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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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September 17, 2014
15:12 EDTFEYEFireEye September volatility elevated into webinar to discuss new services
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09:02 EDTFEYELilien Systems, FireEye announce partnership
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September 15, 2014
18:25 EDTSYMCFinjan Holdings provides update on Federal Circuit Ruling in patent case
Finjan Holdings (FNJN) provides an update on the case Finjan, Inc. v. Symantec Corp. (SYMC), Websense (WBSN), Inc., Sophos. This patent infringement suit dates back to a legacy litigation filed on July 12, 2010, in the U.S. District Court for the District of Delaware against Symantec Corp., Websense, Inc., Sophos Inc., et al. During this time, two of the five defendants settled; for the three remaining defendants, Websense, Inc., Sophos Inc., and Symantec Corp., the verdict resulted in a finding of invalidity of certain asserted claims of Finjan's patents, U.S. Patent Nos. 6,092,194 and 6,480,962, and non-infringement of same, against the three parties. Finjan's Appeal Brief was filed on December 10, 2013, and the Oral Argument was heard on September 9, 2014. The Court of Appeals for the Federal Circuit issued a decision, affirming the District Court's prior ruling with no opinion, citing Federal Circuit Rule 36. Rule 36 findings by the Court do not provide any additional insight or context into the Court's decision in the case. This CAFC ruling was the most recent outcome in the process to reverse the lower Court's finding of invalidity on claims in the two patents. The two patents in question are not at issue in any of six currently pending cases in the Northern District of California, including three separate actions involving the three remaining parties in the appeal, noted previously. "While we are disappointed with the Panel's finding, we continue to believe in the Court's ability to adjudicate complicated issues in patent cases," commented Julie Mar-Spinola, VP Legal Operations of Finjan. "The two patents in question represent a small number – two of twenty –currently involved in our licensing and enforcement program related to Finjan's pioneering cybersecurity related technologies." Finjan has also filed patent infringement lawsuits against FireEye, Inc., Blue Coat, Inc., Websense, Inc., Sophos Inc. and Symantec Corp. relating to, collectively, more than 20 patents in the Finjan portfolio. The company will continue to provide timely updates of important events relating to these matters on an on-going basis.
09:59 EDTSYMCOn The Fly: Analyst Downgrade Summary
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08:03 EDTBRCDBrocade acquires Vistapointe in all cash transaction
Brocade announced that it has acquired the network visibility and analytics technology assets in an all cash transaction from privately held Vistapointe, which has offices in the U.S., Ireland, and India. The acquisition enables Brocade to address the emerging opportunities and requirements of its service provider customers, especially global Mobile Network Operators. As part of the transaction, Vistapointe CEO, Ravi Medikonda, has joined Brocade as vice president of the Network Visibility and Analytics product group. Furthermore, Brocade has hired the Vistapointe development team, and they will report into Medikonda as part of the new business unit.
07:22 EDTBRCDAir Force Association to hold a conference
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06:06 EDTSYMCSymantec downgraded to Sector Perform from Outperform at RBC Capital
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September 12, 2014
08:10 EDTIMPVImperva price target raised to $41 from $33 at RBC Capital
RBC Capital increased its price target on Imperva after meeting with the company's management, as the firm thinks the company's recent problems were caused by execution difficulties which have been addressed. The firm believes that the company can grow at a 20%-25% clip over the next several years, and it keeps an Outperform rating on the shares.
September 11, 2014
14:16 EDTSYMCSymantec downgraded to Hold from Buy at Standpoint Research
12:44 EDTFEYEFireEye volatility at nine-month lows
FireEye September and October option implied volatility is at 56, December is at 54; compared to its 26-week average of 68 according to Track Data, suggesting decreasing price movement.
11:53 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 16 call option implied volatility decreased 3% to 65, FireEye (FEYE) March 40 call option implied volatility decreased 3% to 55 according to IVolatility.
11:26 EDTFEYEFireEye has a bullish pattern in progress, levels to watch
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September 10, 2014
10:00 EDTIMPVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
09:22 EDTIMPVOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
08:39 EDTIMPVImperva upgraded at Oppenheimer
As noted earlier, Oppenheimer upgraded Imperva to Outperform from Perform. The firm's mid-quarter checks indicate that the company is tracking ahead of guidance, while its execution is improving and it is benefiting from growing threats, according to the firm. Target $39.
07:24 EDTSYMCSymantec coverage assumed with a Neutral at MKM Partners
Target $24.
06:11 EDTIMPVImperva upgraded to Outperform from Perform at Oppenheimer
September 8, 2014
10:06 EDTFEYEOn The Fly: Analyst Upgrade Summary
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09:12 EDTFEYEOn The Fly: Pre-market Movers
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06:31 EDTFEYEFireEye upgraded to Buy from Neutral at UBS
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