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Stock Market & Financial Investment News

News Breaks
July 22, 2014
13:25 EDTJNPR, PANWEarnings Preview: Juniper sahres rise ahead of Q2 earnings report
Juniper Networks (JNPR) is scheduled to report second quarter earnings after the market close on Tuesday, July 22, with a conference call scheduled for 5:00 pm ET. Juniper Networks designs and sells network infrastructure solutions for service providers and enterprise customers. EXPECTATIONS: Analysts are looking for EPS of 38c on revenue of $1.22B, according to First Call. The consensus range for EPS is 36c-39c on revenue of $1.20B-$1.24B. In its first quarter earnings release, the company said it sees Q2 adjusted EPS of 36c-39c on revenue of $1.2B-$1.23B, and both of those forecasts were in-line with estimates. LAST QUARTER: On April 22, Juniper reported Q1 adjusted EPS of 29c which matched estimates and revenue of $1.17B against expectations for $1.15B. NEWS: Juniper announced that it has entered into a settlement agreement with Palo Alto Networks (PANW) which resolved patent litigation between the two companies. Under the terms of the settlement, Palo Alto Networks made one-time payment to Juniper Networks of $75M in cash and $100M in shares of common stock and warrants to purchase common stock. With this settlement, Juniper Networks and Palo Alto Networks planned to dismiss all patent litigation pending in Delaware and California. RESEARCH: After news that Juniper settled a patent litigation agreement with Palo Alto on May 29, UBS said Juniper's $175M settlement is a positive as it allows the company to focus on its IPO and deliver on profitability targets. The firm gave shares a Buy rating. Oppenheimer said the deal would enable Juniper to focus more intently on its Integrated Operating Plan and free up some of its resources. The firm thinks the deal will raise Juniper's EPS by about 1c per quarter. It keeps an Outperform rating on Juniper. Deutsche Bank and Janney Capital echoed positive opinions about the news. Mizuho downgraded Juniper to Neutral from Buy on June 19, but on June 30, Cantor said that it believes the company's Integrated Operating Plan has longer term implications. After the company's stock fell 15% from its 2014 peak, the firm feels that the shares can rebound significantly from current levels. It maintained a $32 price target and Buy rating on the shares. PRICE ACTION: Since Juniperís Q1 report, shares of the company fell 1.38%. In afternoon trading ahead of its Q1 report, Juniper is up 2.2% to $24.99.
News For JNPR;PANW From The Last 14 Days
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March 30, 2015
07:28 EDTPANWPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
07:06 EDTPANWPalo Alto April volatility low into a company hosted investor meeting
Palo Alto April weekly call option implied volatility is at 42, April is at 33, June is at 35; compared to its 26-week average of 43 according to Track Data, suggesting decreasing price movement after a company hosted investor meeting on March 30.
March 27, 2015
10:03 EDTJNPROn The Fly: Analyst Initiation Summary
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09:10 EDTPANWPalo Alto to host investor meeting
Investor meeting to be held in Las Vegas on March 30 at 4 pm. Webcast Link
March 26, 2015
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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March 23, 2015
14:57 EDTPANWPalo Alto volatility at low end of historic range
Palo Alto March weekly call option implied volatility is at 37, April is at 33, June is at 34; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 2.
March 20, 2015
15:40 EDTPANWMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (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
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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