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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:26 EDTIMPV, FEYE, SYMC, BRCD, CHKPIT 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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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 29, 2014
08:33 EDTBRCDBrocade upgraded to Hold from Sell at Summit Research
Summit Research upgraded Brocade to Hold citing a better outlook for the company's Fibre Channel business. The firm raised its price target for shares to $10 from $8.50.
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 EDTSYMC, IMPV, FEYE, CHKPMost 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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07:49 EDTBRCDBrocade management to meet with UBS
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September 22, 2014
11:59 EDTBRCDBrocade management to meet with Craig-Hallum
Meetings to be held in Canada on September 25 and in Chicago on September 26 hosted by Craig-Hallum.
10:21 EDTBRCDBrocade to host investor day
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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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