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Stock Market & Financial Investment News

News Breaks
April 14, 2014
12:11 EDTSYMC, PANW, FEYE, QLYS, CUDAPalo Alto jumps after two analysts raise their ratings
Shares of IT security company Palo Alto (PANW) are climbing after two research firms upgraded the stock in separate notes to investors earlier today. WHAT'S NEW: After meeting with Palo Alto, Stephens analyst Jonathan Ruykhaver wrote that he is more confident that the company is well-positioned to gain additional market share. The company's "strong" new products and its growing distribution infrastructure, along with its acquisition of Cyvera, should help it take share from its competitors, the analyst contended. Palo Alto's comprehensive security solutions for organizations should be appealing and enable the company to generate robust growth, wrote the analyst, who upgraded the stock to Overweight from Equal Weight and raised his price target on the shares to $85 from $75. Barclays analyst Raimo Lenschow also upgraded the stock, saying that the company's fundamentals are solid, while underlying trends in the IT security market appear to be improving. Lenschow upgraded the stock to Overweight from Equal Weight and kept a $78 price target on the shares. PRICE ACTION: In early afternoon trading, Palo Alto jumped 6% to $68.17. Other IT security companies, whose shares have been weak in recent sessions, also rose, as Barracuda Networks (CUDA) gained 2% to $28.40, Fireeye (FEYE) advanced 3.5% to $49.01, Symantec (SYMC) added 2% to $20.42, and Qualys (QLYS) gained 3% to $22.05.
News For PANW;CUDA;FEYE;SYMC;QLYS From The Last 14 Days
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March 30, 2015
10:46 EDTFEYEOptions with increasing implied volatility
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07:28 EDTPANWPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
07:06 EDTPANWPalo Alto April volatility low into a company hosted investor meeting
Palo Alto April weekly call option implied volatility is at 42, April is at 33, June is at 35; compared to its 26-week average of 43 according to Track Data, suggesting decreasing price movement after a company hosted investor meeting on March 30.
March 27, 2015
10:03 EDTFEYEOn The Fly: Analyst Initiation Summary
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09:10 EDTPANWPalo Alto to host investor meeting
Investor meeting to be held in Las Vegas on March 30 at 4 pm. Webcast Link
March 26, 2015
16:52 EDTFEYEFireEye initiated with a Market Perform at Raymond James
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March 25, 2015
08:54 EDTSYMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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March 23, 2015
14:57 EDTPANWPalo Alto volatility at low end of historic range
Palo Alto March weekly call option implied volatility is at 37, April is at 33, June is at 34; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 2.
March 20, 2015
15:40 EDTQLYS, SYMC, PANW, FEYE, CUDAMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. 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
March 19, 2015
08:45 EDTFEYEHouse Permanent Select Committee on Intelligence to hold a hearing
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March 16, 2015
11:17 EDTFEYEFireEye call activity attributed to takeover chatter
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11:02 EDTFEYERumor: FireEye strength attributed to takeover speculation
Shares of FireEye (FEYE) are moving higher on speculation Cisco (CSCO) may acquire the company.

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