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Stock Market & Financial Investment News

News Breaks
February 7, 2014
12:26 EDTSYMC, CHKP, FEYE, BRCD, IMPVIT 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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April 13, 2015
16:09 EDTBRCDBrocade initiated with a Neutral at Wedbush
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11:24 EDTFEYEStocks with call strike movement; GPRO FEYE
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10:48 EDTSYMCOptions with increasing implied volatility
Options with increasing implied volatility: CLDN WETF EWH FOSL FXI TLM PRGO ATHN SYMC MAC
09:59 EDTSYMCSymantec split would be positive, says Wells Fargo
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09:33 EDTSYMCSymantec sale of Veritas would be good outcome, says Cowen
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08:06 EDTSYMCSymantec expands Incident Response Services globally
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07:08 EDTSYMCSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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06:47 EDTSYMC, FEYEPalo Alto, FireEye remain Piper's favorite security ideas
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06:21 EDTFEYEFireEye April volatility elevated into Q1 and outlook
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April 12, 2015
18:11 EDTSYMC, IMPV, CHKP, FEYEEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
12:48 EDTFEYEFireEye executive Kevin Mandia to appear on 60 Minutes broadcast
In a blog post from its website, FireEye said: "A little over four months ago, more than 18M viewers watched the 60 Minutes segment 'What Happens When You Swipe Your Credit Card,' in which FireEye was featured prominently. It was the most watched 60 Minutes broadcast in two years. Earlier this year, this legendary TV broadcast magazine was back for more, again turning to FireEye for our insights on the evolving threat landscape.Correspondent Steve Kroft and his producers spent a day on the FireEye campus and hours interviewing FireEye President Kevin Mandia for a segment that will appear on the 60 Minutes broadcast this Sunday, April 12." Reference Link
April 11, 2015
15:01 EDTSYMCSymantec to hold analyst day
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April 10, 2015
16:05 EDTSYMCSymantec exploring sale of Veritas data-storage unit, WSJ says
Symantec, which has previously announced plans to split up its cybersecurity and information-management businesses, is exploring a sale of its Veritas data-storage and recovery business, which could fetch more than $8B, said The Wall Street Journal, citing sources. Potential buyers approached Symantec before it began contacting possible bidders, but it has since contacted private-equity firms and companies in the industry that may be interested in Veritas, the report added. Reference Link
15:38 EDTSYMCSymantec jumps 7% after report of exploring Veritas sale
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15:36 EDTSYMCSymantec exploring sale of Veritas unit, DJ says
The sale could bring more than $8B, according to sources, DJ reports.
07:33 EDTCHKPCheck Point price target raised to $94 from $85 at BofA/Merrill
BofA/Merrill raised Buy rated Check Point's price target to $94 given favorable sector trends, a broad product portfolio, and large installed base.
April 8, 2015
16:47 EDTBRCDBrocade discloses stock plan amended to raise share reserve by 29.5M shares
Brocade disclosed in a regulatory filing that on April 7, the stockholders of Brocade approved an amendment and restatement of the companyís 2009 Stock Plan to increase the Stock Planís share reserve by 29.5M shares and change the fungible ratio at which certain awards without an exercise price are deducted from and returned to the Stock Plan.
11:08 EDTSYMC, CHKP, IMPV, FEYECybersecurity stocks in focus after White House security breach
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09:36 EDTIMPV, SYMC, CHKP, FEYESingtel acquires cybersecurity company Trustwave for $810M
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April 6, 2015
11:30 EDTFEYEOptions with increasing implied volatility
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