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June 5, 2014
07:20 EDTLNKD, RKUS, ARUN, PANW, DATA, PFBN Securities to hold a bus tour
6th Semi-Annual Silicon Valley Technology Bus Tour travels throughout Silicon Valley on June 4-6 and on June 9-11.
News For P;PANW;RKUS;DATA;ARUN;LNKD From The Last 14 Days
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October 5, 2015
18:56 EDTRKUSOn The Fly: After Hours Movers
HIGHER: Regulus Therapeutics (RGLS), up 8.7% after the company announced that it will present new preclinical data on RG-012 for kidney disease... Palatin Technologies (PTN), up 9.6% after director Robert deVeer Jr. buys 10,000 shares of common stock... Arena Pharmaceuticals (ARNA), up 4.7% after CEO Jack Lief announced his retirement and Harry Hixson was named interim CEO... DuPont (DD), up 5.9% after CEO and chair Ellen Kullman retires... Ruckus Wireless (RKUS), up 4.9% after joining the S&P 600... Starz (STRZA), up 10.1% after the LA Times reports that Lionsgate (LGF) is in advanced talks to merge with Starz. DOWN AFTER EARNINGS: Container Store (TCS), down 10.4%. ALSO LOWER: Sarepta Therapeutics (SRPT), down 3.8% after filing to sell $125M of common stock... Haemonetics (HAE), down 12.2% after lowering its fiscal 2016 outlook... Energy XXI (EXXI), down 8.3% after filing a $500M mixed securities shelf... Mallinckrodt (MNK), down 1.6% after announcing that it will provide a business update and financial guidance for the fiscal year ending September 30, 2016, on an investor call on October 6.
18:16 EDTRKUSS&P announces changes to the S&P 400, 600 indices
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17:19 EDTRKUSRuckus Wireless to replace Cyberonics in S&P 600 as of 10/7 close
06:11 EDTPANWApple iOS users in China, Taiwan targeted by ad-focused malware
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05:29 EDTLNKDStocks with implied volatility above IV index mean; ODP LNKD
Stocks with implied volatility above IV index mean; Office Depot (ODP) 95, LinkedIn (LNKD) 53 according to iVolatility.
October 4, 2015
19:59 EDTLNKDLinkedIn establishes $13M 'email spam' compensation fund, Re/code says
LinkedIn has established a $13M compensation fund related to the company's Add Connections feature, which allegedly sent out obtrusive "connection requests" after scanning its users' email contacts, Re/code reports. Reference Link
13:54 EDTLNKDGoogle, Facebook set to continue dominating web ads, Barron's says
Google (GOOG) and Facebook (FB) are likely to continue dominating online advertising, with Twitter (TWTR), Yahoo (YHOO), and LinkedIn (LNKD) increasingly becoming "distant rivals" as advertisers flock to the two biggest names in the space, Barron's contends in its 'Technology Trader' column. Shares of Google and Facebook "probably have decent upside from here," while the future of Angie's List (ANGI) and Yelp (YELP) looks "less certain," Barron's adds. Reference Link
October 2, 2015
15:14 EDTPANWAs many as 4.6M Scottrade users' data exposed in breach, KrebsonSecurity says
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06:25 EDTLNKDLinkedIn coverage assumed with a Neutral at Wedbush
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05:43 EDTPStocks with implied volatility movement; NRF P
Stocks with implied volatility movement; Northstar Realty (NRF) 47, Pandora (P) 73 according to iVolatility.
October 1, 2015
05:30 EDTPStocks with implied volatility above IV index mean; P HLF
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September 30, 2015
10:33 EDTPANWBattleground: Analysts agree Barracuda shares 'cheap,' diverge on ratings
The shares of Barracuda Networks (CUDA) are falling after the company reported lower than expected revenue and provided weaker than expected guidance. Research firms Piper Jaffray and JPMorgan both said that the shares are cheap in the wake of their huge decline today, though Piper downgraded the shares and JPMorgan kept an Overweight rating on the stock. Barracuda provides IT security and storage solutions, primarily for small and medium businesses. WHAT'S NEW: Barracuda last night reported second quarter earnings per share of 10c, versus analysts' consensus estimate of 9c. The company's revenue, however, came in at $78.4M, below the consensus outlook of $78.7M. Moreover, the company lowered its fiscal 2016 EPS guidance to 34c-36c from 36c-41c. Analysts' consensus estimate was 39c. Barrcuda cut its full-year revenue guidance to $320M-$323M, from $325M-$330M. Analysts' consensus estimate was $325M. The company said that its Q2 results were negatively impacted by longer sales cycles in its Europe, Middle East, and Africa region and it warned that it "saw some evidence" of slowing growth in the storage market. It also stated that its gross billings came in below its expectations. ANALYST REACTION: Piper Jaffray analyst Andrew Nowinski responded to Barracuda's results by downgrading the stock to Neutral from Overweight. Although Barracuda blamed its lower than expected billings guidance on weakness in its storage business, its security billings increased only by high single digit percentage levels, the analyst stated. The shares are "cheap," but the valuation is not compelling enough to recommend the stock, contends Nowinski, who cut his price target for shares to $20 from $40. Barracuda was also downgraded at Macquarie and at Stephens this morning.Conversely, JPMorgan analyst Sterling Auty called Barracuda shares "too cheap to ignore." The company lowered its billings guidance partly due to worries about slowing storage market growth, as indicated by an industry report released last quarter, said Auty. However, the growth of Barracuda's storage business actually accelerated last quarter, reaching about 25%, the analyst stated. He believes that Barracuda's new guidance reflects the company's efforts to be "prudent." Auty cut his price target on the name to $30 from $42 but kept an Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded companies in the IT security space include Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Barracuda tumbled 33% to $15.90.
08:02 EDTPANWTrustwave and Palo Alto announce strategic alliance
Trustwave and Palo Alto announced a strategic alliance designed to bring next-generation managed security services to global, multi-national businesses and government agencies. Under the terms of the agreement, Trustwave has become a global member of the Palo Alto Networks NextWave partner program to provide managed security services for the Palo Alto Networks security platform.
05:10 EDTPStocks with implied volatility movement; TWTR P
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September 29, 2015
07:13 EDTPPandora price target raised to $30 from $25 at Stifel
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07:13 EDTPPandora price target raised to $30 from $25 at Stifel
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05:11 EDTPStocks with implied volatility above IV index mean; ODP P
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September 28, 2015
10:08 EDTDATATableau price target lowered to $75 at Summit Research on competition concerns
Summit Research analyst Srini Nandury said the firm's channel checks indicate that Tableau's (DATA) software competition will intensify from Salesforce (CRM), Qlik (QLIK) and PowerBI. The analyst thinks Tableau's string of large "beat and raise" quarters will come to an end since most of the "low-hanging fruit" seems to have been picked and the company will need to work harder to acquire new customers. Nandury keeps a Hold rating on Tableau and cut the firm's price target on the stock to $75 from $80.
05:29 EDTPStocks with implied volatility above IV index mean; ODP P
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September 27, 2015
14:04 EDTPANWCybersecurity firms look prime for takeover, Barron's says
Cybersecurity companies like Palo Alto Networks (PANW), Fortinet (FTNT), and FireEye (FEYE) are becoming increasingly-attractive takeover targets for a Cisco (CSCO) or IBM (IBM), and any future dip in their stocks could represent a buying opportunity, Barron's contends in its 'Technology Trader' column. Reference Link
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