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Stock Market & Financial Investment News

News Breaks
April 9, 2014
17:49 EDTPANW, CHKP, FEYE, IMPV, SYMC, FTNTImperva plummets after lowering Q1 EPS and revenue outlook
Imperva (IMPV), a data security solutions company, is down more than 34% in extended trading after the company lowered its first quarter earnings per share and revenue outlook. WHAT'S NEW: Imperva said it now sees a Q1 adjusted EPS view of (44c)-(40c), down from (37c)-(33c) and below the analyst consensus of (35c). The company also lowered its Q1 revenue view to $31M-$31.5M from $36M-$37M, below a consensus of $36.69M. The company said its Q1 results "were primarily impacted by extended sales cycles on deals over $100,000, which led to delays in receiving anticipated orders from customers, particularly in the U.S., which resulted in lower than expected revenue for products." ANALYST REACTION: Wells Fargo said it believes the magnitude of Imperva's Q1 miss will weigh on the Cyber Security industry since expectations for the group were relatively high going into earnings. Wells noted, however, that it saw little direct fundamental implications for other names in the group as Imperva's issues were likely more company specific. PRICE ACTION: Imperva is trading down $16.98, or 34.14%, to $32.75 in the after-hours. OTHERS TO WATCH: Other names in the space include Check Point (CHKP), Fortinet (FTNT), FireEye (FEYE), Palo Alto (PANW) and Symantec (SYMC). Both Fortinet and FireEye are trading down over 2% in the after-hours.
News For IMPV;CHKP;FTNT;FEYE;PANW;SYMC From The Last 14 Days
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November 19, 2014
07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTCHKP, FEYE, SYMCUBS 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."
07:21 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
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTFEYE, SYMC, CHKP, FTNT, IMPV, PANWState 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 EDTSYMC, PANW, CHKP, FEYEFinancial 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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November 12, 2014
15:08 EDTSYMCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:17 EDTFEYEFireEye CEO says seeing geographic opportunity
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07:15 EDTCHKPCheck Point price target raised to $85 from $75 at BofA/Merrill
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November 11, 2014
10:00 EDTSYMC, PANW, IMPV, FEYE, CHKP, FTNTOn The Fly: Analyst Initiation Summary
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07:19 EDTPANW, IMPVBarracuda, 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.
06:36 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 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 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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