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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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September 30, 2014
09:48 EDTPANWPalo Alto to hold a webinar
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September 26, 2014
06:39 EDTFEYE, PANWMost connected devices have security flaw, NY Times says
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September 23, 2014
07:47 EDTPANWPalo Alto has multiple drivers converging, says Morgan Stanley
Morgan Stanley said Palo Alto has multiple growth drivers in place that will drive free cash flow that include sustainable 30% billings growth, increasing sales efficiencies, and slowing capex and reduced litigation expenses. Shares are Overweight rated with a $115 price target.
September 19, 2014
07:46 EDTFEYEFireEye well-positioned to increase share, says Wells Fargo
After viewing a webinar on FireEye's product initiatives, Wells Fargo thinks the initiatives will probably generate minimal revenue over the next 6-12 months, but leave the company well-positioned to take an increasing share of the total cyber security market. The firm keeps an Outperform rating on the shares.
07:13 EDTFEYEFireEye price target raised to $40 from $36 at Piper Jaffray
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September 18, 2014
15:41 EDTFEYEFireEye lays out details of new 'FireEye as a Service' offering
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