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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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November 20, 2014
08:00 EDTPANWPalo Alto Q1 business looks to be beating consensus, says Oppenheimer
Oppenheimer believes that its checks suggest that Palo Alto's business is tracking ahead of consensus estimates. The firm thinks the company has continued strength across all core products and geographies. It raised its price target on the name to $120 from $115 and keeps an Outperform rating.
November 19, 2014
09:01 EDTFEYE, PANWBig data for security could reach $4B-$5B, says FBR Capital
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07:51 EDTFEYEClearing House Payments Company to hold a conference
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07:40 EDTFEYEUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
November 18, 2014
10:15 EDTPANWPalo Alto price target raised to $120 from $110 at Imperial Capital
Imperial Capital raised its price target for Palo Alto Networks to $120 ahead of the company's Q1 results and keeps an Outperform rating on the stock. The firm says Palo is "emerging as a dominant player in security."
07:21 EDTPANWPalo Alto price target raised to $125 from $105 at Stephens
Stephens said it expects Palo Alto's Q1 results to beat consensus estimates, citing the firm's positive channel checks. The firm, which believes Palo Alto is continuing to take market share, raised its price target on the stock to $125 from $105 and maintains its Overweight rating on the shares.
November 17, 2014
06:48 EDTFEYE, PANWState Department hacked, NY Times reports
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November 16, 2014
19:34 EDTFEYE, PANWFinancial services firms plan $2B increase in cybersecurity spending, WSJ says
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November 14, 2014
07:46 EDTFEYEFireEye growth outlook has improved, says Wells Fargo
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November 12, 2014
14:17 EDTFEYEFireEye CEO says seeing geographic opportunity
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November 11, 2014
10:00 EDTPANW, FEYEOn The Fly: Analyst Initiation Summary
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07:19 EDTPANWBarracuda, Imperva, Palo Alto should be bought, says Pacific Crest
Pacific Crest recommends buying Barracuda (CUDA), Imperva (IMPV), and Palo Alto (PANW), as the firm expects IT security to continue growing strongly. The firm thinks the companies named have compelling margins and free cash flow.
06:10 EDTPANWPalo Alto initiated with an Outperform at Macquarie
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06:10 EDTFEYEFireEye initiated with a Neutral at Macquarie
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November 10, 2014
15:43 EDTPANWAmerican Petroleum Institute to hold a conference
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14:38 EDTFEYE, PANWU.S. Postal Service suffered cyberattack, NY Times reports
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12:42 EDTFEYEFireEye details hack attack found on Apple operating system
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12:39 EDTFEYEFireEye has uncovered iOS flaw that leaves devices vulnerable, CNBC reports
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10:30 EDTFEYEFireEye advances after JPMorgan adds to Focus List
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07:30 EDTFEYEFireEye added to Focus List, Akamai removed at JPMorgan
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