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Stock Market & Financial Investment News

News Breaks
March 4, 2014
04:55 EDTNMBL, NMBL, AZPN, AZPN, DATA, DATA, PFPT, PFPT, CTXS, CTXS, CCOI, CCOI, AMC, AMC, GTT, GTT, IMPV, IMPV, SALE, SALE, MLNX, MLNX, FIO, FIO, N, NPacific Crest to hold a summit
9th Annual Pacific Crest Emerging Technology Summit is being held in San Francisco on March 4-5.
News For NMBL;FIO;MLNX;SALE;IMPV;GTT;AMC;CCOI;CTXS;PFPT;DATA;AZPN;N From The Last 14 Days
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July 21, 2014
16:25 EDTAMCPoint72 Asset Management reports 5% passive stake in AMC Entertainment
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08:11 EDTDATATableau risk/reward favorable, says Morgan Stanley
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July 18, 2014
16:11 EDTCTXSCitrix Chief Marketing Officer Steve A. Daheb to leave company
In connection with a reorganization, Steve A. Daheb, Senior Vice President and Chief Marketing Officer of Citrix Systems has decided to leave Citrix. As a result of the reorganization, Citrix has eliminated the role of Chief Marketing Officer. Daheb has agreed to remain as an employee of Citrix to provide transitional advisory services to the company through February 2, 2015. As a result of the reorganization, Daheb ceased to serve as an executive officer of Citrix effective July 14.
10:03 EDTDATA, NMBLOn The Fly: Analyst Initiation Summary
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07:02 EDTNMBLNimble Storage initiated with a Buy at Roth Capital
Target $40.
July 17, 2014
19:22 EDTDATATableau initiated with an Outperform at BMO Capital
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12:15 EDTFIOSanDisk plummets after Q3 revenue outlook disappoints
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09:10 EDTNNetSuite acquires London-based Venda
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July 16, 2014
17:48 EDTFIOSanDisk says expects to be 'somewhat supply constrained' in 2H14
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13:44 EDTFIOEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
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13:06 EDTPFPTIT security stocks advance after upbeat Goldman note
Shares of a number of IT security stocks are rallying after Goldman Sachs wrote that it was upbeat on the sector in a note to investors today. WHAT'S NEW: Goldman Sachs analyst Matthew Niknam assumed coverage of the Security Software sector with an Attractive rating. Cyber threats have become larger and more costly, so many companies are increasing the amount of money they spend on IT security, Niknam wrote. Spending on security is increasing by the highest rate since 2010, the analyst estimated. Companies in the sector should see their free cash flow growth accelerate, while cash rich tech companies could become interested in carrying out M&A transactions with security vendors, the analyst predicted. Additionally, more mature companies in the sector should be able to buy back more of their shares going forward, Niknam believes. He identified Palo Alto (PANW) as his top pick in the space, as he believes that the company provides "the most unique blend of disruptive long-term growth and accelerating profitability." The company is poised to gain additional market share, while its growth going forward should beat expectations, Niknam stated. He raised his price target on the shares to $97 from $91 and kept a Conviction List-Buy rating on the stock. Meanwhile, the analyst upgraded another stock in the sector, FireEye (FEYE), to Buy from Neutral after assuming coverage of the shares. The company's status as the market leader in fighting Advanced Persistent Threats, or APTs, leaves it well-positioned in the current market, he contended. An IT survey indicates that most respondents plan to increase their APT-related spending, and 59% of the respondents say they plan to spend more money on solutions from a new vendor, Niknam reported. Furthermore, FireEye's revenue growth likely accelerated in Q2 and its revenue should beat expectations in 2014 and 2015, while the company's free cash flow should come in above consensus levels next year, Niknam predicted. FireEye may eventually be acquired by another company, according to Niknam, who raised his price target on the shares to $42 from $36. WHAT'S NOTABLE: Niknam initiated coverage of Proofpoint (PFPT) with a Buy rating as he predicted that the company's growth and free cash flow would beat expectations in the near-term and he believes that the company could also become a takeover target. The analyst started coverage of Fortinet (FTNT) with a Neutral rating. PRICE ACTION: In early afternoon trading, Palo Alto climbed 3% to $78.36, FireEye rose 3.5% to $34.99, Proofpoint climbed 3.6% to $34.46, and Fortinet rose 1% to $24.24.
10:00 EDTPFPTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Airlines (AAL) initiated with an Overweight at Atlantic Equities... Apple (AAPL) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Neutral at RW Baird... Brookdale Senior Living (BKD) initiated with a Buy at Goldman... CA Technologies (CA) initiated with a Market Perform at FBR Capital... Dresser-Rand (DRC) initiated with a Neutral at RW Baird... Fortinet (FTNT) initiated with a Neutral at Goldman... Frank's International (FI) initiated with a Hold at Jefferies... Home Bancorp (HBCP) initiated with an Outperform at Fig Partners... Key Energy (KEG) initiated with an Outperform at RW Baird... McDermott (MDR) initiated with a Neutral at Tigress Financial... ORBCOMM (ORBC) initiated with a Neutral at Macquarie... Oil States (OIS) initiated with an Outperform at RW Baird... PBF Energy (PBF) initiated with an Equal Weight at Barclays... Palo Alto (PANW) assumed with a Conviction Buy at Goldman... Proofpoint (PFPT) initiated with a Buy at Goldman... Qlik Technologies (QLIK) initiated with a Market Perform at FBR Capital... Radius Health (RDUS) initiated with a Buy at Canaccord... Seventy Seven Energy (SSE) initiated with a Hold at Jefferies... Superior Energy (SPN) initiated with an Outperform at RW Baird... Tandem Diabetes (TNDM) initiated with an Outperform at William Blair... Trecora Resources (TREC) initiated with a Buy at B. Riley... Ultragenyx (RARE) initiated with an Outperform at RW Baird... United Natural Foods (UNFI) initiated with an Outperform at Oppenheimer... Viper Energy (VNOM) initiated with a Market Perform at Northland... Whiting Petroleum (WLL) initiated with a Buy at Tigress Financial.
10:00 EDTMLNXOn The Fly: Analyst Upgrade Summary
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09:23 EDTMLNXOn The Fly: Pre-market Movers
HIGHER: Time Warner (TWX), up 15% after company confirmed that it rejected an $80B takeover offer from 21st Century Fox (FOX, FOXA), as had been reported earlier this morning... Apple (AAPL), up 2% after announcing an enterprise mobile partnership with IBM (IBM), which is also up 2%... International Game (IGT), up 9.5% after agreeing to be acquired by GTECH for $4.7B in cash and stock... FireEye (FEYE), up 5% after shares upgraded at Goldman... Precision Drilling (PDS), up 4% after announcing strategic agreement with Schlumberger (SLB), upgraded at Deutsche Bank... Mellanox (MLNX), up 4.7% following upgrade at Jefferies. UP AFTER EARNINGS: Intel (INTC), up 5.4%... HCA Holdings (HCA), up 6%... Textron (TXT), up 3.2%... Abbott (ABT), up 1%. DOWN AFTER EARNINGS: PNC Financial (PNC), down 2.5%... MGIC Investment (MTG), down 3.6%. LOWER: Yahoo (YHOO), down 3% after downgraded at CRT Capital following second quarter earnings report... Ares Capital (ARCC), down 2.5% after filing to sell 11.85M shares of common stock... Nationstar (NSM), down 2.4% after downgraded at Wells Fargo... Walter Investment (WAC), which was also downgraded at Wells Fargo, down 1.6%.
08:03 EDTFIOSanDisk announces expiration of HSR waiting period for Fusion-io purchase
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07:39 EDTMLNXIntel comments bode well for Mellanox, says Macquarie
Intel (INTC) said on its earnings call that the Haswell-EP Xeon E5 high-performance CPU built on the Grantley platform is already being shipped in pre-production quantities and is on track for a CYQ3 launch. Macquarie said Intel's commentary is a positive for the HPC market and Mellanox (MLNX) should see corresponding demand. Shares are Outperform rated with a $52 price target.
07:30 EDTMLNXMellanox upgraded to Buy from Hold at Jefferies
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07:24 EDTCTXSSiemer & Associates to hold a summit
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06:07 EDTMLNXMellanox upgraded to Buy from Hold at Jefferies
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05:52 EDTPFPTProofpoint initiated with a Buy at Goldman
Target $42.
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