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Stock Market & Financial Investment News

News Breaks
January 3, 2014
09:37 EDTFEYE, KEYWKEYW take-out price over $80 per share impled by FireEye deal, says SunTrust
SunTrust notes that cybersecurity firm KEYW (KEYW) is expected to generate $8.30 in sales per share based on 2013 revenue. If the company was acquired at a similar multiple as the one seen in FireEye's (FEYE) deal for Mandiant, a take-out price above $80 per share would be implied for KEYW, the firm added. SunTrust has a Buy rating on KEYW.
News For KEYW;FEYE From The Last 14 Days
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April 27, 2015
15:23 EDTFEYEFireEye May weekly volatility elevated into Q1 and outlook
FireEye May weekly call option implied volatility is at 118, May is at 52, June is at 47, September is at 45; compared to its 26-week average of 61 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 30.
April 22, 2015
05:54 EDTFEYEFireEye president: Sony hack 'not an insider,' Re/code reports
FireEye (FEYE) president Kevin Mandia said Code/Enterprise in San Francisco that last year's Sony (SNE) hack was "definitely not an insider," Re/code reports. Mandia believes the Sony hack was "clearly" the work of a government. Reference Link
April 21, 2015
08:04 EDTFEYEHP, FireEye announce partnership
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07:15 EDTFEYEUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
07:06 EDTFEYERe/Code to hold a conference
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April 20, 2015
16:16 EDTKEYWKEYW receives contract option exercise for airborne collection services
The KEYW Corporation, a wholly owned subsidiary of The KEYW Holding Corporation, announced that it has received the Option Period 1 exercise on its multi-year airborne collection services contract. As planned, the $17.6M option covers a five-month period of performance from April 1 to August 26 and was exercised in accordance with the original $114M total value contract awarded on December 18, 2013. Two additional option periods remain on the contract, which runs through September 29, 2016.
12:35 EDTFEYECybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
08:25 EDTFEYECheck Point announces new partnership with FireEye
Check Point (CHKP) and FireEye (FEYE) announced a partnership to share threat intelligence to protect customers from modern advanced attacks. As part of this cooperation, Check Point's ThreatCloud and Next Generation Threat Prevention solutions and the FireEye NX platform will share the latest threat intelligence in real-time, allowing customers to update firewall security policies dynamically based on the intelligence from both platforms.
April 19, 2015
16:51 EDTFEYEFireEye labs detected limited APT campaign
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April 18, 2015
20:14 EDTFEYEFireEye to hold a technology briefing
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