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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:37 EDTPANW, JNPRPalo Alto price target raised to $80 from $60 at RW Baird
Baird raised its price target on Palo Alto (PANW) following its favorable Markman ruling versus Juniper (JNPR) in a patent infringement lawsuit form 2011. Shares are Outperform rated.
News For PANW;JNPR From The Last 14 Days
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April 24, 2015
09:20 EDTJNPROn The Fly: Pre-market Movers
UP AFTER EARNINGS: eHealth (EHTH), up 24.7%... Starbucks (SBUX), up 4.2%... Microsoft (MSFT), up 5.2%... Google (GOOG, GOOGL), up 3.2% and up 3.7%, respectively... Amazon (AMZN), up 12% after reporting quarterly results and announcing shopping app for Apple Watch... Gigamon (GIMO), up 16.5%... Juniper Networks (JNPR), up 6.6%. ALSO HIGHER: Molycorp (MCP), up 10.2% following a Bloomberg report that China's export tax decision may boost rare earth demand... Mattel (MAT), up 4.4% after being upgraded to Buy from Neutral at Goldman... Innocoll (INNL), up 13.1% after 3.3M share Secondary priced at $9.00... Cytosorbents (CTSO), up 9.7% after CEO comments on CytoSorb in letter to shareholders. DOWN AFTER EARNINGS: Biogen (BIIB), down 4.7%... Altera (ALTR), down 1.7%... Pandora (P), down 4%... ResMed (RMD), down 8.7%... Xerox (XRX), down 4.7%... HomeAway (AWAY), down 3.6% after reporting quarterly results and departure of officers. ALSO LOWER: Ubiquiti (UBNT), down 14.4% following CFO resignation and preliminary third quarter results... 3D Systems (DDD), down 10.4% after reporting preliminary first quarter results... StemCells (STEM), down 23.2% after filing to sell common stock... Aerie Pharmaceuticals (AERI), down 54.7% after Rhopressa Phase 3 trial did not meet primary endpoint.
08:59 EDTJNPRJuniper price target raised to $31-$33 from $27-$29 at Wells Fargo
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07:29 EDTJNPRJuniper upgraded on improved outlook at RBC Capital
As noted earlier, RBC Capital upgraded Juniper to Outperform from Sector Perform. The firm believes that the period of negative earnings revisions is behind the company, while its revenue is stabilizing and there are early signs of improving telecom spending. It adds that it expects routing switching and security to begin contributing to the company's growth in 2016. Target $29.
06:27 EDTJNPRJuniper upgraded to Outperform from Sector Perform at RBC Capital
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April 23, 2015
19:16 EDTJNPROn The Fly: After Hours Movers
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16:21 EDTJNPRJuniper expects to return to higher revenue in 2H15
The company continues to see the long-term demand drivers as healthy and is confident in its innovation pipeline. Juniper expects to return to its historical pattern of higher revenue in the second half of 2015 versus the first half of the year.
16:21 EDTJNPRJuniper sees Q2 adjusted EPS 38c-42c, consensus 38c
Sees Q2 revenue $1.09B-$1.12B, consensus $1.09B. Q2 non-GAAP gross margin will be approximately 64%, plus or minus 0.5%. Non-GAAP operating expenses will be $475M, plus or minus $5M.
16:19 EDTJNPRJuniper reports preliminary Q1 adjusted EPS 32c, consensus 31c
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15:00 EDTJNPRJuniper April weekly 24 straddle priced for 5.5% movement into Q1
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April 22, 2015
07:12 EDTPANWStephens to hold company meetings at conference
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April 21, 2015
12:54 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
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10:20 EDTJNPRWells thinks carrier equipment vendors factored in weak capex
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08:40 EDTPANWCheck Point price target raised to $100 from $85 at Needham
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07:15 EDTPANWUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
April 20, 2015
16:32 EDTPANWPalo Alto re-initiated with an Outperform at Imperial Capital
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12:35 EDTPANWCybersecurity stocks rally after Raytheon announces joint venture
The shares of cybersecurity companies are rising after Raytheon (RTN), a major defense contractor, announced that it was forming a cybersecuity joint venture with a company in the sector, Websense. Raytheon will acquire control of Websense as part of the deal. WHAT'S NEW: Raytheon announced that it had agreed to form a joint venture with Websense, which is owned by Vista Equity Partners. Under the deal, Websense will combine with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment. Raytheon will pay about $1.57B for an 80.3% stake in the joint venture. Additionally, Raytheon will pay $1.9B, net of cash acquired, to buy Websense. Of the $1.9B, $600M will be in the form of an intercompany loan to the joint venture. The combined company will be treated as a separate business segment of Raytheon, the defense contractor stated. John McCormack, the CEO of Websense, will be the CEO of the unit. The deal is expected to close next quarter. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Sam Pearlstein wrote that the deal will raise Raytheon's non-GAAP, 2015 adjusted earnings per share by about 6c. However, the transaction will lower Raytheon's EPS on a GAAP basis for 2015 by 48c, driven by amortization of intangibles, deferred revenue, and one-time costs, according to Pearlstein. The analyst kept an Outperform rating on Raytheon shares. WHAT'S NOTABLE: Cybersecurity company Check Point (CHKP) reported stronger than expected first quarter results today. Its Q2 guidance was roughly in-line with analysts' consensus estimates at the midpoints of the ranges given for earnings and revenue. Additionally, Check Point announced a partnership with another cybersecurity company, FireEye (FEYE). The companies said they would share threat intelligence to protect customers from modern advanced attacks. PRICE ACTION: In early afternoon trading,Check Point jumped 5.4% to $86.14, FireEye rose 3.8% to $42.39, Palo Alto (PANW) gained 2.4% to $146, Fortinet (FTNT) added 1.7% to $34.28, Proofpoint (PFPT) advanced 1.7% to $58, and Raytheon slid 0.3% to $107.40.
April 16, 2015
11:22 EDTJNPRJuniper April weekly volatility elevated into Q1 and outlook
Juniper April weekly call option implied volatility is at 49, May is at 35, July is at 25, October is at 24; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 of April 23.
April 15, 2015
07:46 EDTJNPREricsson, Juniper in focus for deals after Nokia-Alcatel tie-up, Bloomberg says
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April 13, 2015
06:47 EDTPANWPalo Alto, FireEye remain Piper's favorite security ideas
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April 12, 2015
18:11 EDTPANWEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
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