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Stock Market & Financial Investment News

News For MSFT;HPQ;INTC;ACAD;FTNT;YUM;RAD;AMRS;BYD;ZUMZ;PIR From The Last 14 Days
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>
April 21, 2015
06:55 EDTFTNTFortinet price target raised to $45 from $33 at Deutsche Bank
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06:04 EDTMSFTYahoo, Microsoft add termination clause to search deal
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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April 20, 2015
18:48 EDTFTNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
17:06 EDTFTNTFortinet up 7% following Q1 results, guidance
16:52 EDTFTNTFortinet sees FY15 adjusted EPS 51c-52c, consensus 50c
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16:50 EDTFTNTFortinet sees Q2 adjusted EPS 8c-9c , consensus 11c
Sees Q2 revenue $224M-$228M, consensus $222.1M. Sees Q2 operating margin 9%-10%. Sees Q2 gross margin 70%-71%. Sees Q2 billings $263M-$268M. Guidance from slides presentation.
16:33 EDTFTNTFortinet spikes higher after results
Shares are up over 6.3% in the extended session to $36.84, a fresh 52-week high and life high. At that price support is at $35.86, the prior life high and 52-week high. Without established resistance a drift upward to the $38.50 area may be possible.
16:27 EDTFTNTFortinet reports Q1 adjusted EPS 8c, consensus 6c
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15:37 EDTFTNTNotable companies reporting after market close
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12:35 EDTFTNTCybersecurity 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.
09:31 EDTRADRite Aid names Steve Rempel as SVP, Chief Information Officer
Rite Aid Corporation announced that Steve Rempel, a highly experienced information technology executive, has been named Rite Aidís senior vice president and chief information officer. In this position, Rempel will have responsibility for all aspects of the companyís technology and information operations, including computer systems, network infrastructure, telecommunications and data security as well as the continued development and execution of Rite Aidís immediate and long-term information technology strategy. Rempel will report to Frank Vitrano, Rite Aidís senior executive vice president and chief administrative officer.
07:30 EDTINTCApplied Materials added to Franchise Picks list at Jefferies
Jefferies added Applied Materials (AMAT) to its Franchise Picks list with the stock down 14% year-to-date. The firm attributes the pullback to concerns around tool reuse, and notes it still expects foundry capital spending to increase amid "increased process complexity and competition." Jefferies' work indicates TSMC's (TSM) and Intel's (INTC) capex cuts were driven by market share losses rather than innovation in tool reuse. It keeps a Buy rating on AMAT with a $29 price target.
07:18 EDTACADAmerican Academy of Neurology to hold annual meeting
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05:51 EDTMSFTEU calls for 'level playing field' in telecoms market, Financial Times reports
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05:26 EDTINTCEricsson announces collaboration with Intel security
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April 19, 2015
16:51 EDTMSFTFireEye labs detected limited APT campaign
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April 17, 2015
15:08 EDTFTNTFortinet May volatility elevated into Q1 and outlook
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13:39 EDTMSFTElectronic Arts says Star Wars Battlefront begins shipping November 17
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12:39 EDTMSFTMicrosoft weekly volatility elevated into Q3 and outlook
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