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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 30, 2014
16:22 EDTIMPVImperva sees FY14 EPS (77c)-(72c), consensus (96c)
Sees FY14 revenue $161.2M-$163.2M, consensus $158.73M.
16:21 EDTIMPVImperva sees Q4 EPS (7c)-(2c), consensus (7c)
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16:20 EDTIMPVImperva reports Q3 EPS (10c), consensus (29c)
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12:57 EDTIMPVImperva management to meet with Pacific Crest
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October 28, 2014
10:52 EDTFEYE, CHKPIT security stocks climb after FireEye upgrade, Radware outlook
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10:12 EDTFEYEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Buffalo Wild Wings (BWLD) upgraded to Outperform at RW Baird... CPFL Energia (CPL) upgraded to Buy from Neutral at UBS... Core Laboratories (CLB) upgraded to Overweight from Equal Weight at Morgan Stanley... Dril-Quip (DRQ) upgraded at Morgan Stanley... DryShips (DRYS) upgraded to Outperform from Underperform at Imperial Capital... FireEye (FEYE) upgraded to Positive from Mixed at OTR Global... GOL Linhas (GOL) upgraded to Outperform from Market Perform at Raymond James... Madison Square Garden (MSG) upgraded to Buy from Hold at ISI Group... Nobel Biocare (NBHGY) upgraded to Neutral from Underweight at JPMorgan... STMicroelectronics (STM) upgraded to Neutral from Sell at Citigroup... Trinity Industries (TRN) upgraded to Positive from Neutral at Susquehanna... Twitter (TWTR) upgraded to Hold from Sell at Pivotal Research... Wal-Mart de Mexico (WMMVY) upgraded to Overweight from Equal Weight at Barclays... Wright Medical (WMGI) upgraded at RBC Capital... XL Group (XL) upgraded to Hold from Sell at Deutsche Bank.
09:22 EDTFEYEFireEye upgraded to Positive from Mixed at OTR Global
OTR Global raised FireEye's view to Positive based on strong demand for malware protection due to recent security breaches.
October 27, 2014
07:53 EDTIMPVImperva shares should be bought into results, says Pacific Crest
Pacific Crest expects Imperva's Q2 results to beat expectations, and the firm remains upbeat on the company's products.
07:25 EDTFEYEFireEye November weekly volatility elevated into Q3 and outlook
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October 24, 2014
10:03 EDTCHKPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
06:43 EDTCHKPCheck Point upgraded to Buy from Hold at Needham
Price target is $80.
October 23, 2014
11:25 EDTFEYE, CHKPInternet security names climb after Check Point, Fortinet beat expectations
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08:46 EDTCHKPCheck Point sees FY adjusted EPS $3.64-$3.74, consensus $3.66
Sees FY revenue $1.47B-$1.55B, consensus $1.48B.
08:45 EDTCHKPCheck Point sees Q4 adjusted EPS 99c-$1.09, consensus $1.03
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08:17 EDTSYMCIDC says IBM should look at Symantec info-management unit, Bloomberg reports
Analysts have said acquisitions would be a better use of IBM's (IBM) cash than share repurchases and IDC Corp. pointed to Symantecís (SYMC) information-management division and cloud-storage provider Box as two logical options, reported Bloomberg's "Real M&A" column. Reference Link
05:44 EDTCHKPCheck Point reports Q3 EPS 93c, consensus 91c
Reports Q3 revenue $370.37M, consensus $367.1M.
October 22, 2014
06:44 EDTIMPV, FEYE, SYMC, CHKPU.S. weighing cybersecurity requirements for bank vendors, NY Times says
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October 20, 2014
16:07 EDTIMPVImperva announces Kim DeCarlis joins company as CMO
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