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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:26 EDTCHKP, FEYE, BRCD, IMPV, SYMCIT 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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November 24, 2014
10:00 EDTIMPVOn The Fly: Analyst Initiation Summary
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08:34 EDTSYMC, CHKPJefferies software analysts hold an analyst/industry conference call
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07:14 EDTIMPVImperva initiated with a Buy at Needham
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November 23, 2014
16:41 EDTSYMCSymantec discovers advanced piece of malware known as Regin
Symantec announced in a company blog post that it has discovered an advanced piece of malware, known as Regin that has been used in systematic spying campaigns against a range of international targets since at least 2008. In the blog post Symantec noted: "A back door-type Trojan, Regin is a complex piece of malware whose structure displays a degree of technical competence rarely seen. Customizable with an extensive range of capabilities depending on the target, it provides its controllers with a powerful framework for mass surveillance and has been used in spying operations against government organizations, infrastructure operators, businesses, researchers, and private individuals. It is likely that its development took months, if not years, to complete and its authors have gone to great lengths to cover its tracks. Its capabilities and the level of resources behind Regin indicate that it is one of the main cyberespionage tools used by a nation state...Regin is a highly-complex threat which has been used in systematic data collection or intelligence gathering campaigns. The development and operation of this malware would have required a significant investment of time and resources, indicating that a nation state is responsible. Its design makes it highly suited for persistent, long term surveillance operations against targets. The discovery of Regin highlights how significant investments continue to be made into the development of tools for use in intelligence gathering. Symantec believes that many components of Regin remain undiscovered and additional functionality and versions may exist. Additional analysis continues and Symantec will post any updates on future discoveries. "Reference Link
November 21, 2014
10:38 EDTSYMCJefferies says Microsoft, Salesforce.com, Symantec facing significant problems
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10:01 EDTSYMC, CHKPOn The Fly: Analyst Initiation Summary
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06:02 EDTSYMCSymantec implied volatility of 18 at lower end of index mean range
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November 20, 2014
16:56 EDTCHKPCheck Point initiated with a Buy at Jefferies
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16:17 EDTSYMCSymantec initiated with an Underperform at Jefferies
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13:41 EDTBRCDBrocade December volatility elevated into Q3 and outlook
Brocade December call option implied volatility is at 36, January is at 30, March is at 28; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q3 on November 24.
10:55 EDTFEYEFireEye December calls active
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November 19, 2014
09:01 EDTFEYEBig data for security could reach $4B-$5B, says FBR Capital
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07:51 EDTFEYEClearing House Payments Company to hold a conference
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07:46 EDTSYMCSymantec, Hewlett-Packard announce DRaaS solution partnership
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07:40 EDTCHKP, FEYE, SYMCUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 17, 2014
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTCHKP, IMPV, FEYE, SYMCState Department hacked, NY Times reports
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05:29 EDTIMPVImperva downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Imperva to Neutral citing the recent outperformance of shares. The firm raised its price target for the stock to $45 from $42.
November 16, 2014
19:34 EDTFEYE, SYMC, CHKPFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
07:46 EDTFEYEFireEye growth outlook has improved, says Wells Fargo
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