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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:26 EDTBRCD, IMPV, SYMC, CHKP, FEYEIT 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 17, 2014
10:02 EDTIMPVOn The Fly: Analyst Downgrade Summary
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06:48 EDTIMPV, FEYE, CHKP, 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 EDTSYMC, FEYE, 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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November 12, 2014
15:08 EDTSYMCEarnings Preview: Cisco reports amid analyst debate on break-up potential
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14:17 EDTFEYEFireEye CEO says seeing geographic opportunity
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07:15 EDTCHKPCheck Point price target raised to $85 from $75 at BofA/Merrill
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November 11, 2014
10:00 EDTSYMC, IMPV, CHKP, FEYEOn The Fly: Analyst Initiation Summary
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07:19 EDTIMPVBarracuda, Imperva, Palo Alto should be bought, says Pacific Crest
Pacific Crest recommends buying Barracuda (CUDA), Imperva (IMPV), and Palo Alto (PANW), as the firm expects IT security to continue growing strongly. The firm thinks the companies named have compelling margins and free cash flow.
06:36 EDTIMPVImperva initiated with an Outperform at Macquarie
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06:11 EDTSYMCSymantec initiated with a Neutral at Macquarie
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06:10 EDTFEYEFireEye initiated with a Neutral at Macquarie
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06:10 EDTCHKPCheck Point initiated with an Outperform at Macquarie
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November 10, 2014
15:43 EDTIMPVAmerican Petroleum Institute to hold a conference
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14:38 EDTFEYE, CHKP, IMPV, SYMCU.S. Postal Service suffered cyberattack, NY Times reports
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12:42 EDTFEYEFireEye details hack attack found on Apple operating system
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12:39 EDTFEYEFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:30 EDTFEYEFireEye advances after JPMorgan adds to Focus List
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07:30 EDTFEYEFireEye added to Focus List, Akamai removed at JPMorgan
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