New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 24, 2015
09:16 EDTFTNTFortinet price target raised to $43 from $37 at BofA/Merrill
BofA/Merrill recommends focusing on Fortinet given 2015 revenue growth acceleration and margin improvement. The firm said Fortinet trades significantly below the peer group but is exhibiting accelerating billings and revenue growth and strong demand for new products. The firm reiterates its Buy rating and raised its price target to $43 and views downside as limited.
08:32 EDTCHKP, FTNT, PANW, FEYEFBR checks show strong cybersecurity deal momentum
FBR Capital raised its price targets in the next-generation cybersecurity space after its channel checks showed strong deal momentum so far in the March quarter. The firm believes the "massive upgrade cycle" for next-generation cybersecurity remains in the early days. It raised its price target for Fortinet (FTNT) to $39 from $36, for Palo Alto (PANW) to $160 from $121, for FireEye (FEYE) to $53 from $45, for Proofpoint (PFPT) to $67 from $60 and for Check Point (CHKP) to $93 from $85.
07:41 EDTPANWPalo Alto volatility elevated into Q2 and outlook
Subscribe for More Information
07:18 EDTPANWPalo Alto results likely to beat expectations, says RBC Capital
Subscribe for More Information
05:27 EDTCHKPCheck Point and Adallom announce partnership for SaaS document protection
Adallom and Check Point announced a new partnership aimed to protect business documents stored in SaaS environments. The migration of enterprise data to cloud applications coupled with the massive surge in mobile device usage may challenge IT and security teams. As a result, sensitive corporate documents may be shared with anyone with a single link, or downloaded to unmanaged devices; and users with access to sensitive documents may still have access to them after they depart the company.
February 23, 2015
10:51 EDTFEYEStocks with call strike movement; FEYE AAL
Subscribe for More Information
10:32 EDTFEYEFireEye falls, levels to watch
Subscribe for More Information
10:15 EDTCHKP, SYMC, FTNT, PANW, FEYE, IMPVCyberArk sinks after JPMorgan analyst cuts rating to sell
Subscribe for More Information
08:27 EDTPANWPalo Alto price target raised to $150 from $130 at Pacific Crest
Subscribe for More Information
05:54 EDTSYMCSymantec management to meet with JMP Securities
Subscribe for More Information
05:52 EDTPANWCyberArk downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Cyberark Software (CYBR) to Underweight, its sell-equivalent, saying "a lot needs to go right" to justify the current valuation. JPMorgan keeps a $42 price target for the stock, well below Friday's closing price of $70.35. It points out that CyberArk's valuation is in-line with Palo Alto Networks (PANW), despite the latter company's total addressable market being roughly five times larger in its estimation. Cyberark is an Israel-based security company offering protections against cyber attacks.
February 20, 2015
09:08 EDTFEYEFireEye price target raised to $50 from $44 at UBS
UBS raised its price target on FireEye to $50 from $44 following meetings with management. The firm cited improved business trends, new partnerships and higher state and local government spending. UBS reiterated its Buy rating on FireEye shares.
February 19, 2015
12:30 EDTIMPVImperva management to meet with Sterne Agee
Subscribe for More Information
08:34 EDTSYMCIntralinks expands Enterprise Fabric partner ecosystem
Subscribe for More Information
February 18, 2015
08:32 EDTCHKPCheck Point acquires Hyperwise, terms not disclosed
Subscribe for More Information
February 17, 2015
08:34 EDTSYMCImprivata announces partnership with Symantec
Subscribe for More Information
08:06 EDTIMPVImperva revenue growth set to rebound, says Oppenheimer
After meeting with Imperva's management, Oppenheimer says that the company's focus on salesforce best practices and its good execution should cause its revenue growth to accelerate. The firm adds that demand for the company's products is strong, and it keeps a $55 price target and Outperform rating on the shares.
07:50 EDTFEYEFireEye price target raised to $49 from $44 at BofA/Merrill
BofA/Merrill raised Buy rated FireEye's price target to $49 to reflect expected improvements in cash flow as investment in international infrastructure and M&A slows. The firm continues to view FireEye as a top pick given technological advantages, upside to billings and revenue growth, execution abilities, and strong sector trends.
07:22 EDTSYMCMitsubishi UFJ to hold a tour
Subscribe for More Information
February 15, 2015
17:43 EDTCHKP, FEYE, SYMC, PANW, IMPV, FTNTCybersecurity firm Kaspersky warns of cyber attack on banks, FT says
Subscribe for More Information
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