New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 14, 2014
18:20 EDTPANWOn The Fly: After Hours Movers
Subscribe for More Information
17:41 EDTPANWPalo Alto CEO sees reaching operating margins goal within next two years
Subscribe for More Information
17:39 EDTPANWPalo Alto CEO not concerned about margins
17:37 EDTPANWPalo Alto CEO says customers more thoughtful about purchases
Subscribe for More Information
09:16 EDTNOWServiceNow initiated with a Positive at OTR Global
Subscribe for More Information
05:51 EDTVMWBrocade announces collaboration with VMware
Subscribe for More Information
October 13, 2014
09:23 EDTNOWHP could buy lower valuation company, says Bernstein
Subscribe for More Information
October 12, 2014
17:34 EDTPANWJPMorgan to double spending on cybersecurity over next five years, WSJ says
Subscribe for More Information
October 9, 2014
13:39 EDTVMWCisco denies rumors that it will stop investing in VCE JV, The Register reports
Subscribe for More Information
13:37 EDTVMWCisco may end further investment in VCE JV, CRN reports
Subscribe for More Information
13:29 EDTVMWSeveral suitors interested in acquiring VMware, dealReporter says
Subscribe for More Information
06:40 EDTPFPT, PANWSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
October 8, 2014
12:12 EDTPANWPalo Alto management to meet with Oppenheimer
Meeting to be held in Canada on October 14 hosted by Oppenheimer.
11:04 EDTVMWEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
09:53 EDTVMWHP, EMC still doing due diligence on potential deal, CNBC reports
Subscribe for More Information
08:55 EDTVMWEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTVMWElliott Management urges separation of VMware from EMC
Subscribe for More Information
08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
Subscribe for More Information
07:58 EDTPANWPalo Alto price target raised to $120 from $105 at Pacific Crest
Subscribe for More Information
07:52 EDTPANWPalo Alto has positive catalysts, says Wells Fargo
After meeting with Palo Alto's management, Wells Fargo thinks the company's new endpoint security product could increase its long-term revenue growth by five or six percentage points. The firm expects the company's product revenue to be boosted by an existing customer refresh cycle in 2015, and Wells is confident in the company's service revenue outlook. It raised its price target on the name to $112-$129 from $113-$120 and keeps an Outperform rating on the shares.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use