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Stock Market & Financial Investment News

News Breaks
April 14, 2014
12:11 EDTQLYS, CUDA, SYMC, PANW, FEYEPalo 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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February 4, 2016
16:08 EDTSYMCSymantec targets cost savings of about $400M by end of FY18
16:07 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
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16:05 EDTSYMCSymantec announces $500M strategic investment by Silver Lake
14:35 EDTSYMCNotable companies reporting after market close
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11:46 EDTCUDAOptions with increasing put volume
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05:04 EDTFEYEStocks with implied volatility above IV index mean; FEYE LNKD
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February 3, 2016
10:00 EDTPANWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Capella Education (CPLA) initiated with an Outperform at Credit Suisse... DeVry (DV) initiated with an Outperform at Credit Suisse... Gilead (GILD) initiated with a Buy at Standpoint Research... Grand Canyon (LOPE) initiated with a Neutral at Credit Suisse... Hannon Armstrong (HASI) initiated with an Equal Weight at Morgan Stanley... Houghton Mifflin (HMHC) initiated with an Outperform at Credit Suisse... Mediaset (MDIUY) initiated with a Buy at Jefferies... Palo Alto (PANW) initiated with a Buy at Maxim... Splunk (SPLK) initiated with a Buy at Maxim... Strayer (STRA) initiated with a Neutral at Credit Suisse... Tableau (DATA) initiated with a Sell at Maxim... Tesla (TSLA) initiated with a Sell at Berenberg... WisdomTree (WETF) initiated with an Outperform at Northland... bluebird bio (BLUE) initiated with an Outperform at Leerink.
08:59 EDTPANWPalo Alto initiated with a Buy at Maxim
Maxim analyst Nehal Chokshi started Palto Alto Networks with a Buy rating and $214 price target.
05:08 EDTFEYEStocks with implied volatility above IV index mean; FEYE TWTR
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February 2, 2016
10:26 EDTFEYEFireEye calls active
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10:18 EDTFEYECisco could be interested in FireEye, dealReporter says citing sources
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07:33 EDTFEYEFireEye acquisition positive, says Oppenheimer
After FireEye announced that it acquired Inovtas, Oppenhimer says that Inovtas' automation tool. meets a critical need for IT administrators. The firm says its checks with IT administrators indicate that automation is seen as "a potential holy grail" that could solve many IT security issues. The firm keeps an Outperform rating on FireEye.
February 1, 2016
19:25 EDTFEYEFireEye acquires security orchestration firm Invotas
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16:21 EDTCUDAOn The Fly: Top stock stories for Monday
Stocks began the session deep in negative territory, beginning February the way they spent most of January, weighed down by the price of oil, which fell about 6% for the session. Also hitting the market early were weak economic reports, both in China and the U.S. The averages moved higher late in the day as investors awaited the next barrage of earnings reports, which will include results from Google parent Alphabet (GOOG). ECONOMIC EVENTS: In the U.S., personal income rose 0.3% in December, versus expectations for an increase of 0.2%, while spending was flat, versus expectations for an increase of 0.1%. Markit's manufacturing purchasing managers index for January dipped to 52.4 in the final January reading, down from the 52.7 flash reading and below the 52.6 reading that was expected. The Institute for Supply Management's manufacturing index for January came in at 48.2, below the 48.4 that analysts expected. Construction spending rose 0.1% in December, which was weaker than the 0.6% increase that was forecast. Separately, Federal Reserve Vice Chairman Stanley Fischer spoke about recent monetary policy decisions undertaken by the Fed, reiterating expectations that "economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate," while also revealing that four rate hikes is among the numbers being discussed by the Federal Reserve for this year. In China, the government's official manufacturing purchasing managers index fell to 49.4 in January from 49.7 in December. The private Caixin manufacturing PMI edged up to 48.4 from 48.2 in the prior reading, but both figures still remain in contraction territory. In Europe, Markit's manufacturing PMI for the euro zone dropped to 52.3 from December's 53.2, in-line with the earlier flash estimate. COMPANY NEWS: After swinging as high as $18.77, shares of Twitter (TWTR) ended the day up 6.55% at $17.90 after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen have "considered some sort of deal" for the microblog service operator, though Lessin noted she didn't know if deal talks are currently active. Later in the day, a source familiar with the matter told Fortune that Silver Lake has no interest in acquiring "even a slice" of Twitter... Alere (ALR) surged 45.5% to $54.11 after Abbott (ABT) agreed to acquire the company for $56 per share at a total expected equity value of $5.8B. In other M&A news, Questar (STR) jumped 22.5% to $24.99 after Dominion Resources (D) agreed to acquire it for $25 per share, or about $4.4B. Dominion slipped 2.76% after announcing the deal and reporting its latest quarterly results... Chipotle (CMG) rose 4.3% to $472.64 after the Centers for Disease Control and Prevention released its final update on the company's E. coli scare, saying the two outbreaks "appear to be over." MAJOR MOVERS: Among the notable gainers were Sysco (SYY) and Aetna (AET), which advanced 8.4% and 1.4%, respectively, after reporting quarterly earnings. Also higher was Barracuda Networks (CUDA), which jumped about 11% to $11.75 after Bloomberg reported the company is exploring a sale. In addition, Time Warner (TWX) gained 2.7% after the New York Post reported over the weekend that billionaire investor Nelson Peltz is considering taking an activist position in the company. Among the noteworthy losers was GoPro (GPRO), which declined 3.4% to $11.06 after analysts from Piper Jaffray and Citi predicted that the company's guidance this week will disappoint investors. Also lower was DreamWorks (DWA), which fell 6.8% to $23.90 after the studio's new film "Kung Fu Panda 3" missed expectations for its domestic box office opening. Meanwhile, Roper Technologies (ROP) and Cardinal Health (CAH) lost a respective 6.8% and 1.9% after reporting quarterly earnings. INDEXES: The Dow slipped 17.12, or 0.1%, to 16,449.18, the Nasdaq gained 6.41, or 0.14%, to 4,620.37, and the S&P 500 fell 0.86, or 0.04%, to 1,939.38.
15:20 EDTCUDABarracuda exploring potential sale, Bloomberg reports
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14:40 EDTCUDABarracuda calls active, said to be working with advisor to seek sale
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14:34 EDTCUDABarracuda up 8% after said to be working with Morgan Stanley to find buyer
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14:33 EDTCUDABarracuda working with advisor to seek sale, Bloomberg reports
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12:27 EDTSYMCOptions with increasing put volume
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10:08 EDTSYMCHigh option volume stocks
High option volume stocks: NOK HLT NCLH DF GALE VMW DPS SYY SYMC PGR
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