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Stock Market & Financial Investment News

News Breaks
April 9, 2014
17:49 EDTIMPV, CHKP, FTNT, FEYE, PANW, SYMCImperva 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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August 29, 2014
11:54 EDTFEYEStocks with call strike movement; GTAT FEYE
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08:00 EDTFTNTCyber security outlook remains positive, says Wells Fargo
After conducting checks, Wells Fargo believes that demand for cyber security products remains strong, as increased spending trends seen in 1H14 are sustainable through 2H14 and into 2015. The firm thinks that Palo Alto (PANW) stands to benefit most from an upcoming improved network refresh cycle, while Fortinet (FTNT) seems to be gaining traction with enterprises. Wells keeps Outperform ratings on Fortinet PAl Alto and Fireeye (FEYE) and a Market Perform rating on Symantec (SYMC).
August 28, 2014
09:57 EDTSYMC, CHKP, FEYEOn The Fly: Analyst Initiation Summary
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06:54 EDTPANWPalo Alto coverage resumed with a Buy at Stifel
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06:54 EDTSYMCSymantec coverage resumed with a Hold at Stifel
06:54 EDTFTNTFortinet coverage resumed with a Hold at Stifel
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06:54 EDTCHKPCheck Point coverage resumed with a Hold at Stifel
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August 27, 2014
18:38 EDTFEYEOn The Fly: After Hours Movers
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16:11 EDTFEYEFireEye initiated with a Buy at Stifel
Target $45.
August 26, 2014
15:59 EDTFEYEFireEye volatility flat on wide price movement
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09:04 EDTFTNTFortinet plans to establish R&D center in Singapore
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August 25, 2014
11:39 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 20 call option implied volatility increased 2% to 65, FireEye (FEYE) December 34 call option implied volatility increased 5% to 63 according to IVolatility.
August 21, 2014
09:22 EDTFEYEFireEye has further downside, says Northland
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08:30 EDTFEYEFireEye valuation attractive, says Goldman
Goldman views Buy rated FireEye's share price as an attractive entry point for best-in-class growth, attractive positioning, reset expectations, and positive industry themes.
August 20, 2014
08:02 EDTPANWPalo Alto expands global distribution agreement with Westcon Group
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August 19, 2014
11:27 EDTFEYEFireEye drops sharply, levels to watch
In the last 15 minutes the shares have taken a sharp turn lower, lead by a large block trade of 4.89M shares. At the current price of $27.96, the stock is down over 2.9%. Next support at current price is at $27.25. Resistance is at $28.81.
11:05 EDTIMPV, CHKPImperva seen as takeover candidate under new CEO
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08:42 EDTIMPV, CHKPImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
07:41 EDTIMPVImperva new CEO positive, says Oppenheimer
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06:17 EDTSYMCSymantec turns attention to smartphones, connected devices, WSJ reports
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