New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
13:06 EDTFTNT, PANW, FEYE, PFPTIT security stocks advance after upbeat Goldman note
Shares of a number of IT security stocks are rallying after Goldman Sachs wrote that it was upbeat on the sector in a note to investors today. WHAT'S NEW: Goldman Sachs analyst Matthew Niknam assumed coverage of the Security Software sector with an Attractive rating. Cyber threats have become larger and more costly, so many companies are increasing the amount of money they spend on IT security, Niknam wrote. Spending on security is increasing by the highest rate since 2010, the analyst estimated. Companies in the sector should see their free cash flow growth accelerate, while cash rich tech companies could become interested in carrying out M&A transactions with security vendors, the analyst predicted. Additionally, more mature companies in the sector should be able to buy back more of their shares going forward, Niknam believes. He identified Palo Alto (PANW) as his top pick in the space, as he believes that the company provides "the most unique blend of disruptive long-term growth and accelerating profitability." The company is poised to gain additional market share, while its growth going forward should beat expectations, Niknam stated. He raised his price target on the shares to $97 from $91 and kept a Conviction List-Buy rating on the stock. Meanwhile, the analyst upgraded another stock in the sector, FireEye (FEYE), to Buy from Neutral after assuming coverage of the shares. The company's status as the market leader in fighting Advanced Persistent Threats, or APTs, leaves it well-positioned in the current market, he contended. An IT survey indicates that most respondents plan to increase their APT-related spending, and 59% of the respondents say they plan to spend more money on solutions from a new vendor, Niknam reported. Furthermore, FireEye's revenue growth likely accelerated in Q2 and its revenue should beat expectations in 2014 and 2015, while the company's free cash flow should come in above consensus levels next year, Niknam predicted. FireEye may eventually be acquired by another company, according to Niknam, who raised his price target on the shares to $42 from $36. WHAT'S NOTABLE: Niknam initiated coverage of Proofpoint (PFPT) with a Buy rating as he predicted that the company's growth and free cash flow would beat expectations in the near-term and he believes that the company could also become a takeover target. The analyst started coverage of Fortinet (FTNT) with a Neutral rating. PRICE ACTION: In early afternoon trading, Palo Alto climbed 3% to $78.36, FireEye rose 3.5% to $34.99, Proofpoint climbed 3.6% to $34.46, and Fortinet rose 1% to $24.24.
News For PANW;FEYE;PFPT;FTNT From The Last 14 Days
Check below for free stories on PANW;FEYE;PFPT;FTNT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
07:55 EDTPANWPalo Alto business appears to be beating expectations, says Oppenheimer
Oppenheimer reports that its checks indicate that Palo Alto's business is tracking ahead of consensus estimates this quarter. The firm raised its price target on the shares to $90 from $80 and keeps an Outperform rating on the stock.
August 31, 2014
13:27 EDTPANW, FTNTAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
August 29, 2014
11:54 EDTFEYEStocks with call strike movement; GTAT FEYE
Subscribe for More Information
08:00 EDTFTNTCyber security outlook remains positive, says Wells Fargo
After conducting checks, Wells Fargo believes that demand for cyber security products remains strong, as increased spending trends seen in 1H14 are sustainable through 2H14 and into 2015. The firm thinks that Palo Alto (PANW) stands to benefit most from an upcoming improved network refresh cycle, while Fortinet (FTNT) seems to be gaining traction with enterprises. Wells keeps Outperform ratings on Fortinet PAl Alto and Fireeye (FEYE) and a Market Perform rating on Symantec (SYMC).
August 28, 2014
09:57 EDTFEYEOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:54 EDTPANWPalo Alto coverage resumed with a Buy at Stifel
Subscribe for More Information
06:54 EDTFTNTFortinet coverage resumed with a Hold at Stifel
Subscribe for More Information
August 27, 2014
18:38 EDTFEYEOn The Fly: After Hours Movers
Subscribe for More Information
16:11 EDTFEYEFireEye initiated with a Buy at Stifel
Target $45.
August 26, 2014
15:59 EDTFEYEFireEye volatility flat on wide price movement
Subscribe for More Information
09:04 EDTFTNTFortinet plans to establish R&D center in Singapore
Subscribe for More Information
August 25, 2014
11:39 EDTFEYEStocks with call strike movement; GTAT FEYE
GT Advanced (GTAT) December 20 call option implied volatility increased 2% to 65, FireEye (FEYE) December 34 call option implied volatility increased 5% to 63 according to IVolatility.
August 21, 2014
09:22 EDTFEYEFireEye has further downside, says Northland
Subscribe for More Information
08:30 EDTFEYEFireEye valuation attractive, says Goldman
Goldman views Buy rated FireEye's share price as an attractive entry point for best-in-class growth, attractive positioning, reset expectations, and positive industry themes.
August 20, 2014
08:02 EDTPANWPalo Alto expands global distribution agreement with Westcon Group
Subscribe for More Information

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