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Stock Market & Financial Investment News

News Breaks
May 13, 2014
08:28 EDTPFPT, PANW, VMW, NOWSeveral security, infrastructure stocks attractive , says Pacific Crest
Pacific Crest recommends buying shares of ServiceNow (NOW), Palo Alto (PANW), Proofpoint (PFPT, and VMware (VMW). The firm says that the stocks are down more than 25% on average from their recent highs, but their numbers continue to trend higher as their fundamentals remain strong. The firm remains upbeat on the security and infrastructure sector, and keeps Outperform ratings on all the stocks named.
News For NOW;PANW;PFPT;VMW From The Last 14 Days
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April 21, 2015
17:24 EDTVMWVMware sees Q2 adjusted EPS 90c-92c, consensus 92c
Sees Q2 revenue $1.58B-$1.6B, consensus $1.6B. Sees Q2 adjusted operating margin 30.25%. Guidance from company's Q1 earnings conference call. :
17:21 EDTVMWVMware sees FY15 revenue $6.57B-$6.69B, consensus $6.69B
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16:21 EDTPFPTProofpoint sees FY15 EPS (40c)-(37c), consensus (34c)
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16:19 EDTPFPTProofpoint sees Q2 EPS (10c)-(9c), consensus (9c)
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16:17 EDTPFPTProofpoint reports Q1 EPS (9c), consensus (8c)
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16:14 EDTVMWVMware down 2.2% after reporting Q1 results
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16:04 EDTVMWVMware reports Q1 license revenue $576M
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16:01 EDTVMWVMware reports Q1 EPS 86c, consensus 84c
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15:28 EDTVMWNotable companies reporting after market close
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14:39 EDTVMWVMware technical notes ahead of results
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14:34 EDTVMWEarnings Watch: EMC to report after several downgrades
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08:41 EDTVMWOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
08:40 EDTPANWCheck Point price target raised to $100 from $85 at Needham
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08:03 EDTNOWServiceNow weakness has created buying opportunity,says Pacific Crest
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07:31 EDTNOWServiceNow looks good ahead of Q2 results, says RBC Capital
After attending Service Now's Analyst Day, RBC Capital says the company's guidance provided at the event was better than expected, while the firm thinks the company's free cash flow is poised to beat expectations over the longer term. RBC keeps a $90 price target and Outperform rating on the shares.
07:22 EDTNOWServiceNow recent weakness a buying opportunity, says Canaccord
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07:15 EDTPANWUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
April 20, 2015
16:32 EDTPANWPalo Alto re-initiated with an Outperform at Imperial Capital
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14:56 EDTVMWVMware volatility elevated into Q1 and revenue growth outlook
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12:35 EDTPFPT, PANWCybersecurity 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.
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