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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:26 EDTIMPV, SYMC, CHKP, FEYE, BRCDIT security names climb after Imperva revenue beats expectations
A number of IT security stocks are rising after one of the companies in the sector, Imperva (IMPV), reported higher than expected fourth quarter revenue. WHAT'S NEW: Imperva, which provides data security products, reported fourth quarter revenue of $42.7 million, versus analysts' consensus estimate of $41.61M. The company's earnings per share, however, came in at 6c, versus the consensus estimate of 11c. Imperva noted that it had continued to accelerate its investments in sales and marketing support, as well as product development infrastructure during the quarter, in order to take advantage of global demand for its products. Imperva said that it had added 237 new customers last quarter, up from 199 during the same period a year earlier. "Customer demand remains solid across all geographies, and our overall bookings growth once again outpaced revenue growth as our investment in sales and marketing infrastructure continues to pay off," said Imperva CEO Shlomo Kramer. Imperva's fiscal 2014 revenue guidance came in above expectations, but its EPS outlook was well below the consensus outlook. The company said that its forecast for a significant fiscal 2014 operating loss reflects expenses from recent acquisitions, as well as ongoing investments in R&D, sales and marketing. PRICE ACTION: In late morning trading, Imperva surged 7.9% to $59.65. Other IT security companies also advanced, with FireEye (FEYE) rising 6.3% to $70.50, Symantec (SYMC) gaining 1.5% to $20.80, Barracuda (BRCD) gaining 2% to $31.20, and Check Point (CHKP) adding 0.7% to $64.70.
News For IMPV;FEYE;SYMC;BRCD;CHKP From The Last 14 Days
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March 31, 2015
11:14 EDTFEYEOptions with increasing implied volatility
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10:01 EDTBRCDOn The Fly: Analyst Upgrade Summary
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06:32 EDTBRCDBrocade upgraded to Market Perform from Underperform at William Blair
William Blair upgraded Brocade (BRCD) to Market Perform saying the growing tension between EMC (EMC) and Cisco (CSCO) will lead to the company gaining share in Fibre Channel switching.
March 30, 2015
10:46 EDTFEYEOptions with increasing implied volatility
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March 27, 2015
10:03 EDTFEYEOn The Fly: Analyst Initiation Summary
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March 26, 2015
16:52 EDTFEYEFireEye initiated with a Market Perform at Raymond James
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March 25, 2015
08:54 EDTSYMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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March 20, 2015
15:40 EDTFEYE, CHKP, IMPV, SYMCMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
March 19, 2015
08:45 EDTFEYEHouse Permanent Select Committee on Intelligence to hold a hearing
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