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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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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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07:42 EDTPANWPalo Alto should sustain premium valuation and favorable sentiment, says UBS
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March 30, 2015
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 EDTJNPROn 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
16:34 EDTJNPRJuniper initiated with a Neutral at Guggenheim
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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 EDTPANWMore 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
07:24 EDTJNPRBroadcom chip renews competition with in-house hardware makers, WSJ says
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