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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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January 28, 2015
06:59 EDTCHKPCheck Point February volatility elevated into Q4 and outlook
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January 27, 2015
11:14 EDTFEYEStocks with call strike movement; PBR FEYE
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09:35 EDTPANWPalo Alto poised to beat consensus estimates, says Wells Fargo
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09:32 EDTFEYEFireEye should report strong Q4 results, says Wells Fargo
Wells Fargo believes that FireEye benefited last quarter from strong demand for advanced malware detection solutions and good demand for its endpoint product. The firm is confident that the company's Q4 billings can meet or exceed the consensus outlook of $203M. It keeps an Outperform rating.
09:30 EDTCHKPCheck Point Q4 results should beat expectations, says Wells Fargo
Wells Fargo's North American checks for Check Point were positive, and the firm thinks the company's q4 billings likely beat street expectations. The firm likes the stock ahead of the results.
07:43 EDTCHKPCheck Point Q4 results should beat expectations, says Oppenheimer
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January 26, 2015
10:00 EDTFTNTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Axle (AXL) upgraded to Overweight from Neutral at JPMorgan... Bed Bath & Beyond (BBBY) upgraded to Outperform from Perform at Oppenheimer... DRDGOLD (DRD) upgraded to Neutral from Underweight at JPMorgan... DealerTrack (TRAK) upgraded to Buy from Hold at Stifel... DreamWorks Animation (DWA) upgraded to Buy from Neutral at B. Riley... First Niagara (FNFG) upgraded to Buy from Hold at Jefferies... Fortinet (FTNT) upgraded to Buy from Neutral at Citigroup... Garmin (GRMN) upgraded at RBC Capital... Harmony Gold (HMY) upgraded to Overweight from Neutral at JPMorgan... Invesco (IVZ) upgraded to Positive from Neutral at Susquehanna... Kansas City Southern (KSU) upgraded at Raymond James... McDonald's (MCD) upgraded to Overweight from Equal Weight at Stephens... Melco Crown (MPEL) upgraded to Buy from Hold at Union Gaming... Monro Muffler (MNRO) upgraded to Neutral from Reduce at SunTrust... Pier 1 Imports (PIR) upgraded to Outperform from Perform at Oppenheimer... Piper Jaffray (PJC) upgraded to Neutral from Underperform at Macquarie... Randgold (GOLD) upgraded to Overweight from Neutral at JPMorgan... Rockwell Collins (COL) upgraded to Buy from Hold at Argus... Telefonica (TEF) upgraded to Neutral from Underperform at BofA/Merrill... Triumph Group (TGI) upgraded at RBC Capital... Unilever (UL) upgraded to Buy from Underperform at BofA/Merrill... WWE (WWE) upgraded to Neutral from Underperform at Macquarie.
09:05 EDTFTNTCiti sees low estimates for Fortinet, upgrades to Buy
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06:59 EDTFTNTFortinet Q4 checks very positive says JMP Securities
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06:51 EDTFTNTFortinet upgraded to Buy from Neutral at Citigroup
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January 23, 2015
10:02 EDTPANW, CHKPOn the Fly: Analyst Downgrade Summary
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08:23 EDTCHKPCheck Point downgraded to Neutral from Outperform at Macquarie
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08:23 EDTPANWPalo Alto downgraded to Neutral from Outperform at Macquarie
07:47 EDTFTNTFortinet Q4 results likely to beat expectations, says Oppenheimer
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January 22, 2015
10:03 EDTCHKPOn the Fly: Analyst Downgrade Summary
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07:42 EDTPANW, FEYE, CHKP, FTNTIT security demand very strong, says Wells Fargo
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06:24 EDTCHKP, FTNT, FEYE, IMPVJPMorgan downgrades three in Software, FireEye a top pick
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05:40 EDTCHKPCheck Point downgraded to Neutral from Overweight at JPMorgan
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January 20, 2015
08:24 EDTPANWPalo Alto price target raised to $165 from $130 at Stephens
Stephens said it came away from a call with the CMO of Palo Alto Networks believing that the company's newly released "Traps" endpoint product has the potential to provide the next leg of growth for the company. Citing expectations for Traps, the raised its price target on Palo Alto to $165 from $130 and reiterates its Overweight rating on the stock.
January 19, 2015
12:39 EDTFEYEFireEye achieves certification within UK Cyber Essentials Scheme
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