 2014
11:02 EDTLGFLionsgate Motion Picture Group promotes Sean Kisker to Chief Strategy Officer
Subscribe for More Information
08:17 EDTLGFHasbro names Lionsgate Vice Chairman Michael Burns to board of directors
Subscribe for More Information
07:10 EDTCIDMCinedigm shares positioned for outperformance in 2015, says Piper Jaffray
Subscribe for More Information
December 10, 2014
15:29 EDTRENTWPP reports 16.7% stake in Rentrak, may engage in talks with management
Subscribe for More Information
07:01 EDTRENTRentrak granted patent based on 'Stickiness Index'
Rentrak announced that it has been granted another a new patent by the U.S. Patent and Trademark Office. U.S. Patent No. 8,904,419, issued on Dec. 2, revolves around a process to prove which TV shows have the most engaged viewers based on a "Stickiness Index." The more time spent viewing, the more likely a viewer is to remember advertising. The Stickiness Index is used in Rentrak's TV Essentials system, as well as in weekly reports.
December 9, 2014
07:32 EDTLGFUBS to hold a conference
Subscribe for More Information
07:22 EDTRENTBMO Capital to hold a conference
Subscribe for More Information
December 8, 2014
07:23 EDTRENTUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use