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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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December 22, 2014
06:44 EDTPANWPalo Alto price target raised to $150 from $130 at Piper Jaffray
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December 19, 2014
11:19 EDTFEYEStocks with call strike movement; FEYE RSX
FireEye (FEYE) June 40 call option implied volatility decreased 4% to 51, Market Vectors Russia ETF (RSX) May 19 call option implied volatility decreased 3% to 45 according to IVolatility.
December 18, 2014
10:19 EDTPANW, FEYESony hack fallout highlights value of IT security spending, analyst says
The hacking of Sony's (SNE) Sony Pictures unit shows that spending more on IT security is worthwhile for companies, Wells Fargo analyst Gray Powell wrote in a note to investors today. WHAT'S NEW: Sony has decided not release the film "The Interview" as planned on December 25, due several theater chains' plans to not show the movie amid threats, CNBC reported. The New York Times said American intelligence officials have determined that the North Korean government was “centrally involved” in the cyber attacks on Sony Pictures. Sony's experience shows that being hacked is much more costly than spending on IT security, Powell stated. After being hacked, Sony has had to cancel the release of its film "The Interview," which it spent $ 42M to make, and it will have to spend more money on fixing the security breach and defending itself against lawsuits triggered by the incident, the analyst stated. Additionally, the company's brand has been damaged, Powell believes. By contrast, Sony spends just $20M per year on IT security, the analyst roughly estimated. Incidents like the hacking of Sony will cause companies to spend a higher percentage of their budgets on IT security next year, according to Powell. He kept Outperform ratings on IT security companies Check Point (CHKP), FireEye (FEYE), Fortinet (FTNT), Palo Alto (PANW), and Proofpoint (PFPT). WHAT'S NOTABLE: Analysts at B. Riley said IMAX (IMAX) and RealD (RLD) could benefit from Sony's cancellation of "The Interview" due to the demand shift towards their respective film slates. The analyst believes both IMAX and RealD could generate an incremental 1c in EPS during the period. PRICE ACTION: In early trading, FireEye jumped 5% to $30, Palo Alto advanced 3.2% to $123.87, Proofpoint gained 2% to $47.87 and Check Point climbed 1.4% to $78.16.
06:05 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
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December 17, 2014
06:09 EDTFEYEFireEye implied volatility of 55 at lower end of index mean range
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December 11, 2014
12:02 EDTPANWPalo Alto to host special shareholder meeting
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10:51 EDTPANWPalo Alto management to meet with Piper Jaffray
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December 10, 2014
08:16 EDTFEYE, PANWBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
08:12 EDTPANWIT security outlook remains positive, says Pacific Crest
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December 9, 2014
06:08 EDTFEYEFireEye announces partnership with Deutsche Telekom
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December 8, 2014
09:54 EDTFEYEFireEye calls active on renewed takeover chatter
FireEye December 31 and January 33 calls are active on 6300 contracts (800 puts) on renewed takeover chatter. December weekly call option implied volatility is at 67, December is at 53 compared to its 26-week average of 57 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:40 EDTFEYERumor: FireEye moves up on renewed takeover chatter
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07:28 EDTFEYEFBN Securities to hold a bus tour
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