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Stock Market & Financial Investment News

News Breaks
April 9, 2014
17:49 EDTFEYE, IMPV, SYMC, FTNT, PANW, CHKPImperva 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, 2016
19:09 EDTFEYE, PANW, FTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
16:44 EDTFTNTFortinet up 13.1% after reporting Q4 results, announcing guidance, share buyback
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16:41 EDTFTNTFortinet sees FY16 EPS 67c-69c, consensus 68c
Sees FY16 revenue $1.25B-$1.26B, consensus $1.24B. Sees FY16 billings $1.51B-$1.52B. Sees FY16 gross margin approximately 73%.
16:39 EDTFTNTFortinet sees Q1 EPS 8c-9c, consensus 13c
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16:23 EDTFTNTFortinet announces new $200M share repurchase program
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16:21 EDTFTNTFortinet reports Q4 EPS 18c, consensus 18c
Reports Q4 revenue $296.5M, consensus $296.2M. Reports Q4 billings of $380.9M, up 35% year over year
14:29 EDTFTNTNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Microsoft (MSFT), consensus 71c... Amazon (AMZN), consensus $1.56... Amgen (AMGN), consensus $2.29... Electronic Arts (EA), consensus $1.81... Skyworks (SWKS), consensus $1.58... Western Digital (WDC), consensus $1.54... Visa (V), consensus 68c... Flextronics (FLEX), consensus 31c... NetSuite (N), consensus 4c... Fortinet (FTNT), consensus 18c... Synaptics (SYNA), consensus $1.58... Proofpoint (PFPT), consensus (11c).
11:33 EDTCHKP, FTNTOptions with increasing call volume
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09:46 EDTFEYEFireEye downgraded to Negative from Mixed at OTR Global
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08:47 EDTCHKPCheck Point sees Q1 adjusted EPS 99c-$1.05, consensus $1.04
Sees Q1 revenue $395M-$410M, consensus $404.83M.
08:47 EDTCHKPCheck Point sees FY16 adjusted EPS $4.45-$4.60, consensus $4.55
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05:30 EDTCHKPCheck Point reports Q4 non-GAAP EPS $1.20, consensus $1.15
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January 27, 2016
14:34 EDTCHKPNotable companies reporting before tomorrow's open
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10:00 EDTIMPVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Airlines (AAL) upgraded to Buy from Neutral at UBS... Armstrong World (AWI) upgraded on valuation at BB&T... Autoliv (ALV) upgraded to Outperform from Neutral at Baird... BHP Billiton (BHP) upgraded to Overweight from Equal Weight at Morgan Stanley... BorgWarner (BWA) upgraded to Outperform from Neutral at Baird... Boyd Gaming (BYD) upgraded on valuation at Sterne Agee CRT... CF Industries (CF) upgraded to Outperform from Underperform at CLSA... Deutsche Boerse (DBOEY) upgraded to Neutral from Underperform at Credit Suisse... Diamond Offshore (DO) upgraded to Neutral from Sell at Clarksons Platou... Exelon (EXC) upgraded to Neutral from Sell at Citi... FCB Financial (FCB) upgraded to Buy from Neutral at Guggenheim... Flushing Financial (FFIC) upgraded to Buy from Hold at Sandler O'Neill... Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank... Huntington Bancshares (HBAN) upgraded to Neutral from Underperform at Macquarie... Imperva (IMPV) upgraded to Outperform from Market Perform at JMP Securities... Lockheed Martin (LMT) upgraded to Outperform from Peer Perform at Wolfe Research... McDonald's (MCD) upgraded to Buy from Hold at Argus... Munich Re (MURGY) upgraded to Overweight from Equal Weight at Morgan Stanley... NextEra Energy (NEE) upgraded to Conviction Buy from Buy at Goldman... PG&E (PCG) upgraded to Buy from Neutral at Goldman... Panera Bread (PNRA) upgraded to Buy from Neutral at BTIG... Raptor Pharmaceuticals (RPTP) upgraded to Buy from Neutral at Citi... Siemens (SIEGY) upgraded to Equal Weight from Underweight at Barclays... Sprint (S) upgraded to Perform from Underperform at Oppenheimer... Stryker (SYK) upgraded to Buy from Hold at Brean Capital... Super Micro Computer (SMCI) upgraded to Positive from Neutral at Susquehanna... Talmer Bancorp (TLMR)upgraded to Outperform from Market Perform at Keefe Bruyette... Terex (TEX) upgraded to Neutral from Underweight at JPMorgan... Transocean (RIG) upgraded to Neutral from Sell at Clarksons Platou... Washington Trust (WASH) upgraded to Buy from Neutral at Compass Point... Yara (YARIY) upgraded to Buy from Hold at Berenberg.
08:36 EDTIMPVImperva upgraded on business momentum at JMP Securities
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08:33 EDTCHKPCyberArk CEO says focused on growing independently, Reuters reports
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07:47 EDTIMPVImperva has good set-up into earnings, says RBC Capital
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06:00 EDTIMPVImperva upgraded to Outperform from Market Perform at JMP Securities
January 26, 2016
10:00 EDTFTNTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amec Foster Wheeler (AMFW) downgraded to Hold from Buy at HSBC... CVR Refining (CVRR) downgraded to Sell from Neutral at Goldman... Cenovus Energy (CVE) downgraded to Neutral from Buy at UBS... Clean Harbors (CLH) downgraded to Underperform from Market Perform at Raymond James... Core Laboratories (CLB) downgraded to Reduce from Hold at HSBC... Delek US (DK) downgraded to Neutral from Buy at Goldman... Deutsche Post (DPSGY) downgraded to Underperform from Outperform at Credit Suisse... Disney (DIS) downgraded to Neutral on reduced ESPN forecasts at Atlantic Equities... Dorian LPG (LPG) downgraded to Market Perform from Outperform at Wells Fargo... Encana (ECA) downgraded to Neutral from Buy at UBS... Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Credit Suisse... General Growth (GGP) downgraded to Equal Weight from Overweight at Barclays... Golden Ocean (GOGL) downgraded to Underweight from Neutral at JPMorgan... Grupo Mexico (GMBXF) downgraded to Neutral from Overweight at JPMorgan... Halliburton (HAL) downgraded to Hold from Buy at HSBC... Marketo (MKTO) downgraded to Underperform at BofA/Merrill... Navios Maritime (NM) downgraded to Neutral from Overweight at JPMorgan... NetSuite (N) downgraded to Underperform at BofA/Merrill... OM Asset Management (OMAM) downgraded to Equal Weight at Morgan Stanley... Paylocity (PCTY) downgraded to Underperform from Neutral at BofA/Merrill... Pennsylvania REIT (PEI) downgraded to Underweight from Equal Weight at Barclays... Pinnacle West (PNW) downgraded to Hold from Buy at Evercore ISI... Public Storage (PSA) downgraded to Equal Weight from Overweight at Barclays... Red Hat (RHT) downgraded to Neutral from Buy at BofA/Merrill... Regal Entertainment (RGC) downgraded on valuation at RBC Capital... Rouse Properties (RSE) downgraded to Equal Weight from Overweight at Barclays... Star Bulk Carriers (SBLK) downgraded to Neutral from Overweight at JPMorgan... Stratasys (SSYS) downgraded to Neutral from Overweight at JPMorgan... Subsea 7 (SUBCY) downgraded to Reduce from Hold at HSBC... US Ecology (ECOL) downgraded to Market Perform from Outperform at Raymond James... USG (USG) downgraded to Underperform from Neutral at Credit Suisse... Vornado (VNO) downgraded to Equal Weight from Overweight at Barclays... Weir Group (WEIGY) downgraded to Underperform from Hold at Jefferies.
05:57 EDTFTNTFortinet downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Imtiaz Koujalgi downgraded Fortinet to Hold saying his Q4 channel checks indicated a slowdown in momentum. The analyst sees downside risk to expectations and cut his price target for the shares to $34 from $49.
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