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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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May 27, 2015
16:07 EDTPANWPalo Alto acquires CirroSecure
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16:07 EDTPANWPalo Alto sees Q4 adjusted EPS 24c-25c, consensus 24c
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16:06 EDTPANWPalo Alto reports Q3 adjusted EPS 23c, consensus 20c
Reports Q3 revenue $234.17M, consensus $223.22M. Reports billings grew 56% year-over-year to $302.2M.
15:30 EDTPANWNotable companies reporting after market close
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14:28 EDTJNPRJuniper, Ciena unlikely to be acquired by Ericsson, says Citigroup
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13:12 EDTPANWPalo Alto Networks May weekly volatility increases into Q3 and outlook
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13:06 EDTPANWPalo Alto technical comments before earnings
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12:38 EDTJNPROptions with increasing volume
Options with increasing volume: PG CONN NQ S JNPR MNST ANF
11:46 EDTJNPRRaymond James doubts Ericsson will buy Juniper or Ciena
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08:06 EDTPANWPalo Alto continues to be a share winner, says Morgan Stanley
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May 26, 2015
09:54 EDTPANWAnalysts bullish on two Internet security players
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07:38 EDTPANWPalo Alto results should beat expectations, says RBC Capital
RBC Capital says that its checks lead it to believe that Palo Alto's results will beat expectations by a meaningful amount. The firm expects the company's margins to continue to rise, and it raised its price target on the name to $175 from $165 while keeping an Outperform rating.
07:03 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 21, 2015
13:52 EDTPANWPalo Alto Networks May weekly volatility elevated into Q3 and outlook
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May 20, 2015
15:55 EDTPANWCareFirst BlueCross BlueShield confirms cyberattack
CareFirst BlueCross BlueShield has confirmed that cyberattackers gained limited, unauthorized access to a single CareFirst database. This was discovered as a part of the companyís ongoing Information Technology security efforts in the wake of recent cyberattacks on health insurers. CareFirst engaged Mandiant, a unit of FireEye (FEYE), to conduct an end-to-end examination of its IT environment. The review determined that in June 2014 cyberattackers gained access to a single database in which CareFirst stores data that members and other individuals enter to access CareFirstís websites and online services. Approximately 1.1M current and former CareFirst members and individuals who do business with CareFirst online who registered to use CareFirstís websites prior to June 20, 2014 are affected by this event. All affected members will receive a letter from CareFirst offering two free years of credit monitoring and identity theft protection. Mandiant completed its review and found no indication of any other prior or subsequent attack or evidence that other personal information was accessed. Other publicly traded companies in the cybersecurity space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
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08:41 EDTPANWCisco CFO sees potential for acquistions in security
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06:51 EDTPANWPalo Alto initiated with a Hold at Evercore ISI
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May 14, 2015
08:52 EDTPANWPalo Alto Q3 checks positive, says Stephens
Stephens said its checks have come back positive during Palo Alto's Q3 have been positive, leading the firm to expect the company's results to top consensus expectations. Stephens keeps its Overweight rating and $170 price target on Palo Alto shares.
08:21 EDTPANWFinjan says patent suits ongoing with numerous cybersecurity companies
Finjan (FNJN) said it has an active Markman Hearing schedule with two Markman Hearings already concluded in favor of the company and two additional Markman Hearings to be held in Q2. The company has a two-week trial against Blue Coat set to commence on July 20. Finjan has patent infringement lawsuits against FireEye (FEYE), BlueCoat, Proofpoint (PFPT), Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio. Subsequent to the quarter end, Finjan entered into a negotiated license agreement with F-Secure Corporation, a company incorporated in Finland. The agreement provides for F-Secure to pay Finjan the sum of $1M in cash, to be paid in two installments, consisting of $700,000 which was received on April 22 and $300,000 on or before March 31, 2016. The agreement also provides for the assignment by F-Secure to Finjan of two patents, U.S. Patent Nos. 8,474,048 and 7,749,991.

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