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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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October 1, 2014
07:50 EDTIMPVImperva Q3 revenue likely at higher end of guidance, says Oppenheimer
After conducting checks, Oppneheimer says that Imperva had a solid close to Q3 with a strong pipeline building into Q4. The firm expects the company's Q3 revenue to come in at the upper portion of its guidance range, and it views the stock's valuation as compelling. Oppenheimer keeps an Outperform rating on the shares.
September 30, 2014
09:48 EDTPANWPalo Alto to hold a webinar
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September 26, 2014
08:02 EDTSYMCSymantec new CEO a safe, logical choice, says RBC Capital
After Symantec announced that its interim CEO, Michael Brown, would be the company's permanent CEO, RBC Capital thinks Brown was the "safe, logical "choice, given his long tenure on the board and six months as interim CEO. The firm believes that Brown has a "calming" influence on the company, but views his selection as "more of a neutral event." It keeps a Sector Perform rating on the shares.
08:00 EDTSYMCSymantec CEO decision positive, says JMP Securities
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06:39 EDTCHKP, FEYE, FTNT, IMPV, SYMC, PANWMost connected devices have security flaw, NY Times says
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September 25, 2014
16:01 EDTSYMCSymantec names Michael Brown as CEO
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September 23, 2014
07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
September 19, 2014
07:46 EDTFEYEFireEye well-positioned to increase share, says Wells Fargo
After viewing a webinar on FireEye's product initiatives, Wells Fargo thinks the initiatives will probably generate minimal revenue over the next 6-12 months, but leave the company well-positioned to take an increasing share of the total cyber security market. The firm keeps an Outperform rating on the shares.
07:13 EDTFEYEFireEye price target raised to $40 from $36 at Piper Jaffray
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September 18, 2014
15:41 EDTFEYEFireEye lays out details of new 'FireEye as a Service' offering
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September 17, 2014
15:12 EDTFEYEFireEye September volatility elevated into webinar to discuss new services
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09:02 EDTFEYELilien Systems, FireEye announce partnership
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