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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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March 31, 2015
13:34 EDTPANWPalo Alto unveils AutoFocus cyber threat intelligence service
Palo Alto Networks announced AutoFocus cyber threat intelligence service, a new offering that provides prioritized, actionable intelligence designed to give customers a "clear advantage in the battle against cyber threats." Key features of the AutoFocus threat intelligence service include priority alerts, attack context, and "high fidelity threat intelligence," the company stated. Palo Alto Networks AutoFocus threat intelligence service will be available in April to a limited set of existing customers through a Community Access program. Pricing and general availability of the AutoFocus service are scheduled for the second half of the 2015 calendar year.
13:31 EDTPANWPalo Alto, VMware expand strategic partnership
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11:14 EDTFEYEOptions with increasing implied volatility
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07:42 EDTPANWPalo Alto should sustain premium valuation and favorable sentiment, says UBS
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March 30, 2015
10:46 EDTFEYEOptions with increasing implied volatility
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07:28 EDTPANWPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
07:06 EDTPANWPalo Alto April volatility low into a company hosted investor meeting
Palo Alto April weekly call option implied volatility is at 42, April is at 33, June is at 35; compared to its 26-week average of 43 according to Track Data, suggesting decreasing price movement after a company hosted investor meeting on March 30.
March 27, 2015
10:03 EDTFEYEOn The Fly: Analyst Initiation Summary
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09:10 EDTPANWPalo Alto to host investor meeting
Investor meeting to be held in Las Vegas on March 30 at 4 pm. Webcast Link
March 26, 2015
16:52 EDTFEYEFireEye initiated with a Market Perform at Raymond James
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March 23, 2015
14:57 EDTPANWPalo Alto volatility at low end of historic range
Palo Alto March weekly call option implied volatility is at 37, April is at 33, June is at 34; compared to its 26-week average of 43 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on March 2.
March 20, 2015
15:40 EDTPANW, FEYEMore cybersecurity firms to come public amid high market demand, Reuters says
With shares of publicly traded cybersecurity companies having recently outperformed the market, a number of privately-held IT security names, including Rapid7, LogRythm and Mimecast, plan to go public in 2015 amid the high level of investor interest, said Reuters, citing people familiar with the matter. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
March 19, 2015
08:45 EDTFEYEHouse Permanent Select Committee on Intelligence to hold a hearing
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