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Stock Market & Financial Investment News

News Breaks
May 29, 2014
11:07 EDTJNPR, PANWAnalysts upbeat on Palo Alto after Juniper settlement
Palo Alto (PANW) is surging and Juniper (JNPR) shares are rising as well after the companies announced last night that they had settled their patent litigation. In notes to investors earlier today, a number of firms wrote that the deal was a significant positive development for Palo Alto. WHAT'S NEW: Palo Alto, which develops IT security products, agreed to pay Juniper $175M, including $75M in cash, approximately $70M in shares of its common stock and a warrant to purchase approximately $30M more shares. The companies agreed to dismiss their lawsuits, license the patents over which they had sued each other, and refrain from suing each other over patents for eight years. ANALYST REACTION: From Palo Alto's perspective, the settlement was much more positive than expected, wrote Detsuche Bank analyst Karl Keirstead. Major investors had expected the settlement to consist of a $500M payment by Palo Alto and 2%-3% royalty payments, he estimated. Palo Alto's outlook is now significantly less risky, added the analyst, who raised his price target on the stock to $95 from $90 and kept a Buy rating on the shares. Meanwhile, Oppenheimer analyst Shaul Eyal upgraded Palo Alto to Outperform from Market Perform. Like Keirstead, Eyal believes that the deal significantly reduced the risk facing Palo Alto. Following the agreement, investors will focus on the company's solid fundamentals, added the analyst, who introduced a $90 price target on the shares. WHAT'S NOTABLE: Also last night, Palo Alto reported stronger than expected third quarter results and provided generally in-line fourth quarter guidance. Calling the results and guidance solid, Eyal said that they support continued healthy double-digit growth rates by the company. PRICE ACTION: In mid-morning trading, Palo Alto climbed 8% to $75, while Juniper added 1.5% to $25.60.
News For PANW;JNPR From The Last 14 Days
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January 28, 2015
09:15 EDTJNPROn The Fly: Pre-market Movers
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07:02 EDTJNPRJuniper showing signs of a turnaround, says Wells Fargo
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06:57 EDTJNPRJuniper price target raised to $28 from $24 at Cantor
Cantor increased its price target on Juniper after the company reported stronger than expected results. The firm thinks the company executed well last quarter and reported solid results. It keeps a Buy rating on the shares.
January 27, 2015
18:20 EDTJNPROn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:30 EDTJNPRJuniper up 3.8% after reporting Q4 results, guidance for Q1, FY15
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16:08 EDTJNPRJuniper sees FY15 operating expenses $1.9B plus or minus $25M
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16:07 EDTJNPRJuniper sees Q1 EPS 28c-32c, consensus 30c
Sees Q1 revenue $1.02B-$1.06B, consensus $1.02B.
16:06 EDTJNPRJuniper reports Q4 EPS 41c, consensus 31c
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15:35 EDTJNPRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $2.60; AT&T (T), consensus 55c; Amgen (AMGN), consensus $2.05; Yahoo (YHOO), consensus 29c; ACE (ACE), consensus $2.29; Stryker (SYK), consensus $1.45; Western Digital (WDC), consensus $2.10; Electronic Arts (EA), consensus 92c; Juniper (JNPR), consensus 31c; Total System Services (TSS), consensus 53c; Freescale Semiconductor (FSL), consensus 33c; Amdocs (DOX), consensus 81c; VMware (VMW), consensus $1.07; International Game Technology (IGT), consensus 25c; United States Steel (X), consensus 87c; Cytec (CYT), consensus 61c.
14:15 EDTJNPRJuniper January weekly 22 straddle priced for 6.3% movement into Q4
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14:10 EDTJNPRJuniper technical notes ahead of results
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09:35 EDTPANWPalo Alto poised to beat consensus estimates, says Wells Fargo
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January 26, 2015
15:24 EDTJNPRJuniper volatility elevated into Q4 and outlook
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January 23, 2015
10:02 EDTPANWOn the Fly: Analyst Downgrade Summary
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08:23 EDTPANWPalo Alto downgraded to Neutral from Outperform at Macquarie
January 22, 2015
17:25 EDTJNPRStarbucks names Kevin Johnson as COO
On January 22, Starbucks (SBUX) announced the appointment of Kevin Johnson as president and COO. Johnson ceased membership on all Starbucks board committees prior to his appointment as president and COO. He will remain a member of the Starbucks board of directors, which he joined in March 2009, and is expected to start in his new role effective March 1. Johnson, currently a non-employee director of the company, served as CEO of Juniper Networks (JNPR) from September 2008 to December 2013.
11:32 EDTJNPRF5 Networks plummets after Q2 outlook trails estimates
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07:42 EDTPANWIT security demand very strong, says Wells Fargo
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January 20, 2015
08:24 EDTPANWPalo Alto price target raised to $165 from $130 at Stephens
Stephens said it came away from a call with the CMO of Palo Alto Networks believing that the company's newly released "Traps" endpoint product has the potential to provide the next leg of growth for the company. Citing expectations for Traps, the raised its price target on Palo Alto to $165 from $130 and reiterates its Overweight rating on the stock.
January 15, 2015
13:07 EDTJNPRNetworking trends seen as boon for Cisco, others
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