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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:13 EDTPANW, FEYEPalo Alto rises following FBR upgrade
Shares of IT security company Palo Alto (PANW) are climbing after two research firms issued upbeat notes about the company earlier today. WHAT'S NEW: FBR Capital analyst Daniel Ives upgraded the stock to Outperform from Market Perform. Ives wrote that his research indicates that adoption of the company's appliances and servers is increasing faster than expected. The company is benefiting from strong spending on IT security products, wrote the analyst ,who predicts that its revenue should grow at a 45% clip in fiscal 2014 and at a 33% pace in fiscal 2015, excluding revenue from Cyvera, an Israeli start-up that it recently acquired. Cyvera should enable Palo Alto to sell products to more customers, according to Ives, who views Palo Alto's risk/reward as "compelling." The firm raised its price target on the stock to $90 from $80. Meanwhile, JMP Securities analyst Erik Suppiger wrote that the acquisition of Cyvera should enable Palo Alto to more effectively compete with Advanced Persistent Threat, or APT, products offered by one of its rivals, FireEye (FEYE). The APT security market represents a critical growth opportunity for Palo Alto, added Suppiger, who believes that the Cyvera acquisition has increased Palo Alto's total addressable market by about $4B. He nonetheless reiterated a Market Perform rating on the stock. PRICE ACTION: In early trading, Palo Alto rose $2.20, or 3%, to $75.50.
News For PANW;FEYE From The Last 14 Days
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January 23, 2015
10:02 EDTPANWOn the Fly: Analyst Downgrade Summary
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08:23 EDTPANWPalo Alto downgraded to Neutral from Outperform at Macquarie
January 22, 2015
07:42 EDTFEYE, PANWIT security demand very strong, says Wells Fargo
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06:24 EDTFEYEJPMorgan downgrades three in Software, FireEye a top pick
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January 20, 2015
08:24 EDTPANWPalo Alto price target raised to $165 from $130 at Stephens
Stephens said it came away from a call with the CMO of Palo Alto Networks believing that the company's newly released "Traps" endpoint product has the potential to provide the next leg of growth for the company. Citing expectations for Traps, the raised its price target on Palo Alto to $165 from $130 and reiterates its Overweight rating on the stock.
January 19, 2015
12:39 EDTFEYEFireEye achieves certification within UK Cyber Essentials Scheme
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January 13, 2015
10:32 EDTFEYEStocks with call strike movement; CLF FEYE
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07:47 EDTPANWUBS to hold investor trip
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05:50 EDTFEYEStocks with implied volatility movement; GRPN FEYE
Stocks with implied volatility movement; Groupon (GRPN) 70, FireEye (FEYE) 66 according to iVolatility.

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