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Stock Market & Financial Investment News

News Breaks
April 10, 2014
08:57 EDTPANW, IMPV, PFPTImperva should be bought after negative preannouncement, says Pacific Crest
After Impreva preannounced lower than expected Q1 revenue, Pacific Crest blamed the miss on a lack of sales execution and lengthening sales cycles. However, the firm is still upbeat on Imperva's outlook, as it expects demand for security products to increase. Pacific Crest reduced its price target on Imperva to $48 from $62. It recommends buying other IT security names, including Palo Alto (PANW) and Proofpoint (PFPT), on weakness in the wake of Imperva's guidance. The firm keeps Outperform ratings on all the stocks named.
News For IMPV;PANW;PFPT From The Last 14 Days
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July 31, 2015
09:09 EDTPFPTProofpoint has positive read through from FireEye results, says JMP Securities
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July 30, 2015
18:24 EDTPANWFireEye CEO says 'a lot of people' want CFO job
FireEye (FEYE) CEO David Dewalt says "for the most part," company does not compete with Palo Alto (PANW). Says Homeland Security certification "really helping sales." Says has "fantastic interim CFO." Calls CFO transitions "natural." Says "already a lot of people that want this CFO job." Dewalt is speaking on CNBC's "Mad Money."
July 29, 2015
08:35 EDTIMPV, PFPT, PANWUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
July 28, 2015
11:49 EDTPFPTProofpoint management to meet with JMP Securities
Meeting to be held in Los Angeles on August 3 hosted by JMP Securities.
July 27, 2015
07:16 EDTIMPVImperva announces agreement with Raytheon Websense
Imperva (IMPV) and Raytheon Websense, a joint venture of Raytheon (RTN) and Vista Equity Partners announced an agreement to facilitate safe and productive use of cloud apps for organizations of all sizes. The technology licensing and joint marketing agreement enables Raytheon Websense to embed the Imperva Skyfence Cloud App Catalog into its web security gateway products and also certifies joint interoperability to make it easier for customers to deploy and integrate the solutions.
July 24, 2015
09:21 EDTPFPTProofpoint price target raised to $80 from $63 at Pacific Crest
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07:53 EDTPFPTProofpoint price target raised to $77 from $70 at Stephens
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07:47 EDTPFPTProofpoint reported impressive results, says RBC Capital
RBC Capital notes that Proofpoint's billings accelerated in Q2, while the company raised its Q3 and 2015 revenue guidance. The firm thinks the company has several positive catalysts going forward. It raised its price target on the name to $80 from $70 and keeps an Outperform rating.
06:01 EDTPFPTProofpoint price target range raised to $83-$86 at Wells Fargo
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05:45 EDTPANW, PFPTProofpoint price target raised to $80 from $70 at Summit Research
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July 23, 2015
19:06 EDTPFPTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Amazon (AMZN), up 17.2%... Marketo (MKTO), up 15.4%... Juniper Networks (JNPR), up 9.9%... NetGear (NTGR), up 9.2%... Qlik Technologies (QLIK), up 9.1%... LogMeIn (LOGM), up 9.9%... Pandora (P), up 10.3%... Mitek Systems (MITK), up 7.8%... Proofpoint (PFPT), up 5.1%... Supreme Industries (STS), up 4.7%... Skyworks (SWKS), up 3.6%... IGI Laboratories (IG), up 3.7%... Maxim Integrated Products (MXIM), up 4.1%... Boyd Gaming (BYD), up 4.1%... Trinity Industries (TRN), up 5%... Trinity Industries (N), up 3.2%... Starbucks (SBUX), up 4.5%. ALSO HIGHER: Qorvo (QRVO), up 2.7% after Skyworks reported quarterly results. DOWN AFTER EARNINGS: TrueCar (TRUE), down 33.1% after reporting quarterly results and cutting fiscal 2015 revenue guidance... Tripadvisor (TRIP), down 9.2%... Align Technology (ALGN), down 7.4%... Capital One (COF), down 4.9%... PMC-Sierra (PMCS), down 9.1%... athenahealth (ATHN), down 2.1%. ALSO LOWER: Sunesis Pharmaceuticals (SNSS), down 59.7% after giving vosaroxin regulatory update... Avalanche Biotechnologies (AAVL), down 5.6% after CEO Thomas Chalberg, Jr., Ph.D. resigns and Hans Hull name interim CEO.
18:21 EDTPANWOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by day’s end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
16:27 EDTPFPTProofpoint sees FY15 adjusted EPS (40c)-(39c), consensus (38c)
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16:25 EDTPFPTProofpoint sees Q3 adjusted EPS (12c)-(11c), consensus (9c)
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16:24 EDTPFPTProofpoint reports Q2 adjusted EPS (9c), consensus (9c)
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15:04 EDTPFPTNotable companies reporting after market close
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11:32 EDTPANWIT security stocks climb after Fortinet, F5 beat expectations
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